April 2009
American International Group plans sale of U.S. auto business, 21st Century Insurance, to Zurich Financial Services
US taxpayer-bailed out insurance giant American International Group Inc. (AIG) is in advanced talks to sell its US personal lines insurance business, 21st Century Insurance, to Zurich Financial Services for about $2bn. Selling the unit, which includes ...
March 2009
Institute of International Finance (IIF) says Financial Services Firms Move to Implement Compensation Reforms!
Financial services firms are moving forward with far-reaching changes in their approaches to employee compensation, said the Institute of International Finance (IIF). Firms are proceeding with reforms that are both in line with the principles published...
Starbucks Howard Schultz's Details Strategy for Profitable Growth
Operational and Brand Initiatives Gaining Traction Company Further Refines Focus and Expects Record Free Cash Flow of $500 million in 2009 Starbucks Corp. Chief Executive Howard Schultz on Wednesday promised shareholders the gourmet coffee company will...
AIG CEO Edward Liddy says employees starting to return bonuses: Congressional Questioning
AMERICAN International Group has asked staff to return at least half of the controversial bonuses handed out recently. The head of financially strapped AIG Edward Liddy is telling Congress he’s heard the rage over executive bonuses and has called...
January 2009
Layoffs hits U.S. economy: Spread to More Sectors of the Economy!
On Jan. 26, U.S. companies slashed nearly 60,000 jobs new layoffs were announced at companies as varied as telecom giant Sprint Nextel, construction equipment maker Caterpillar, semiconductor manufacturer Texas Instruments, and pharmaceutical house Pfi...
December 2008
What is Ex-Willbros James K. Tillery U.S. Bribery Conspiracy?
I am curious as to how the Feds plan to prove this case James K. Tillery, 49, the former President of Willbros International, Inc., a unit of Willbros Group Inc., the Panama-based provider of oil and natural-gas services, based in Houston, Texas, was c...
Former CEO of Dubai International Film Festival Neil Stephenson sues Abdulhamid Juma and Shivani Pandya!
The former CEO of the Dubai International Film Festival (DIFF) Neil Stephenson is suing two former senior colleagues for libel amid allegations of calling him a “racist” and an “Arab hater.” The major legal action, launched in t...
November 2008
AIG restricts CEO compensation or its just a publicity stunt!
Give me a break! It’s a publicity stunt. Get people looking at the CEO, or the “top 5″ and ignoring the rest of the company. They probably have hundreds, if not thousands of executives making high 6 figure salaries and huge bonuses. ...
Dr. Thomas J. Saporito Named CEO of RHR International
RHR International Company, a world leader in executive and organizational development, announced today the election of Thomas J. Saporito, Ed.D., to the position of Chief Executive Officer, an office formerly held by RHR Chairman A...
September 2008
L. Dennis Kozlowski and Mark J. Swartz Seek End to Jail Terms!
Attorneys urged New York’s top court to overturn the convictions of former Tyco International chief executive officer L. Dennis Kozlowski and chief financial officer Mark J. Swartz, saying they were wrongly convicted at a flawed trial of fraud a...
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