It certainly isn’t if you have CEO behind your name and you work for a big corporation: Compensation received by chief executives of the biggest US companies surged 11 percent over the past 12 months — to $9.3 million on average, The Wall Street Journal reported. Citing a study conducted for the newspaper by management […]
I was just reading the following blog post: The days of building your precious DVD collection may be coming to an end sooner than you think. If Netflix CEO Reed Hastings’ comments are any guide, the DVD era may be set to come to a rather abrupt halt. Specifically, Hastings said in an interview with […]
So some of the bailout money could be going to hookers: Visa, Mastercard or American Express? Or maybe a credit card from JP Morgan Chase? Wall Street CEOs, lawyers, bankers and media executives chalked up thousands of dollars in prostitution charges on their corporate credit cards — swiping their cards for $2,000 an hour prostitutes, […]
That’s the message sent out by Senate Republicans last night as the auto bailout failed: Their efforts in Congress squashed, U.S. automakers are depending upon a reluctant White House to quickly provide a multibillion lifeline to help them avoid imminent collapse. General Motors Corp. and Chrysler LLC, which have said they could run out of […]
Eliot Spitzer is back, this time as Slate’s newest columnist: Last month, as the financial crisis and the government rescue plan dominated headlines, almost everyone overlooked a news item that could have enormous long-term impact: <a href=”http://www.avbuyer.com.cn/e/2008/30063.html”>GE Capital announced the acquisition of five mid-size airplanes—with an option to buy 20 more—produced by CACC, a new, […]
Ford’s CEO agrees to a paycut: Ford Motor became the first of the three U.S. automakers to unveil its turnaround plans to Congress Tuesday, but the plan contained little in the way of new cost cuts or other changes beyond what the company had previously announced. The company announced that the salary of Ford CEO […]
NY Attorney General Andrew Cuomo has been at the front of the battle when it comes to CEOs receiving their golden parachutes, while their companies lay off and ask for government handouts, and he isn’t backing down at all: Calling the layoffs of 53,000 people “disturbing,” Cuomo says top executives shouldn’t get bonuses while investors, […]