CEO

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This Man Makes More Than You Would in 3.5K Years
 This Man Makes 
 More Than You 
 Would in 3.5K Years
IN CASE YOU MISSED IT
May 27, 2012 7:00 PM CDT

This Man Makes More Than You Would in 3.5K Years

David Simon's 2011 pay package worth more than $137M

(Newser) - You might want to wait to read this until you're somewhere it's OK to scream: It would take the average American worker 3,489 years to make as much money as one top CEO took home in just one year. David Simon of shopping mall developer Simon Property...

Yahoo Ex-CEO: I Have Cancer

Illness linked to decision to step down

(Newser) - In a surprise revelation, former Yahoo CEO Scott Thompson has told board members and colleagues that he has been diagnosed with thyroid cancer, sources tell the Wall Street Journal . Thompson stepped down as CEO after it was discovered that he did not have a college degree in computer science, as...

Yahoo Board Probes CEO&#39;s Fake R&eacute;sum&eacute; Debacle
Yahoo Board Probes CEO's Fake Résumé Debacle
UPDATED
May 8, 2012 7:39 AM CDT

Yahoo Board Probes CEO's Fake Résumé Debacle

Scott Thompson apologizes; director in charge of vetting to step down

(Newser) - Yahoo’s board is investigating the mess surrounding CEO Scott Thompson’s inflated résumé , and is hiring a law firm to oversee the matter, the Wall Street Journal reports. After shareholder Third Point LLC discovered Thompson has only an accounting degree, rather than a degree in computer science and...

Yahoo CEO Accused of Inflating Resume

Scott Thompson doesn't have computer science degree, shareholder discovers

(Newser) - Activist Yahoo shareholder Dan Loeb appears to have vetted CEO Scott Thompson more carefully than the company's board did. In his bio and regulatory filings, Thompson claimed to have a double degree in computer science and accounting from Stonehill College, but his only degree is in accounting, Loeb discovered....

Zynga Blows $1.4M on CEO Security

With a decent chunk going to his own security company

(Newser) - Zynga CEO Mark Pincus must be a really important guy, because his company is spending a whopping $1.37 million on his personal security, the Wall Street Journal reports. Of that, $596,000 went to a company owned by—you guessed it—Pincus himself. In regulatory filings, the firm says...

Another Steve Jobs Doll Is Out

The iCEO is going for $60

(Newser) - Cuddle up with your favorite CEO: A 15-inch plush stuffed doll of the late Steve Jobs is now for sale. The "iCEO," released by pillow company Throwboy , will set you back $60. It features removable glasses, a black turtle neck, and real denim jeans, reports Mashable . The toy...

CEOs Get Paid Big Bucks to Sit in Meetings, Eat Lunch
CEOs Get Paid Big Bucks to Sit in Meetings, Eat Lunch
study says
Feb 14, 2012 11:58 AM CST

CEOs Get Paid Big Bucks to Sit in Meetings, Eat Lunch

Study finds they spend a third of their time in meetings

(Newser) - It's no big secret that CEOs can make completely ridiculous amounts of money; what is less obvious to some is what they do that's so darn valuable. A group of London School of Economics and Harvard Business School scholars decided to dig into one aspect of CEOs' work...

Sorry, Mitt, America Isn&#39;t a Business
 Sorry, Mitt, 
 America Isn't 
 a Business 
Paul Krugman
Jan 13, 2012 1:27 PM CST

Sorry, Mitt, America Isn't a Business

The goal isn't to boost profits: Paul Krugman

(Newser) - Mitt Romney is running on the premise that America needs a successful businessman to become CEO and turn it around. There's a glaring flaw in that argument, writes Paul Krugman of the New York Times : "America is not, in fact, a corporation. Making good economic policy isn’t...

America's Top CEOs Had a Nice Fat 2010

How nice? Their compensation jumped 27% to 40%

(Newser) - Today, in Depressing Coincidences in Journalism, we're greeted with the news that nearly 50% of Americans are living below the poverty level or very close to it—and the news that America's top CEOs saw their 2010 pay jump a crazy 27% to 40%. The latter revelation comes...

