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Current Topic: Business

Yahoo! News - Survey finds Jobs highest-paid exec
Topic: Business 8:13 pm EDT, Sep 26, 2002

"A recent report published by Economic Research Institute and CareerJournal.com tracks executive compensation, and there was an interesting footnote -- the highest paid executive on the survey was Apple CEO Steve Jobs ( news - web sites), even though he's not actively collecting a salary in his role.

The report said that Steve Jobs was the highest paid executive for the most recent survey period -- although he collected no salary, he did get a US$43.5 million bonus, according to the data collected.
"

Yahoo! News - Survey finds Jobs highest-paid exec


Funky accounting at the Federal Reserve?
Topic: Business 2:50 am EDT, Sep 15, 2002

Interesting read about how the Federal Reserve operates.

Funky accounting at the Federal Reserve?


Porn company offers to buy Napster
Topic: Business 11:54 pm EDT, Sep 12, 2002

Private Media Group, a publicly traded adult entertainment site based in Spain, on Thursday said it has made an offer to acquire the assets of defunct song-swapping site Napster.
...
Private Media Chief Executive Charles Prast said in the statement that copyright infringement is a major issue in the online adult entertainment industry as well as for the music and movie industry.

"Acquiring Napster is our way of entering the peer-to-peer marketplace for adult content in a closed environment," Prast said.

Porn company offers to buy Napster


The sin of arrogance - Why congomerates fall apart
Topic: Business 11:53 pm EDT, Sep  5, 2002

what goes around comes around. Here's why size isn't a strategy and conglomerates are doomed from the beginning:

The sin of arrogance - Why congomerates fall apart


Companies that cooked books may be able write off fines
Topic: Business 2:12 pm EDT, Sep  3, 2002

The slew of companies caught red-handed in this year of corporate sleaze face potentially colossal legal claims, but they may enjoy pleasant reprieves next year — huge tax breaks from Uncle Sam.
...
The IRS’s conclusion: “The amounts paid by Taxpayer pursuant to the settlement are currently deductible.”
...
“People are going to be upset when they hear companies can deduct these expenses,”

Companies that cooked books may be able write off fines


Hooters in the air?
Topic: Business 9:47 am EDT, Aug 15, 2002

Will Vanguard Airlines, known for its low fares, and Hooters Girls, known for their high-cut shorts, soon be corporate cousins?

Hooters of America Inc. chairman Robert H. Brooks is thinking about buying Vanguard, the Kansas City-based discount carrier that filed for bankruptcy protection and grounded its fleet last month. On Wednesday, a bankruptcy judge told Brooks he can give Vanguard $50,000 per week for the next three weeks to pay a skeleton staff, while Brooks examines the company's books and decides if he wants to buy.

We are talking about some flying now! :)

Hooters in the air?


Executive suites available on Alcatraz
Topic: Business 3:38 pm EDT, Aug  2, 2002

As angry as I have been about the continuing revelations of corporate fraud unfolding, I've tried to restrain myself.

As a member of the San Francisco corporate community, I have a specific suggestion.

Let's reopen Alcatraz for this entire crop of corpo-criminals.

Executive suites available on Alcatraz


CEO Sickening
Topic: Business 11:40 am EDT, Aug  1, 2002

Deadbeat CEOs plague companies
Huge sums lent to executives may never be paid back

CEO Sickening


Factiva CEO: News will cost in two years
Topic: Business 3:30 pm EDT, Jul 30, 2002

Consumers will be coughing up for all online media content by 2004, according to Factiva CEO Clare Hart, who sees a two-year turnaround for ISPs to get with the paid-for-content program.

“In two years we will see a turnaround in the consumer market. It’s going to take some time for publishers to build the infrastructure to bill consumers. In the meantime, consumers are going to learn that they have to pay, business users on the other hand have know this for a long time.”

Factiva CEO: News will cost in two years


Warren Buffett on the move again...
Topic: Business 1:29 pm EDT, Jul 29, 2002

Dynegy Inc. (DYN.N), a cash-strapped power trader fighting to stay alive, said on Monday it was selling its Northern Natural Gas pipeline for $928 million to a company controlled by billionaire investor Warren Buffett.

Warren Buffett on the move again...


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