Apple CEO Steve Jobs Resigns

Staff / Truthdig Aug 25, 2011 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.Steve Jobs, who has been on medical leave since January, has stepped down as CEO of Apple Inc. Dig deeper ( 1 Min. Read )

The Dirty Secret of the Jobless Recovery

Staff / Truthdig Jul 3, 2011 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) Dig deeper ( 2 Min. Read )

CEO Pay: A Teeny-Weeny Secret for Rich Folk

Staff / Truthdig Jun 28, 2011 The House Financial Services Committee has voted to repeal a provision in last year's Dodd-Frank financial reform law requiring public corporations to report the ratio between CEO and median worker pay. (more) Dig deeper ( 1 Min. Read )

Take the U.S. Inequality Quiz

Staff / Truthdig Jun 28, 2011 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) Dig deeper ( 1 Min. Read )

Exxon Posts Enormous Profits

Staff / Truthdig Apr 29, 2011 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. Dig deeper ( 1 Min. Read )

Obama’s Fatal Addiction

Robert Scheer / Truthdig Mar 30, 2011 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.Overdrive, with CEOs like GE's Jeffrey Immelt shifting the gears, is what brought us so close to the brink. Dig deeper ( 4 Min. Read )

Wall Street CEOs Off the Hook

Staff / Truthdig Feb 28, 2011 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. Dig deeper ( 1 Min. Read )

Obama Makes Nice with Business Bigwigs

Staff / Truthdig Dec 16, 2010 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. Dig deeper ( 1 Min. Read )

Brown Aide Caught on Tape Calling Whitman a ‘Whore’

Staff / Truthdig Oct 9, 2010 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. Dig deeper ( 1 Min. Read )

How Do You Solve a Problem Like Tony Hayward?

Staff / Truthdig Jul 26, 2010 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. Dig deeper ( 1 Min. Read )

BP Yanks Hayward Out of Spill Response Role

Staff / Truthdig Jun 19, 2010 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. Dig deeper ( 1 Min. Read )

Cry Me a River

Staff / Truthdig Apr 5, 2010 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. Dig deeper ( 1 Min. Read )