Archive for the ‘Business Stories’ Category
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: […]
In: Business Stories · Tagged with: Alcoa, Berkshire Hathaway, Circuit City, Circuit City Stores, Dhl Express, Dow Chemical, Employment Consulting, Ford Motor, Job Layoffs, Jpmorgan Chase, Kb Toys, Lehman Brothers, Merrill Lynch, Recession, Sprint Nextel, States Postal Service, Sun Microsystems, United States Postal Service, Usa Number, Verizon Wireless
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 […]
In: Business Stories · Tagged with: Bp Ceo, Bruce Karatz, Ceo Mark, Fannie Mae, Franklin Raines, Henry Mckinnell, Home Depot, Mark Hurd, Merrill Lynch, Michael Eisner, O Neal, Parachutes, Paragons, Robert Nardelli, Routine Day, Severance Package, Total Value, Unitedhealth, Whipping Boy, William Mcguire
HP CEO, Mark Hurd, Resigns
HP CEO Mark Hurd has resigned, leaving CFO Cathie Lesjak to run the company on an “interim basis.” The reason for quitting? He was told to leave by legal counsel due to an investiagtion of sexual harassment against him by an outside contractor. According to the press release, “the investigation determined there was no violation […]
In: Business Stories · Tagged with: 192, Base Salary, Business Conduct, Cash Bonus, Ceo Mark, Doldrums, Effective Leader, Financial Integrity, Hp Ceo, Hp Hp, Instances, Interim Basis, Legal Counsel, Lesjak, Mark Hurd, Painful Decision, Quarter Financials, Sexual Harassment Cases, Sexual Harassment Policy, Wage Freeze
