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Exploring the paths of power and influence
Subprime prophets rise from obscurityBy A. James Memmott | November 28, 2008After every great crisis, a simple question arises: Who knew? Muck tracker - Hollywood bigs support actor strikeBy Carol Eisenberg | November 25, 2008Several Hollywood icons, including Jack Nicholson, Warren Beatty and Meryl Streep, met last month in a Los Angeles restaurant to discuss a Screen Actors Guild strike with Guild President Alan Rosenberg, reports WaxWord. They were in favor. Congratulations on your big promotion. . .and your cut in payBy Gary Jacobson | November 25, 2008Here’s a switch. XTO Energy, the Fort Worth oil and gas company, promoted two executives last week and cut their pay potential for next year. It also eliminated the chairman’s bonus. South Financial Group’s Mack Whittle offers to renegotiate his retirement dealBy Gary Jacobson | November 24, 2008The curious timing of Mack Whittle’s retirement as CEO of The South Financial Group continues to test the boundary of what constitutes a golden parachute at a bank receiving emergency aid from the federal Troubled Assets Relief Program. Tom Brokaw lives two lives - as journalist and as volunteerBy A. James Memmott | November 23, 2008A sense of fairness is treasured in the news business. But connections are, too. Tom Brokaw, currently the interim host of “Meet the Press,” would seem to have both. Feinberg and Cerberus: out of the frying panBy Laurie Bennett | November 21, 2008What’s in a name? Ask the folks at Cerberus Capital Management, named for the three-headed dog that guards the gates of hell. What’s the difference between a bank and a casino?By Laurie Bennett | November 19, 2008Brought down by subprime mortgages, credit default swaps and other high-stakes games, the financial world is giving Las Vegas a bad name. GM’s Rick Wagoner is in the hot seatBy Laurie Bennett | November 18, 2008Rick Wagoner, a lifelong car guy who has headed General Motors for the past eight years, needs a little respect and a lot of money. Barry Minkow saves souls and makes corporate sinners squirmBy Gary Jacobson | November 17, 2008As a church pastor, Barry Minkow believes in forgiveness and redemption. As a crusader against fraud and resume padding, however, the born again former corporate con man likes to make his targets squirm. Economic meltdown reshapes list of top women in businessBy A. James Memmott | November 13, 2008Crisis management was the name of the game this week, as The Wall Street Journal announced its annual list of “The Top 50 Women to Watch.” Yellowstone Club, resort for the wealthy, seeks bankruptcy protectionBy Carol Eisenberg | November 12, 2008It’s a sign of the times that even the super rich can’t get credit. The housing crisis claims an icon, Lewis RanieriBy Gary Jacobson | November 11, 2008Lewis Ranieri, who pioneered mortgage backed securities when he worked at Salomon Brothers in the late 1970s and more recently warned against their misuse, is the latest victim of the nation’s housing crisis. More money and more government oversight for AIGBy Laurie Bennett | November 10, 2008The federal government today announced a new, bigger bailout for American International Group. Rahm Emanuel brings strong Wall Street ties to White HouseBy Carol Eisenberg | November 7, 2008With his choice of Rahm Emanuel, President-elect Barack Obama is getting not just a politically savvy player, but a man with deep ties to the business community, especially to Wall Street. Harvard won’t let Google scan copyrighted booksBy Carol Eisenberg | November 4, 2008Harvard University is dropping out of Google’s massive book-scanning project involving copyrighted books, citing concerns about reader access.
September 12, 2008
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