American International Group (AIG) will pay new CEO Robert Benmosche a salary of $7 million dollars per year. AIG received billions of dollars in bailout money from the government earlier this year. The salary has been approved in principly by Washington's new pay czar...
As you shelter yourself in a cool closet from the hailstorm of healthcare promotion, Congress and the President are sliding into home plate with compensation controls in the senior offices of financial firms, … for starters. The new Corporate and Financial Institution...
Allll riiiigght! America's heavyweight automaker has reentered the fray, "leaner and meaner", we hope! At least, that's what's been reported by the Associated Press. So,...
opinion by Mortal | 17 wks ago | updated 17 wks ago 180 views | 8 recommendations | 2 comments
Having effectively been elected by a population believing in his redistribution of wealth promises, Obama has leaped into the fray of a game in which he has no experience. He arrived with an ideology, and seems to have learned little about the recession facing the Nation....
Have become a nation of debtor kings sitting proudly upon our throne of affectations? I would be inclined to answer in the affirmative and the evidence tends to support the assertion. We have become little more than the sum total of our possessions; blithely mortgaging our...
opinion by robehren | 31 wks ago 75 views | 2 recommendations | 1 comment
According to a BBC report, Rick Wagoner was ordered by Obama to step down. This tough action is the result of the report by the auto task force setup by Obama which termed the revival plans submitted by the auto giant GM as non viable in the current form. Obama is proving to...
In effort to appear attentive and accommodating to the crowd’s discontent, Obama has made a big deal of announcing an executive salary cap policy targeting any financial institutions that receive exceptional...
opinion by James Raider | 39 wks ago | updated 39 wks ago 159 views | 0 recommendations | 2 comments
As CEOs beg for Troubled Asset Relief Program (TARP) handouts, the new corporate mantra is, “maintain shareholder trust,” … sorry, make that the new corporate mantra is not, but should be, …”maintain...
opinion by James Raider | 41 wks ago | updated 41 wks ago 85 views | 9 recommendations | 3 comments
Former Lehman Brothers chief executive officer Richard Fuld transfered the $13.75 million dollar home he shared with his wife into her name, and Florida real-estate records show that Kathleen Fuld 'bought' the...
created by Terri Potratz | 41 wks ago | updated 40 wks ago 261 views | 6 recommendations | 1 comment
Yahoo was finding very difficult to find a successor to Jerry Yang as chief executive. But they have managed to zeroed on Carol Bartz as the new boss. But critics says she isn't exactly inspiring. Ms. Bartz is a...
created by Sanjay Jha | 43 wks ago | updated 43 wks ago 66 views | 0 recommendations | 0 comments
2008 is almost over and as millions of income earners in Canada and US struggle to come to terms with impacts of the global financial crisis, small comfort may come from a string...
." Founder Of The Heritage Foundation, Dies Image Credit: weyrichdinner.orgPaul Weyrich, Founder Of The Heritage Foundation, DiesSad that the Conservative movement has lost its rudder - REALLY – May God bless...
Job market is engulfed in fire, and latest victim is city group employees.According to city group CEO Mr. Pandit, company is going to say goodbye to 50000 employee worldwide." Citigroup Inc CEO Pandit will...
" The chief executive officer (CEO) in India of a US-based software firm was dragged out of his car and viciously attacked in Noida, police said on Saturday, four days after the India CEO of an Italian firm...