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1Bigger Bonehead, Wagoner or Nardelli? 1 Citation Mar.30, 2009 in UncategorizedADVERTISEMENTSRick Wagoner, CEO, GM Career Highlights: -Oversaw a drop in GM's shares from in June 2006 to under in November of 2008. -Elimination and virtual mass-destruction of the fuel-efficient EV1 electric car. -Introduction of dozens of inefficient SUV/truck gas guzzlers at a time when Japan was making more fuel-efficient cars. -Projected elimination of ,000 jobs -In return for great "performance", salary was boosted to .2Million/year in 2008, plus nearly Mi, technorati.com
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Ditched by the Golden Parachute? 7 Reasons to Start a Small Business Now 1 Citation Did someone cut the strings to your golden parachute? It?s happening to a lot of Americans, with the unemployment rate soaring to 8.1%, the highest in 25 years. So what do you do when you no longer have a golden parachute? Well, you can join the ranks of those going into ?forced entrepreneurship.? That?s what Mark V. Cannice, executive director of the entrepreneurship program at the University of San Francisco, calls the flood of people starting new businesses after being laid off. Recession, technorati.com
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1 Citation According to a recent report, 1,484 CEOs left or were fired from their jobs in 2008. But many of these CEOs left with hefty severance packages. These severance packages or ?Golden... ], technorati.com
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Rick Wagoner's golden pension: More bucks for bungling 1 Citation Filed under: Career , Recession , Bankruptcy Former CEO Rick Wagoner will receive roughly $23 million for his pension. While technically not a severance package, it is really from the pension fund. And folks are still outraged over the amount. Pretty good pay for someone who was fired, essentially for running his company into the ground. But really it reflects part of what is wrong with GM and has been for years. The company overpaid its executives and workers. As it built bigger and b, technorati.com
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Questions Congress Should Have Asked AIG CEO Edward Liddy 1 Citation Crossposted from Left Toon Lane , Bilerico Project & My Left Wing click to enlarge My rage from the AIG pompousness has boiled away enough to type. Congress, however, still has me all a temper. Yes there were some tough questions and accusations thrown at AIG but they were all formulated for the best play during their next campaign, not getting to the bottom of the debacle. First of all, I want to know what we need to do to start getting rid of these guys. The severance quest, technorati.com
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Mental Health Parity in the Bailout Boondoggle H. R. 1424 1 Citation This refers to a previous bailout, not to the latest ripoff.H. R. 1424: Emergency Economic Stabilization Act of 2008Here is the full text, and I suggest that everybody read this bill. It was pushed through with only a couple of days debate by lawyers who have little understanding of the workings of Wall Street or The Fed, and who have huge financial interest in the institutions that will benefit from it. To add insult to injury, they tacked a lot of pork barrel spending onto it to BRIBE Congre, technorati.com
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Åt den som haver skall varda givet och om fenomenet att utse syndabockar? 1 Citation fallskärm . Normal 0 21 MicrosoftInternetExplorer4 st1\:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Normal tabell"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font, technorati.com
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Infographic Guide to the Economic Crisis 1 Citation You may be seeing a slight pattern over the past few posts. Yes, the economic crisis is inescapable! Over at Mint.com , the author of Wallstats.com has provided an interesting group of infographic visualizations depicting various aspects of the Economic Crisis. Golden Parachutes: How the bankers Went Down When high-ranking executives are fired from a company, for whatever reason, they typically receive compensation in the form of the ?golden parachute.? Golden parachutes can include, technorati.com
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A.I.G. - Bailout Scandal: Why Are Executives Receiving $165 Million in Bonuses!!! 1 Citation The financial industry really makes me sick. These crappy companies keeping getting bailed out and they have the audacity to issue bonuses to executives who helped tank the company. Why are they being rewarded for poor performance? NY Times report, the American International Group, which has received more than $170 billion in taxpayer bailout money from , technorati.com
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Wagoner Latest CEO to Land with Golden Parachute 1 Citation When General Motors CEO Rick Wagoner stepped down under pressure from the White House, it made big news. What didn?t cause much of a stir were the pension and other benefits he?ll float away with worth roughly $23 million. Wagoner is only the latest in a long list of executives who?ve gotten very rich while their companies tanked., technorati.com
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