To advertise entire categories of food, like “potatoes” or “beef” or “eggs,” the U.S. Department of Agriculture collects money from all producers of that commodity, which the Hass Avocado Board or Mushroom Council then uses to advertise those foods to the public. Now the CEO of the American Egg Board will step down a few months early after e-mails revealed that the American Egg Board was working to keep a new eggless mayonnaise product out of stores. [More]
Weary of all the “fake rowing” controversy, Pfizer has canned Dr. Robert Jarvik (the inventor of the Jarvik artificial heart) as a spokesperson for their blockbuster cholesterol drug, Lipitor.
”We’re trying to reinvent Polaroid so it lives on for the next 30 to 40 years,” Tom Beaudoin, Polaroid’s president, chief operating officer and chief financial officer, said in a phone interview Friday.
Aylwin B. Lewis, CEO of Sears, has been asked to step down as part of Sears’ restructuring plan, says the Chicago Tribune. In a prepared statement, the billionaire hedge fund guy who controls Sears, Eddie Lampert, explained the reason behind Mr. Lewis’ departure:
As far as we are concerned, the function of a movie critic is to let you know (in as entertaining way), whether or not you should drop your hard earned cash to see a movie in a theater, if you should wait for cable, or if you should run screaming in the opposite direction.
Bear Stearns CEO James Cayne is expected to step down as CEO due to pressure by pissed off shareholders , reports the Wall Street Journal.