If you take a job, and perform poorly, and are fired, chances are that you walk away with a “goodbye,” and that’s all. Unless you are a corporate CEO. In that case, being fired is a richly deserved bonanza.
Another day, another small, symbolic victory for the masses in the class war. It is from symbolic victories like these that real victories are often launched.
A wealthy amusement-ride magnate and his partner returned home to their stately manse outside Orlando Wednesday night and were robbed by a trio of men who invaded the house dressed as ninjas.
It's pretty easy to mock protestors when you've already appropriated their tactics to benefit your own business.
Jamie Dimon is one of the most admired CEOs on Wall Street. Under his watch, JPMorgan Chase has been penalized for multiple legal violations, capped by the largest legal fines in banking history. Should Jamie Dimon be fired? Well, if not, his bank should be destroyed.
Maria Rodale, the CEO and chairman of publishing house Rodale, Inc., used to love and to support Barack Obama. She supported Barack Obama so deeply that she not only voted for him twice and attended his first inauguration, she also "paid a lot of money to have my picture taken" with him. And because of this fealty, she would like to have a word with him—or you, actually, Mr. President Barack Obama, since that's who she's addressing in this open letter published today the Huffington Post.
Ron Cohen is the CEO of Sig Sauer, the company that produced one of the guns that was used in Friday's Sandy Hook Elementary school massacre. You have probably never heard of Ron Cohen before. I know I never have. I tried to find a decent picture of him this weekend, but I came up empty. He may as well not exist.
If you were wealthy enough to afford your own private jet, probably the last thing you would want to do is stock it with things that reminded you of Abercrombie & Fitch, right?
Allow us, please, if you will, to direct your attention to this paper on the topic of Can You Believe How Much Motherfucking Money These CEOs Make, And, Even Worse, How They Try to Justify That Shit As If It's All Good. As noted in Gretchen Morgenson's column yesterday, CEOs and the cronies that justify their salaries are, in most cases, full of shit.
According to a new WSJ survey of executive pay here in the US of A, Hooverville capital of the Western Hemisphere, CEOs of some of the world's biggest companies are being underappreciated, when it comes to the height and breadth of the pile of doubloons they are awarded at the conclusion of the fiscal year.
The Wall Street Journal today takes on a thorny question that's wracking the collective consciences of corporate boards from coast to coast: when does a CEO's private hobby become too dangerous? As natural leaders driven to excel and seek thrills in both their private lives and their careers, it's no wonder that many CEOs enjoy flying their own small planes, or even sky diving. Considering the responsibilities they have to their employees and shareholders, should CEOs of huge public corporation really be allowed to engage in risky behavior that holds a chance of serious injury or death?
If you're disappointed by your own unemployment or depressed salary in the post-recession era, at least be heartened that some of your fellow Americans are doing well: According to the Times, CEOs at 200 major corporations made a median $9.6 million last year, with Viacom CEO Philippe Dauman pulling in $84.5 million for the top spot. Yes, corporate profits are way up, and along with them executive compensation; and while the Times notes that "so far, this recovery has not trickled down," we're sure it's only a matter of time! And, until then, absolutely no need to tax the super rich at higher rates. [NYT; image via Shutterstock]
The Way We Live Now: Eatin' Eggos. And that's just the winners among us. We eat waffles in lieu of any better prizes. None are available. Unless you're a hedge fundie, or a vagabond.
