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Tag: Ceo


American Apparel Cuts Controversial Founder Dov Charney Out of His Company

There was a time, around a decade ago, when American Apparel’s brand seemed to be enhanced, at least on the business side, by the pervy sensibility of its founder and charismatic leader, Dov Charney. Those days have apparently passed.

Posted on Jun 19, 2014 READ MORE



GM Fires 15 Over Ignition Scandal but Says ‘No Cover-Up’

General Motors Chief Executive Mary Barra said Thursday that the company had fired 15 mostly senior executives over the deadly ignition scandal that has placed the automaker under federal investigation.

Posted on Jun 5, 2014 READ MORE



Bastian (CC BY-NC-ND 2.0)

Raising Taxes on Corporations That Pay Their CEOs Royally and Treat Their Workers Like Serfs

Until the 1980s, corporate CEOs were paid, on average, 30 times what their typical worker was paid. Since then, CEO pay has skyrocketed.

Posted on Apr 22, 2014 READ MORE



Mozilla Chief Steps Down Amid Proposition 8 Controversy

The chief of Firefox browser maker Mozilla is stepping down in the face of controversy stirred by his support of a California bill to ban gay marriage.

Posted on Apr 3, 2014 READ MORE



Europe Weighs Capping CEO Income as Wall Street Continues to Run Amok

The Swiss are considering limiting the compensation of chief executive officers to a 12:1 ratio, but Americans can’t even get banksters to reveal the comparison of their pay to the average salary; Germany wants to impose a financial transactions tax; meanwhile, in London the per-capita income is 90 percent higher than in the rest of Britain. These discoveries and more after the jump.

Posted on Nov 19, 2013 READ MORE



Flickr/401(K) 2013

Why We Should Stop Subsidizing Sky-High CEO Pay

Almost everyone knows CEO pay is out of control. It surged 16 percent at big companies last year, and the typical CEO raked in $15.1 million, according to The New York Times. What’s less well known is that you and I and other taxpayers are subsidizing this sky-high executive compensation.

Posted on Jul 18, 2013 READ MORE



AP/Pat Sullivan

Ex-Enron CEO Jeffrey Skilling’s Prison Sentence Reduced

As the former CEO of Enron, Skilling played a major role in what’s been called “one of the biggest corporate scandals ever.” But because of a deal reached with federal prosecutors Friday, he’ll get out of prison 10 years early.

Posted on Jun 23, 2013 READ MORE



TechCrunch (CC BY 2.0)

Regulate Civilian Drones, Google Chief Says

Google CEO Eric Schmidt wants to limit the domestic use of drones by civilians, citing privacy and security concerns.

Posted on Apr 13, 2013 READ MORE



TechCrunch (CC-BY)

A Refreshingly Honest Resignation Letter From a CEO

Andrew Mason was, until recently, the CEO of Groupon, the fastest growing company of all time. Although Groupon’s more recent misfortune has taken Mason down with it, the former CEO leaves with a wicked sense of humor intact.

Posted on Mar 1, 2013 READ MORE


Globalization

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Posted on Feb 1, 2013 READ MORE


CEO Says He Will ‘Start Killing People’ if Obama Takes Action on Gun Control

“Vice President Biden is asking the president to bypass Congress and use executive privilege, executive order to ban assault rifles and to impose stricter gun control,” says James Yeager of Tennessee weapons training company Tactical Response. “I’m telling you that if that happens, it’s going to spark a civil war, and I’ll be glad to fire the first shot.”

Posted on Jan 10, 2013 READ MORE



Krugman on the ‘Fiscal Cliff,’ Pat Robertson on Women and Porn, and More

A look at the day’s political happenings, including a CEO who claims he fired employees because of Obama’s victory, and Ted Nugent, who has a meltdown over the election on Twitter.

Posted on Nov 9, 2012 READ MORE



Republicans Back Mourdock, Tina Fey Talks GOP and Rape, and More

A look at the day’s political happenings, including Colin Powell offers his endorsement and yet another CEO tries to get his employees to vote for Mitt Romney.

Posted on Oct 25, 2012 READ MORE



loungerie (CC-BY)

Frightening Charts From the Senate Inequality Hearing

As if there were any doubt, a two-hour Senate Budget Committee hearing on Thursday reported some alarming trends in income inequality, Mother Jones reported. (more)

Posted on Feb 11, 2012 READ MORE



Fortune Live Media (CC-BY)

You Too Can Befriend a CEO!

