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By Scott Ritter
$17.16
By Steven Naifeh (Author), Gregory White Smith (Author)
$19
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TechCrunch (CC BY 2.0)
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Google CEO Eric Schmidt wants to limit the domestic use of drones by civilians, citing privacy and security concerns.
Posted on Apr 13, 2013
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TechCrunch (CC-BY)
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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
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“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
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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
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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
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loungerie (CC-BY)
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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)
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Fortune Live Media (CC-BY)
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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)
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Flickr / david_shankbone (CC-BY)
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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.”
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Flickr / marcopako ? (CC-BY-SA)
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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.
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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)
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Flickr / MnGyver
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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)
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Flickr / World Economic Forum
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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.
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AP / J. Scott Applewhite
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By Robert Scheer — 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.
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AP / Susan Walsh
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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.
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White House / Pete Souza
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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.
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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.
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Wikimedia Commons / World Economic Forum
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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.
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Wikimedia Commons / World Economic Forum
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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.
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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.
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Flickr/richardefreeman
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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.
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U.S. Department of State
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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.
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flickr / deneyterrio
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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.
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chicagobusiness.com
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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.
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cs.bris.ac.uk
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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.
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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.
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bloomberg.com
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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.
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AP photo / J. Scott Applewhite
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By Robert Scheer — 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.
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chicagobusiness.com
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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.
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By Ellen Goodman — 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.
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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.
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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
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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
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