Once again, CNN Money & Fortune Magazine has come up with the Top 100 Companies to work for list. This year, an entrant that’s been on every list since they began charting this has moved into the #1 spot for the first time. I can’t lie, I never heard [...]
The Treasury Department today gave GMAC Financial Services another $3.79 billion dollars, bringing the total amount they’ve been given to more than $16 billion and, in effect, giving the government 56% ownership in the company. Who needs a quick loan?
Supposedly, this new money is to help shore GMAC up to [...]
On Thursday, the “Pay czar” of the United States (I didn’t even know we had such a thing) decided to slash the salaries of those bank executives from banks that the administration gave bailouts to. These slashes were drastic, and were in response to bonuses that had to be paid [...]
Something I always find funny is how both hospitals and companies get charged with something, agree to pay a fine or a settlement, then officially state that they didn’t do it.
In this case, General Electric was charged by the SEC for improper accounting practices that made their company look more successful [...]
No, not Bud Abbott, but Abbott Laboratories, who just lost a $1.67 billion dollar jury-awarded judgment against Johnson & Johnson for patent infringement. Humira, Abbott’s pharmaceutical that blocks tumor necrosis factor, related to arthritis, is the culprit, as the jury found that Abbott had stolen part of a study J&J [...]
Time Magazine’s online magazine has a new story titled Top Ten Crooked CEOs. It actually comes out being 11, since the very first one they show is actually two people, Kenneth Lay and Jeffrey Skilling of Enron.
Just to throw this in, I always had a feeling that Kenneth Lay was [...]
I never thought I’d be writing any posts about Twitter on this blog. However, there’s no doubt that Twitter is not only a business, at least will be considered one once someone figures out how to monetize it, but is used for business purposes in more than one way.
Let’s start [...]