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GOLDMAN'S GOLDEN DEAL
That'll teach 'em, won't it?
The SEC, Wall Street's top regulator, has whacked the mighty Goldman Sachs with one of the largest penalties in financial history. The high-strutting banking conglomerate... [read more]
WHY ARE WALL STREET BANKERS GRINNING?
Banker greed is like ugly on a toad – it can't simply be rinsed off, no matter how much regulatory soap you use.
Congress has now enacted new rules to... [read more]
SURPRISE! THE PEOPLE SPEAK
Michael Duke is the Big Wally of Walmart. As CEO of the low-wage behemoth, he siphons some $19 million a year in personal pay from the global retailer.
How much is... [read more]
CHEVROLET CRASHES CHEVY
Good news, people. General Motors has turned a profit! However, there's bad news, too: GM's top executives are insane. By which I mean bonkers, loopy, bull-goose crazy.
How else to... [read more]
UNITING TO FIGHT CITIZENS UNITED
The problem with being pious in politics is that piety has a way of backfiring – and causing people to snicker at you.
... [read more]
PULLING THE CURTAIN ON THE FED
Surely I'm dreaming. This is beyond a fantasy. It's got to be a hallucination. I don't know whether to weep, shout hallelujah, or just pass out in total disbelief.
But there... [read more]
THE MEDIA'S "BUSINESS MODEL" FOR CEO PAY
Question: In the exotic world of executive suite excess, which gaggle of bosses managed to outgun Wall Street bankers in the size of paychecks they took last year?
Answer: Media moguls.
... [read more]
THE BIGGEST BANK HEIST YOU NEVER HEARD ABOUT
Has your banker stopped by to thank you yet?
Thanks are due, of course, for your share of the $700-billion bailout that we taxpayers provided for the giant banks after their... [read more]
WHO WOULD WANT THIS JOB?
Yes, jobs are hard to come by these days, but don't despair, for here's a company that's hiring – if you can stomach the work.
It's the Talx Corporation, and what... [read more]
In the 1970s, Lily Tomlin developed an iconic comic character she named Ernestine--a telephone clerk who took perverse pleasure from hectoring customers. Her character was a perfect portrayal of the arrogance of AT&T, the monopolistic telephone giant of that day. In one skit on on the TV show, Laugh-In, Tomlin had Ernestine delivering a TV pitch for the corporation:





WALL STREET'S "MOM & POP" BANKERS
Don't cry for Jamie Dimon, America.
As CEO of JPMorgan Chase, this ruling mogul of Wall Street must now cope with the recently-enacted financial reform bill, which imposes a host of... [read more]