Cruise Lines’ Problem: You Already Hate Cruises

Cruise Lines’ Problem: You Already Hate Cruises

There are two kinds of people in the world: people who take cruises, and people who have already made up their minds that they hate cruises. The CEO of Carnival Cruise Lines says that it’s his company’s job to find the people in that second category and convert them. [More]

Report: CEOs Earn 345 Times What The Average Worker Takes Home

Report: CEOs Earn 345 Times What The Average Worker Takes Home


While big businesses might be balking at performing all the supposedly complicated math it would require to figure out the ratio between what the CEO makes versus the average employee, the folks at the AFL-CIO just decided to go ahead and figure it out for them. [More]

Here Are Your Sexiest CEO In America Tournament Finalists!

(Cat appears courtesy of Earth2Kim)

Every year, when our Worst Company in America tournament rolls around, some yaysayers wonder why we can’t make it more positive. “Where’s the Best Company in America?” they ask. Things like “good customer service” and “corporate responsibility” are important and all, but no one else is asking the real hard-hitting question: how easy are companies’ chief executives on the eyes? [More]

The 26 Top CEOs Who Made More Than Their Companies Paid In Federal Taxes

The 26 Top CEOs Who Made More Than Their Companies Paid In Federal Taxes

Once again, it’s time for the annual Institute for Policy Studies report on which top CEOs are earning more money than the companies they work for are paying out to federal government in taxes. [More]

Lenovo CEO Turns Fairy Godmother, Hands Over Bonus To Employees

Lenovo CEO Turns Fairy Godmother, Hands Over Bonus To Employees

Yes, both CEOs and Lenovo are frequent targets of our posts. We generally mock CEOs for lavish pay even with dubious accomplishments, and Lenovo for a general inability to sell and support products that consumers seem to really like. Despite our branding them an anti-capitalist prank, the China-based electronics company has had a record year, and CEO Yang Yuanqing received a pretty nice bonus of $5.2 million. So he did something crazy that most of his counterparts in the US would probably never consider: he divided $3 million of that bonus up among 10,000 employees. [More]

$1.9 Million BofA CEO Made In 2010 Wasn't Enough So He Got $8.1 Million Last Year

$1.9 Million BofA CEO Made In 2010 Wasn't Enough So He Got $8.1 Million Last Year

Just as an NCAA hoops power needs a driven coach to lead the way through March Madness, a corporation seeking the Worst Company in America Golden Poo needs a CEO who manages to rake in ludicrous pay raises. [More]

Lawmakers Push For Companies To Disclose Ratio Of CEO Pay To That Of Employees

Lawmakers Push For Companies To Disclose Ratio Of CEO Pay To That Of Employees

Section 953(b) of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act requires publicly traded companies to disclose the ratio of CEO pay as a proportion of the median-paid employee at the firm. And yet, the Securities & Exchange Commission has yet to even propose a regulation for public comment, which would get the ball rolling on enforcing the act. So more than two dozen members of the Congress and Senate have written the SEC asking the agency to act immediately. [More]

Netflix CEO Explains Qwikster Fracas To Catty NYTM Reporter

Netflix CEO Explains Qwikster Fracas To Catty NYTM Reporter

Netflix CEO Reed Hastings stopped off at the New York Times Magazine to engage with a very ornery reporter on what the whole deal with Qwikster was. If the reporter really asked these questions and didn’t just spice them up later to make himself look like a badass, I’m surprised Hastings didn’t punch him in the face. [More]

Former Sears CEO's Compensation Tripled In 2010

Former Sears CEO's Compensation Tripled In 2010

Back in February, the Sears Holding Company named Louis J. D’Ambrosio, formerly of IBM and of Avaya, its new CEO. As the company continues to struggle for profits and relevance, the Associated Press determined that W. Bruce Johnson, interim CEO from 2008 until this year, got a huge raise in 2010, which more than tripled his pay. For what? Not improving customers’ satisfaction with Sears, if our mailbox is any indication. [More]

Google Plays Game of Musical CEOs

Google Plays Game of Musical CEOs

Neglecting the standard mysterious departure-accompanying explanation “I’d like to spend more time with my family,” Google CEO Eric Schmidt announced he’s stepping aside to make way for Google co-founder Larry Page, who will take over April 4. [More]

Tell When A CEO Is Lying

Tell When A CEO Is Lying

To tweak an old joke, how can you tell when a CEO is lying? A: When their mouth is moving. Or, you can look for certain key phrases, as researchers did in scrutinizing what was said in corporate earnings calls by executives who later had to restate earnings. They found a few patterns: [More]

CEO Says He Will "Make Digg As Good As It Used To Be"

CEO Says He Will "Make Digg As Good As It Used To Be"

Here’s the latest dispatch from contrite-CEO-land. The social news site “Digg” has a new CEO and he started things off with an admission that the site isn’t as good as it used to be, but promises that fixing things is his top priority. [More]

CEOs Who Fire More Workers Earn More

CEOs Who Fire More Workers Earn More

An analysis of executive pay found that CEOs of the 50 firms that laid off the most workers since the beginning of the economic meltdown earned 42% more than the average pay for an S&P 500 company. Correlation doesn’t imply causation, but it’s food for thought, especially for those in the bread line. [More]

The CEOs Who Suffered The Most Massive Pay Cuts Last Year

The CEOs Who Suffered The Most Massive Pay Cuts Last Year

There are pay freezes and then there is the CEO Paycheck Shrink Ray. CNN lists the CEOs who were the biggest victims of the latter. [More]

Oracle, Apple, Capital One CEOs Rank Among Decade's Top Earners

Oracle, Apple, Capital One CEOs Rank Among Decade's Top Earners

Being POTUS makes you age prematurely, and Lady Gaga is stuck in a 360 deal that takes a cut of everything she does. Screw that, I wanna be CEO. The Wall Street Journal has listed the top paid CEOs of the last decade, which is topped by Oracle CEO Larry Ellison at $1.84 billion. Steve Jobs comes in fourth with $749 million, and Capital One’s Richard Fairbank is fifth at $569 million. The WSJ also notes that “four of the top 25 CEOs worked at financial companies, two on Wall Street.” [More]

Get Shoved By The CEO Of eBay, Receive $200,000?

Get Shoved By The CEO Of eBay, Receive $200,000?

The NYT is reporting that Meg Whitman, former CEO of eBay and current Republican candidate for governor of California, allegedly shoved an employee who didn’t do a sufficient job of preparing her for an interview with Reuters. [More]

Spirit CEO Justifies Carry-On Bag Fees

Spirit CEO Justifies Carry-On Bag Fees

Executives love to justify price increases or staff reductions by hauling out the customer service argument, because then any complaint you make can be framed as self-defeating. (“Don’t you want better service?”) On that note, Spirit’s CEO Ben Baldanza told travel blogger Christopher Elliott last week that the new carry-on bag fee is really intended to reduce gate delays. Remember to send a thank-you card to Baldanza. [More]

New General Motors CEO To Receive $9 Million Compensation Package

New General Motors CEO To Receive $9 Million Compensation Package

Ed Whitacre, new CEO of General Motors, will receive a $1.7 million salary and $9 million total compensation package. That’s about twice what his predecessor Fritz Henderson received. Don’t cry for Henderson, though–he’s making almost $3,000 per hour consulting for GM for twenty hours a month. [More]