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Keyword: ceo

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  • Corporate CEOs Must Heed Election Results, Too

    11/03/2010 9:10:21 AM PDT · by jazusamo · 11 replies
    National Legal & Policy Center ^ | November 3, 2010 | Peter Flaherty
      The electorate’s repudiation of Barack Obama and his Congressional allies was not only a rejection of Big Government, but also of business elites who were buffeted from the downturn by political dealing at the expense of ordinary people.Unless Corporate America heeds the election results, it too will risk the wrath of an informed and energized public. Here are CEOs who must pay attention to what happened yesterday:Pfizer CEO Jeffrey Kindler- Not only did Kindler (above) lead the charge of Big Pharma CEOs for ObamaCare, he actually got a multi-million dollar bonus from Pfizer for doing so. This is...
  • NPR CEO who fired Juan Williams runs away from O’Reilly Factor ambush interview

    10/26/2010 4:27:40 AM PDT · by Suvroc10 · 28 replies
    Examiner ^ | October 26, 2010 | Marc Schenker
    The NPR CEO who fired Juan Williams runs away from an O’Reilly Factor ambush interview. For anyone who’s ever watched the O’Reilly Factor from time to time, you know that one of the highlights of O’Reilly’s brand of journalism is taking the interview to the guest, if the guest is a major-league coward who’s too afraid to enter the so-called "No Spin Zone." As it just so happens, NPR CEO Vivian Schiller, the villain responsible for the Juan Williams firing out of political correctness and liberal double-standards, fits the brand of "coward" perfectly. So after less than a week of...
  • Stuffing Their Pockets (For America's CEOs, a very lucrative recession)

    09/06/2010 6:10:06 AM PDT · by SeekAndFind · 68 replies
    Newsweek ^ | 09/06/2010 | Rana Foroohar
    One of the most startling things about the post-crisis landscape is how tone-deaf the wealthiest Americans remain to outrage over their Croesus-like pay packages. The award for complete obliviousness would have to go to Blackstone cofounder Stephen Schwarzman, who earlier this summer compared government attempts to raise taxes on financiers such as himself to Hitler’s invasion of Poland. Silver medals should certainly be handed out to the many executives and corporate lawyers who were grousing last week about the new Dodd-Frank bill, which includes a rule requiring companies to disclose the difference in pay between their chief executive and their...
  • Want To Make A Lot Of Money As A CEO? Fire People

    09/05/2010 11:23:29 AM PDT · by SeekAndFind · 50 replies
    Business Insider ^ | 09/05/2010 | Vincent Fernando, CFA
    CEOs who fire people tend to make more money. That's been the trend recently, according to 'CEO Pay and The Great Recession' from the Institute for Policy Studies. IPS: The 50 top CEO layoff leaders received $12 million on average in 2009, compared to the S&P 500 average of $8.5 million. Each of the corporations surveyed laid off at least 3,000 workers between November 2008 and April 2010. Seventy-two percent of the firms announced mass layoffs at a time of positive earnings reports. ... At a time when we should be pulling together to strengthen our shared economic futures, CEOs...
  • Why CEO's Get Fired

    09/05/2010 9:12:11 AM PDT · by unixfox · 4 replies
    allbusiness.com ^ | June 30 2005 | Lisa Haneburg
    The full article has been removed, but, who does this remind you of. According to an article dated June 30 2005, it states the reason CEO's get fired is because: 31 percent of CEOs get fired for mismanaging change 28 percent get fired for ignoring customers 27 percent get fired for tolerating low performers 23 percent get fired for denying reality 22 percent get fired for too much talk and not enough action
  • The More Jobs You Cut, the Higher Your Pay (When in doubt, do mass layoffs, reward shareholders)

    09/02/2010 1:14:26 PM PDT · by SeekAndFind · 23 replies
    Motley Fool ^ | 09/02/2010 | Alyce Lomax
    Since our ugly economic maelstrom begun, the companies responsible for shedding the largest numbers of workers have the highest-paid CEOs at their helms. Clearly, there's something wrong with this picture. This unpleasant finding headlined the Institute for Policy Studies' (IPS) report, CEO Pay and the Great Recession. Shareholders need to think about whether incentivizing management brutality is really the best path toward bettering corporations' long-term prospects. When leaders aren't heroes The IPS report shows that corporate America's "layoff leaders" are making out like bandits. CEOs who presided over the worst mass layoffs earned almost $12 million on average last year,...
  • G.M. CEO to feds: We’re tired of being “Government Motors” so how about selling your shares?

