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 […]
That is the approach the fed seems to be taking towards the economy: Federal Reserve Chairman Ben Bernanke, warning Congress of a period of sluggish business growth, sent a fresh signal Wednesday that the central bank will again lower interest rates to steady the teetering economy. “The economic situation has become distinctly less favorable” since […]
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 […]
This shows you the level of maturity exercised by Republicans in Congress: Rep. Michael Oxley, outgoing chairman of the House Financial Services Committee, shouted in outrage at a closed-door conference of House Republicans last Tuesday in protesting a reform barring from the House gymnasium former congressmen who become lobbyists. Oxley, who is not seeking election […]