Members of the angry and increasingly vocal American majority can now bring their grievances to the 1 percent more directly with Occupy the Board Room, an OWS-associated website that invites the rest of us to pursue “friendship” with 180 corporate board members and executives. (more)

Posted on Oct 22, 2011 READ MORE



Flickr / david_shankbone (CC-BY)

NYT Columnist Answers to Bankers First

A New York Times financial columnist who specializes in covering Wall Street went to the Occupy Wall Street protest for the first time Saturday only after he said he received a call from “the chief executive of a major bank” who wanted to know whether the protests were “a big deal” or a potential “personal safety problem.”

Posted on Oct 5, 2011 READ MORE



Flickr / marcopako ? (CC-BY-SA)

Apple CEO Steve Jobs Resigns

Steve Jobs, who has been on medical leave since January, has stepped down as CEO of Apple Inc. and has “strongly recommended” the board name Chief Operating Officer Tim Cook as his successor.

Posted on Aug 24, 2011 READ MORE



The Dirty Secret of the Jobless Recovery

Have you ever asked yourself what makes a “jobless recovery” possible? Since the beginning of the recession, American companies have trimmed their staffs and shifted work to remaining employees, largely without increasing pay, and those workers are not reaping the benefits. (more)

Posted on Jul 3, 2011 READ MORE



Flickr / MnGyver

Take the U.S. Inequality Quiz

Think you have the dirt on inequality in America? Jeffrey Rudolph, a college accounting professor in Montreal, has crafted an extensive quiz stocked full of hard facts and figures from a range of authoritative sources that cuts through the myth and lies thrown up by America’s leading misinformers. (more)

Posted on Jun 28, 2011 READ MORE



Flickr / World Economic Forum

Exxon Posts Enormous Profits

While a host of social welfare programs sit on the congressional chopping block, Exxon Mobil pulled in a near-record first-quarter profit of $10.65 billion.

Posted on Apr 28, 2011 READ MORE



AP / J. Scott Applewhite

Obama’s Fatal Addiction

Maximizing corporate profits at taxpayers’ expense is what top CEOs are good at, and after all it was Jeffrey Immelt who presided over GE when it got so heavily into the subprime mortgage business that it needed a government bailout to avoid bankruptcy. This was before Obama made him a trusted adviser.

Posted on Mar 30, 2011 READ MORE



AP / Susan Walsh

Wall Street CEOs Off the Hook

Most of those Wall Street executives whose firms took ridiculous risks and brought the global financial system to its knees are far from a jail cell, or even from being prosecuted by the Justice Department.

Posted on Feb 27, 2011 READ MORE



White House / Pete Souza

Obama Makes Nice with Business Bigwigs

Bill Clinton and now big business—all in a week’s work for President Obama in his ambitious push to improve relations with parties with whom he’d at least appeared to be at odds since he took office.

Posted on Dec 16, 2010 READ MORE


Brown Aide Caught on Tape Calling Whitman a ‘Whore’

An as-yet-unidentified member of Jerry Brown’s camp has created quite a PR snafu for the California gubernatorial hopeful by calling Brown’s rival, former eBay CEO Meg Whitman, a “whore” during a conversation that wasn’t intended to be recorded. Oops.

Posted on Oct 8, 2010 READ MORE


Hayward
Wikimedia Commons / World Economic Forum

How Do You Solve a Problem Like Tony Hayward?

It’s kind of amazing that BP’s beleaguered CEO, Tony Hayward, is still in play at this point, but he may not last much longer, as the oil company’s board members were slated to debate his fate Monday evening.

Posted on Jul 26, 2010 READ MORE


Hayward
Wikimedia Commons / World Economic Forum

BP Yanks Hayward Out of Spill Response Role

BP’s embattled CEO, Tony Hayward, is stepping out of the limelight after intensifying the company’s PR issues since the Gulf of Mexico oil spill began its relentless spread—and particularly after royally ticking off certain members of Congress last week.

Posted on Jun 18, 2010 READ MORE


Cry Me a River

Let us stop to collectively mourn a new figure from The New York Times: Chief executives in the United States’ largest publicly traded companies found that their compensation dropped 15 percent in 2009, hitting bourgeois rock bottom at a measly $9.53 million yearly average.

Posted on Apr 4, 2010 READ MORE


GM building
Flickr/richardefreeman

Big Bucks for GM Boss

It seems that the romantic notion of cutting back on executives’ astronomical salaries, especially execs at corporations that benefited from government funding, hasn’t exactly caught on like wildfire in the American auto business. Take General Motors, for example.

Posted on Feb 20, 2010 READ MORE


Thain
U.S. Department of State

Former Merrill Lynch CEO Thain Tapped to Head CIT

John Thain is back. The ex-CEO of Merrill Lynch, who also once held top posts at Goldman Sachs and the New York Stock Exchange, has returned to the Wall Street fold, this time as chairman and CEO of the CIT Group. However, this time, one imagines, he won’t have a $35K commode at his disposal.