    08/07/2010 10:41:38 PM PDT · by Nachum · 48 replies · 1+ views
    Hot Air ^ | 8/7/2010 | Allahpundit
    They’re preparing an IPO and want the feds’ shares — all of the feds’ shares — to be part of it. Treasury’s considering it, but you know how it is: Once you’ve got hold of something special, it’s … so hard to let go. “We want the government out, period,” Mr. Whitacre said in comments after speaking at an automotive conference in northern Michigan. “We don’t want to be known as Government Motors.”… Eliminating government ownership, he said, would be good for employee morale and would improve G.M.’s image. While unusual, selling all the shares during an initial offering is...
  • Larry Ellison and Steve Jobs among America's five highest-earning CEOs

    07/27/2010 3:21:55 PM PDT · by Dan B Cooper · 16 replies · 2+ views
    zdnet ^ | 27 July, 2010 | Jack Schofield
    Oracle’s Larry Ellison has come top of a list of the 25 highest-paid executives of public companies during the past decade, according to a Wall Street Journal analysis. He made $1.84 billion. His friend Steve Jobs, boss of Apple, came fourth with $749 million. In this case, pay includes “salaries, bonuses, perks and realized gains on both restricted stock and stock options”. The “realized gains on options accounted for 97% of Mr Ellison's total compensation,” says the Journal. Most of Jobs’s income comprises the $647 million gain on restricted stock that vested in 2006. This means he actually earned his...
  • Vanity: Watching Hannity about CEOs who voted for Zero!

    07/09/2010 6:10:37 PM PDT · by C19fan · 17 replies · 1+ views
    Watching Hannity with a guess host. One of the guests mentioned he talked with a "captain of industry" who was a Zero supporter. Supposedly this "captain of industry" claimed he was not voting for new entitlements, higher taxes, redistribution of wealth, and more regulation. Jeez. Sort of funny 100% of Freepers knew exactly who Zero was and is and this "captain of industry" was so ignorant and fool.
  • Walmart CEO Pay: More in an Hour Than Workers Get All Year?

    07/02/2010 6:27:25 PM PDT · by Bad~Rodeo · 265 replies
    ABCNEWS ^ | July 2, 2010 | ALICE GOMSTYN
    Walmart Executive-Worker Pay Gap Strikes Chord in Chicago and Beyond By Ed Smith's math, the CEO of Walmart earns more in an hour than his employees will earn in a year. Smith, an alderman in Chicago, presented posters at a city council meeting showing that Walmart CEO Michael Duke's $35 million salary, when converted to an hourly wage, worked out to $16,826.92. By comparison, at a Walmart store planned for the Windy City's Pullman neighborhood, new employees to be paid $8.75 an hour would gross $13,650 a year. Smith's numbers could be a bit off. Equilar, an executive compensation research...
  • White House criticises BP CEO over yacht race

    06/19/2010 1:38:39 PM PDT · by Free ThinkerNY · 67 replies · 1,303+ views
    Reuters ^ | June 19, 2010
    (Reuters) - The White House renewed its sharp criticism of BP (BP.L) (BP.N) CEO Tony Hayward after he attended a yacht race off the English coast on Saturday as his company struggles to plug its huge Gulf of Mexico oil leak. "This has just been part of a long line of PR gaffes and mistakes," White House Chief of Staff Rahm Emanuel said in an interview taped for ABC's "This Week" week program, referring to Hayward. Sheila Williams, a spokeswoman for the energy giant, said Hayward attended the boat race at the Isle of Wight, saying he was spending some...
  • BP CEO Tony Hayward to Hand Over Day-to-Day Control of Gulf Cleanup Operations

    BP's chairman Carl-Henric Svanberg has revealed to Sky News that embattled chief executive Tony Hayward is to have a changed role in dealing with the oil spill, SkyNews.com reported. Asked about Hayward's ongoing role, Svanberg said: "He is now handing over the operation to Bob Dudley." Dudley is the managing director of the oil giant.
  • Obama Says He Would Have Fired BO CEO

    06/08/2010 5:21:55 PM PDT · by Starman417 · 29 replies · 55+ views
    Flopping Aces ^ | 06-08-10 | DrJohn
    From The Hill BP's chief executive wouldn't have a job if President Barack Obama were in charge of the oil company, the president said Tuesday. "He wouldn't be working for me after any of those statements," Obama said during an interview on NBC's "Today" show, referencing comments made by Hayward in which said he wanted his pre-spill life back. Obama emphasized that administration officials were constantly in touch with the chief executive and other top officials at BP. Read more at floppingaces.net...
  • Political ads are tough sell for image-conscious corporations

