What a nice piece in the Wall Street Journal. Here is Home Depot cofounder and former CEO, Bernice Marcus has to say: But in the class war, as in the real deal, there are always ways of motivating the yellow. “If a retailer has not gotten involved with this, if he has not spent money […]
We are hearing that a lot lately. It is a very tough situation to wrap your head around, but while people are saying we should let the auto industry go, no one is saying what to do with the millions of jobs it will cost. It’s not that we need to bailout the auto industry, […]
Why didn’t they start this years ago, before the collapse? The Federal Bureau of Investigation has opened criminal inquiries into 14 companies as part of a wide-ranging investigation of the troubled mortgage industry, F.B.I. officials said Tuesday. The F.B.I. said it was looking into possible accounting fraud, insider trading or other violations in connection with […]
While people are losing their homes, the CEO of Country Wide is getting ready for a big payday: Angelo Mozilo, the co-founder and public face of troubled mortgage giant Countrywide, is eligible for tens if not hundreds of millions in compensation and perks on the sale of the company to Bank of America. During calendar […]
Looks like Bush doesn’t like his date of September to gauge the progress of the “surge”: Mr. Warner said that July 15, when a Congressionally mandated, preliminary report on the progress in Iraq is due, would be pivotal. The White House has been hoping for far more time, even backing away from its earlier statements […]
If I were a shareholder of a corporation and heard news that the corporation paid a CEO $14 million to be fired (this is what the Gap just did), my stock would instantly be sold. Sadly this is something we hear about more and more. Luckily we have a Democratically controlled Congress, and one Representative […]
The chairman of Virgin Group has pledged $3 billion over the next 10 years to combating global warming. CNN has all the details. The world would be much better if the CEO’s would take such initiatives as Branson has.
I guess the Republicans in charge of our country do not like their citizens having access to information. One way to stop that is to overprice the internet to the point only CEO’s and millionaires can operate on it: FCC Chief Kevin Martin yesterday gave his support to AT&T and other telcos who want to […]
The CEO of Diebold has immediately resigned from the company according to Raw Story: The chief executive officer of voting rights company Diebold who once famously declared that he would “deliver” Ohio for President Bush has resigned effective immediately, RAW STORY has learned. “The board of directors and Wally mutually agreed that his decision to […]