Posted on Feb 8, 2010 READ MORE


Zuckerberg
flickr / deneyterrio

Facebook Tailors Privacy Settings to Suit ‘Social Norms’

Facebook has come under fire more than once for its execs’ creative interpretations of the term privacy, and now the megasite’s fresh-faced CEO Mark Zuckerberg has drummed up a very interesting line of argument to justify his stance on the issue. What you might see as violations of personal privacy, Zuckerberg and his team view as “reflect[ing] the current social norms.” Oh.

Posted on Jan 11, 2010 READ MORE


zell
chicagobusiness.com

Zell Out as Tribune CEO

After two tumultuous years in the media business, Tribune Co.’s controversial CEO, Chicago-based real estate mogul Sam Zell, is stepping down from his post, but he’s not bowing out of the game altogether—Zell will continue as the media company’s chairman.

Posted on Dec 2, 2009 READ MORE


Fiorina
cs.bris.ac.uk

Carly Fiorina Taking On Barbara Boxer for Senate Seat

She admits she hasn’t always been a true believer in our country’s electoral system, but former Hewlett-Packard CEO Carly Fiorina is now hoping to become a major player in the U.S. political arena by challenging longtime California Sen. Barbara Boxer for her congressional seat in 2010.

Posted on Nov 4, 2009 READ MORE


Daily Show

‘Daily Show’: American Grandstand, Banking Episode

Was it too much to expect a show of contrition or sacrifice when CEOs from eight of the nation’s biggest banks turned up on Capitol Hill last week to dodge questions about how they used their respective chunks of bailout change? Probably.

Posted on Feb 13, 2009 READ MORE


Kenneth Lewis
bloomberg.com

Slapping the Pay Cuffs on Execs

Amending current TARP rules and regulations, President Obama is expected to put a $500,000 cap on executive salaries at companies that receive large amounts of bailout funds. It would mean major pay cuts for the likes of Bank of America CEO Kenneth Lewis, who took home more than $20 million in 2007.

Posted on Feb 4, 2009 READ MORE


Paulson
AP photo / J. Scott Applewhite

A Fox to Protect the Henhouse?

Does it really matter which party is in charge when it comes to bailing out the Wall Street hustlers whose shenanigans have bankrupted so many ordinary folks? Not if the Democrats roll over and cede power to the former head of Goldman Sachs, the investment bank at the center of our economic meltdown.

Posted on Sep 23, 2008 READ MORE


zell
chicagobusiness.com

Turbulent Times in N.Y., L.A. Newsrooms

It’s been a lively week in the newspaper world, and the excitement hasn’t exactly been of the desirable variety. Earlier in the week, Tribune Co. Chairman and CEO Sam Zell announced major cutbacks at Tribune papers across the country, and then The New York Times’ Valentine’s Day edition brought word that the Gray Lady will also be downsizing its staff.

Posted on Feb 15, 2008 READ MORE


Ellen Goodman: Bob the Un-Builder

Home Depot CEO Bob Nardelli’s golden parachute doesn’t just speak to the inequality of income in America, appalling as it may be, but raises another issue just as troubling: the inequality of risk.

Posted on Jan 11, 2007 READ MORE


Cavuto and Frank

Barney Frank Does Battle With Fox’s Cavuto

One thing we love about Rep. Barney Frank is his total unwillingness to allow an interviewer to step on his answer, misrepresent his argument and then slither away. Neil Cavuto practices the dark arts for Fox News in this particular interview, as Frank steadfastly defends his position on exorbitant CEO pay against an avalanche of nasal smugness.

Posted on Jan 7, 2007 READ MORE


Powell: Who’s the Greediest of Them All?

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Posted on Jan 5, 2007 READ MORE


Fastow: Enron’s Lay ‘Lied About Enron Finances’

The energy company’s former CFO testifies that Ken Lay, the former CEO, lied about the company’s financial situation in the months before the company’s collapse.

Posted on Mar 9, 2006 READ MORE


Wal-Mart CEO Talks Tough in Internal Memos

Wal-Mart’s CEO suggests that a store manager is disloyal, and should consider quitting, after the manager laments the lack of health benefits at the mega-chain. This happened on a confidential, internal website that the N.Y. Times sussed out.
Earlier: Sales are brisk and accusations fly as Robert Greenwald’s Wal-Mart documentary racks up 110,000 DVD sales.

Posted on Feb 17, 2006 READ MORE


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