Big Bucks for GM Boss

Staff / Truthdig Feb 20, 2010 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. Dig deeper ( 1 Min. Read )

Former Merrill Lynch CEO Thain Tapped to Head CIT

Staff / Truthdig Feb 8, 2010 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. Dig deeper ( 1 Min. Read )

Facebook Tailors Privacy Settings to Suit ‘Social Norms’

Staff / Truthdig Jan 12, 2010 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. Dig deeper ( 1 Min. Read )

Zell Out as Tribune CEO

Staff / Truthdig Dec 3, 2009 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. Dig deeper ( 1 Min. Read )

Carly Fiorina Taking On Barbara Boxer for Senate Seat

Staff / Truthdig Nov 5, 2009 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. Dig deeper ( 1 Min. Read )

‘Daily Show’: American Grandstand, Banking Episode

Staff / Truthdig Feb 14, 2009 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. Dig deeper ( 1 Min. Read )

Scream 2009

Mike Luckovich / Truthdig Feb 9, 2009 Dig deeper

Slapping the Pay Cuffs on Execs

Staff / Truthdig Feb 4, 2009 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. Dig deeper ( 1 Min. Read )

A Fox to Protect the Henhouse?

Robert Scheer / Truthdig Sep 24, 2008 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. Dig deeper ( 3 Min. Read )

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

Staff / Truthdig Feb 16, 2008 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. Dig deeper ( 1 Min. Read )

Big Shots

Dwayne Powell / Truthdig Jun 15, 2007 Dig deeper

Ellen Goodman: Bob the Un-Builder

Ellen Goodman / Truthdig Jan 11, 2007 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. Dig deeper ( 3 Min. Read )