Archive for the ‘Business Stories’ Category

GM’S GIRSKY PAID $1.4M IN ATTEMPT TO SAVE SATURN

By Mark Kleis According to recently revealed documents as a result of General Motors’ IPO filing with the SEC, it has been confirmed that Stephen Girsky was compensated $1.4 million for consulting work aimed at saving the Saturn brand. Prior to joining GM as a member of the adviser board, analyst Stephen Girsky was approached by the […]

The Layoff Kings: The 25 Companies Responsible for 700,000 Lost Jobs

Between December 2007 (when the recession officially began) and last month, more than 8 million Americans have lost their jobs, according to the government. Of those job losses, 700,000 stem from layoffs at just 25 companies, according to 24/7 Wall Street’s analysis of data from employment consulting firm Challenger, Gray & Christmas. Here is the list: […]

The 20 Most Outrageous CEO Parachutes

$35 million for bogus expense reports? Mark Hurd’s H-P payoff was just another routine day in the life of corporate America. How his parachute stacks up against 20 all-time malfeasants. Former Hewlett-Packard CEO Mark Hurd may be hurting from the media swirl around his alleged relationship with a contractor and false expense reports, but his wallet will […]

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