Virginia Rometty Named First Female CEO of IBM
 IBM Names First 
 Female CEO 
Oct 26, 2011 8:51 AM CDT

IBM Names First Female CEO

Global sales boss Virginia Rometty to take reins next year

(Newser) - IBM, long seen as a slow-moving boys’ club, has named its first female CEO. Global sales head Virginia Rometty will take over from Sam Palmisano in January, making IBM the highest-valued US corporation run by a woman, Reuters reports. Industry and Wall Street observers applauded the decision, which retains Palmisano...

Meg Whitman to Take Over at Hewlett-Packard?

Insiders say strugging company may dump CEO Leo Apotheker

(Newser) - Meg Whitman may have lost out on her bid to be governor of California, but she might soon be back in a high-profile business post, reports Bloomberg . It quotes anonymous sources who say Hewlett-Packard's board may fire CEO Leo Apotheker and replace him with Whitman on an interim basis....

Good Luck Finding a New CEO, Yahoo
 Good Luck Finding a New CEO, Yahoo 
Analysis
Sep 8, 2011 3:44 PM CDT

Good Luck Finding a New CEO, Yahoo

The job has been something of a career death trap: Analysis

(Newser) - Yahoo’s dismissal of Carol Bartz has left Peter Lauria of Reuters with a question: “Why would anyone want to be Yahoo’s CEO?” The place has become a career death trap, with past CEOs like Bartz, Jerry Yang, and Terry Semel emerging with bruised reputations. “They are...

Yahoo Fires CEO Carol Bartz ... Over the Phone

She's gone after 30 months of disappointing results

(Newser) - Yahoo's high-profile CEO is gone, and it doesn't sound like a happy split. "I am very sad to tell you that I’ve just been fired over the phone by Yahoo’s Chairman of the Board," Carol Bartz wrote in a company email today, according to...

Ex-Pizza CEO Herman Cain Joins 2012 Race

Former Godfather's exec has never won elective office

(Newser) - The pizza man is in, too. Former Godfather's CEO Herman Cain declared today that he's running for president in 2012, reports the Christian Science Monitor . Having never won elective office, the conservative Cain is, of course, a huge long shot, writes Peter Grier. But he's also a...

Citi Boss Vikram Pandit Scores Huge Bonus

He'll make at least $23.2 million; had been earning $1

(Newser) - Vikram Pandit isn’t the lowest-paid guy on Wall Street anymore. Citigroup has rewarded its CEO, who has worked for a token $1 salary for the past two years, with a massive retention package. If the company hits its estimated performance, Pandit will make $23.2 million in stock and...

CEO Salaries Climb Above Pre-Recession Levels

Average S&P company doling out $9M

(Newser) - Did you know there was some kind of recession recently? You wouldn't, if you looked at CEO paychecks. CEOs were paid more last year than they were in 2007, when unemployment was at half what it is now and the stock market was at record highs, the AP reports....

GoDaddy CEO's Elephant Hunt Prompts Fury

He cites humanitarian effort behind graphic video of killing

(Newser) - GoDaddy.com's chief executive is facing viewers' wrath after he posted a graphic video of himself hunting an elephant. In the clip—see it here at the Huffington Post—CEO Bob Parsons cast the hunt as a “humanitarian” mission. Many Zimbabweans “die each year from starvation,” thanks...

Deutsche Bank CEO: Female Execs Will Make Things 'Prettier'

Josef Ackermann's remark has not gone over well

(Newser) - The CEO of Deutsche Bank has elicited howls of outrage for commenting that a law to require more women in German boardrooms would make business "more colorful—and prettier," Der Spiegel reports. Josef Ackermann made the comments in response to a proposed quota for the proportion of women...

Eric Schmidt Out as Google CEO—With $334M Payday

Co-founder Larry Page will take over in April

(Newser) - Google made a surprise shuffle at the top today when announcing its quarterly results: Eric Schmidt is stepping down as CEO and will be replaced by co-founder Larry Page, reports MarketWatch . Schmidt will remain with the company as executive chairman, while Page's co-founder, Sergey Brin, will take a bigger role...

Pfizer CEO Jeffrey Kindler Replaced in Surprise Move

Unexpected move likely ouster: analysts

(Newser) - Pfizer abruptly replaced its CEO and chairman yesterday, saying Jeffrey B. Kindler was retiring after 4.5 years leading the world's biggest drugmaker to "recharge." Analysts saw the unexpected departure as an ouster, however, coming amid repeated failures from Pfizer's labs to produce new, much-needed blockbuster drugs, multiple...

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