    06/01/2010 11:07:40 AM PDT · by jazusamo · 5 replies · 137+ views
    WaPo ^ | June 1, 2010 | Carol D. Leonnig
    All over the country, corporate CEOs and trade groups are asking their lawyers the same question: How can we get our companies involved in this political election season without leaving tracks? After a landmark Supreme Court ruling this year freed executives to spend unlimited corporate cash on campaigns, some predicted that businesses would flood television airwaves with pro-industry political ads -- but that just hasn't happened yet. Image-sensitive corporations are still trying to make sure that, if they jump into 2010 politicking, they do so as anonymously as possible, according to Republican political operatives and trade group leaders. Many corporate...
  • WH releases list of CEOs who dined with Obama

    05/03/2010 8:57:51 PM PDT · by Nachum · 11 replies · 856+ views
    the hill ^ | 5/3/10 | Jordan Fabian
    The list of attendees at President Barack Obama's dinner with CEOs was released Monday evening. Obama dined with members of the Business Council, a group of 150 chief executives of leading private-sector companies. The president was expected to make his pitch for financial regulatory reform legislation, as well as solicit advice on how to grow the economy. Guests convened at 6:45 p.m. in the State Dining Room, but a list of attendees was only released after the dinner began. Several participants have drawn attention during the Obama administration.
  • Apple CEO Steve Jobs named to TIME Magazine’s 100 Most Influential list (cover photo includes Palin)

    05/03/2010 5:01:47 AM PDT · by anita · 60 replies · 1,848+ views
    Mac Daily News ^ | Mon, May 03, 2010 | Macdailynews
    Apple CEO Steve Jobs named to TIME Magazine’s 100 Most Influential list (with cover photo). • Leaders: Sarah Palin, Manmohan Singh and other global movers and shakers • Heroes: The inspiring feats of an urban farmer, an air-traffic controller in Haiti and icons like Bill Clinton • Artists: Lady Gaga, Conan O'Brien and others who make us dance, giggle and retweet • Thinkers: Steve Jobs plus scientists, statesmen and a Supreme Court Justice
  • Former Fannie Mae CEO Admits Failings

    04/09/2010 8:15:25 AM PDT · by Kartographer · 10 replies · 466+ views
    WSJ ^ | 4/9/10 | NICK TIMIRAOS
    Former Fannie Mae executives largely attributed their company's demise to an "impossible" balancing act to satisfy private shareholders and a public mission, in testimony prepared for a congressional hearing. "I wish I could have maintained the delicate balance of the roles assigned to Fannie Mae, and I am sorry that I could not," ex-Fannie Chief Executive Daniel Mudd said in written testimony for Friday's hearing before the Financial Crisis Inquiry Commission. The former Marine and current chief executive of private-equity firm Fortress Investment Group LLC ascended to the top job at Fannie in 2004 after an accounting scandal prompted a...
  • Alcoa Sees $80M Charge for ObamaCare

    04/05/2010 4:44:50 PM PDT · by Need4Truth · 47 replies · 2,169+ views
    The Street.com | 04/05/10 | TSC Staff
    NEW YORK (TheStreet) -- Alcoa (AA) said it expects to take an $80 million charge to cover costs associated with new health care legislation, according to a filing with the Securities and Exchange Commission.
  • Democrats Decry Corporate Revelations on Obamacare

    04/03/2010 9:45:39 PM PDT · by John Semmens · 10 replies · 565+ views
    A Semi-News/Semi-Satire from AzConservative ^ | 3 April 2010 | John Semmens
    The wave of corporate announcements of the special multimillion dollar charges to their income statements that will be necessary to account for the costs of the newly enacted healthcare legislation has sparked anger among Democrat leaders. Obama Administration Secretary of Commerce Gary Locke called the announcements “unpatriotic.” “Although these kinds of adjustments to company earnings may be required under Securities and Exchange regulations, there’s no need for them to be so public about it,” Locke complained. “If people start to think that the new law is more of a burden than a benefit they may turn against the President. So,...
  • Dems to grill execs after health-tax whacks (Embarrassing Nostrilitis should be easy)

    04/02/2010 6:37:35 AM PDT · by Libloather · 27 replies · 947+ views
    NY Post ^ | 4/01/10 | S.A. MILLER
    Dems to grill execs after health-tax whacksBy S.A. MILLER, Post Correspondent Last Updated: 6:25 AM, April 1, 2010 WASHINGTON -- Adding insult to injury, Democratic leaders are hauling CEOs from major corporations before Congress to defend writing off billions of dollars because President Obama's health care overhaul whacks them with a new tax. Rep. Henry Waxman (D-Calif.), chairman of the House Energy and Commerce Committee, fired off a letter to top executives at John Deere, Caterpillar, Verizon and AT&T, calling them to testify about the announced earnings losses caused by a new tax on retiree drug benefits. "The new law...