Bank Of America CEO Fired As Chairman

Bank Of America CEO Fired As Chairman

Bank of America CEO Ken Lewis has been sh*tcanned from the chairman position, but will remain CEO, says the NYT. Calls for Lewis to resign in shame and go cry alone with his money have been getting louder over the past few months.

I'll Miss Our Soft Talks Together: Sprint CEO Ads To Stop

I'll Miss Our Soft Talks Together: Sprint CEO Ads To Stop

Dan Hesse will no longer be appearing in artsy black and white Sprint commercials, wandering around the city of New York, trying to find his company’s lost credibility. I think his feet hurt. [WSJ]

J.Crew CEO Gives Man 30 Shoes Because They Lied To Him

J.Crew CEO Gives Man 30 Shoes Because They Lied To Him

Paul now has 30 free pairs of sneakers from J.Crew for calling them out on some bullshit.

Thain's $35,000 Commode On Legs Actually Chest Of Drawers

Thain's $35,000 Commode On Legs Actually Chest Of Drawers

Regarding the $35,000 “commode on legs” ex-Merrill-Lynch CEO John Thain bought for his office, commenter VikramJaffe informs me that it is not as I theorized, a claw-footed toilet, but rather a chest of drawers on legs introduced by the French in the early 18th century. Too bad no one informed me of the distinction before I took a crap in it.

Merrill Lynch CEO Spent $1,220,000 On Office Renovation As Company Prepared To Burn

Merrill Lynch CEO Spent $1,220,000 On Office Renovation As Company Prepared To Burn

Merrill Lynch CEO John Thain spent over $1.22 million to renovate his office in early 2008, just as his firm was getting ready to slash thousands of jobs, cut back on spending and dump businesses. Here’s this douchebag’s big-ticket tally of personal aggrandizement in the midst of financial crisis:

Hey Look, It's Contact Info For Walmart's CEO

Hey Look, It's Contact Info For Walmart's CEO

A very nice anonymous reader just sent us contact info for Michael Duke, the new CEO of Walmart (as of February 1st, 2009). Please use it wisely.

https://consumerist.com/2009/01/05/borders-has-fired-their-ceo/

Borders’ has fired their CEO and replaced him with an Amazon Kindle. Ok, not really. They’ve replaced him with “Ron Marshall, a private equity executive with experience turning around ailing companies.” Good luck, Ron. Remember, reading is FUNdamental! [NYT]

https://consumerist.com/2009/01/04/the-new-york-times-has-1/

The New York Times has an article discussing Congressional proposals to limit executive pay. Although the financial industry may deserve a pay cap, the author argues, other industries would be harmed by a cap.

https://consumerist.com/2008/11/21/readdress-your-gripes-walmart-will/

Readdress your gripes! Walmart will have a new CEO, Mike Duke, starting Feb. 1. [CNNMoney]

Fifteen Shocking CEO Severances

Fifteen Shocking CEO Severances

Here’s another tip for our Make the Most of Unemployment guide: if you’re going to get fired, be a CEO. HR World has rounded up 15 of the most shocking golden parachutes given out by big corporations to their departing leaders. Some of our favorites, inside.

This Week In Executive Compensation: $12.2 Million For Mattel's Conniver-In-Chief

Let’s say you run a toy company. Your retarding poison toys earn you a well-deserved public flogging, which you escape by scapegoating Chinese workers. The media doesn’t realize, until it’s too late, that the real culprits are the dangerous domestic designers you employ. Sales inch up marginally. Do you deserve $12.2 million, a 68% raise? Mattel’s Board of Directors thinks so!

https://consumerist.com/2008/04/03/pass-the-hat-around-comcast/

Pass the hat around, Comcast CEO Brian Roberts is only going to make $20.8 million this year. [Philadelphia Inquirer]

An Interview With Sprint CEO Dan Hesse About Customer Service At Sprint

An Interview With Sprint CEO Dan Hesse About Customer Service At Sprint

The author of the BuisnessWeek article “Sprint’s Wake-Up Call”, Spencer Ante, has posted his entire interview with Sprint’s new CEO, Dan “At Least I’m Not Gary Forsee” Hesse.

Walmart Is Starting To Worry

Walmart Is Starting To Worry

“I feel we are well positioned for an economic downturn,” Scott said. “Our low prices and low-cost business model should give us an advantage over other retailers if things get more difficult for consumers.”

3 Reasons Why It's Better To Be A Fired Sears CEO Than It  Is To Be You

3 Reasons Why It's Better To Be A Fired Sears CEO Than It Is To Be You

Bad at your job? So was Aylwin B. Lewis, president and chief executive of Sears Holdings Corp..

Merrill Lynch: We Just Lost $9.8 Billion

Merrill Lynch: We Just Lost $9.8 Billion

Merrill Lynch just lost $9.8 billion.

Sears' Eddie Lampert Is "Worst CEO of the Year"

Sears' Eddie Lampert Is "Worst CEO of the Year"

The fact that Eddie Lampert isn’t even a CEO didn’t stop Herb Greenberg at Marketwatch from slapping the coveted “Worst CEO of the Year” award on him. Eddie beat out such unemployed luminaries as Chuck “Whoops” Prince, formerly of Citigroup, and Ed “I Hate My Customers” Zander, formerly of Motorola.

Comcast CEO Hopes His Company's Horrific Reputation Isn't "Universal"

Comcast CEO Hopes His Company's Horrific Reputation Isn't "Universal"

Fortune magazine has an Q&A with CEO Brian “Bad Install” Roberts in which he expresses his hope that Comcast’s reputation for horrific customer service isn’t “universal”: