2010 & 2011 LATEST ECONOMIC & BUSINESS NEWS & EVENTS
12/31/2011 Two more pathetic years for the middle class come to an end. What will 2012 bring, we always hate being the bearer of bad economic news, but some things just never change.
12/21/2011 We have located his contact information for you, along with the CEO and entire executive team at T-mobile whose headquarters are in Washington. Winding down the year with a Christmas holiday cheer! The Justice Department announced a $335 million settlement with Bank of America Wednesday over discriminatory lending practice at Countrywide Financial. As quick as news comes in with a cheer, ever more comes with a jeer. In 11 days, a provision will expire that could cause millions of jobless Americans to lose a critical lifeline next year.
12/15/2011 An investigation into an online pedophile ring spanning 22 countries has resulted in 112 arrests and the identification of 269 suspects, following an international investigation. How can anyone continue to cause innocent children unnecessary suffering?
12/15/2011 In the last 4 years, 3.6 MILLION Americans have lost their homes in foreclosure, yet CEO pay jumps 36.5%. After two years of lower pay packages, chief executives at the nation's major companies enjoyed a 36.5% jump in pay last year, according to a leading survey of CEO compensation.
12/06/2011 Merry Christmas... YOU'RE FIRED! Citigroup will lay off roughly 4,500 employees over the next few months, CEO Vikram Pandit said Tuesday, as Wall Street continues to bleed jobs amid tough economic times. Financial stress is one of the top reasons for divorce.
11/30/2011 The 2011 layoffs already topped last year's total.
11/18/2011 Another round of bank layoffs, CEO's profiting millions from ridiculous salaries while another 75,000 coworkers are being toss aside on Wall Street.
11/17/2011 Jerry Sandusky (aka Penn State Pedophile) and Bernie Fine's Contact Information have been located as well as Progressive and Geico CEOs. Even though Sandusky is not a CEO, his contact information seems to be high in demand, so we have published the public information for you, along with LegalZoom's company contact information.
11/4/2011 We condemn the protest violence in Oakland. Violence downs out the validity of the cause. About 13.9 million Americans were still out of work last month.
10/31/2011 Happy Halloween. It is unknown how many people visited CEO's houses for candy.
10/22/2011 From 1948 until 2007, the average duration of unemployment was 13.5 weeks. Today, it's 40.5 weeks. In 1952, corporate taxes were 6.1% of GDP, in 2009, corporate taxes were 1% of GDP. Nationwide real estate values have declined by about $7 trillion since 2006. 5.5 million Americans are unemployed and not receiving unemployment benefits. Last year, that number was 1.4 million.
10/18/2011 7 billion mouths to feed daily, and counting. The economy cannot sustain the population growth of this planet, It is expected to add another billion people in the next 10 years. The world population continues its rapid ascent, with roughly 75 million more births than deaths each year
10/7/2011 The "Occupy Wall Street" protests have spread to New Orleans. Yesterday thousands marched through the CBD to the front of City Hall where they held a rally and voiced their grievances regarding corporate greed, government corruption, and joblessness. Maybe everyone should be "occupying" a CEO's street. Like the 30,000 being laid off should wait in front of Brian Moynihan's house so he has to drive by them every day and look into their eyes and see their faces.
10/5/2011 Brian Moynihan says people need to understand the bank has a "right to make a profit." The 30,000 people you laid off/planning to lay off have a right to be pissed off that you didn't add that fee to save those jobs, you added the fee to keep your over paid executive salaries and not your common workers. For every $1,000,000 an executive makes, that is the equivalent of 30 $30,000 jobs and them still keeping $100,000 of it. So Jamie Dimon's (JP Morgan Chase CEO) $20.8 million equals 600 jobs plus him still keeping $2.8 million. So if we do more math about the rest of the executives and over paid underachievers, I'm pretty sure that "right to make a profit" is more about your "GREED" than anything else."I have an inherent duty as a CEO of a publicly owned company to get a return for my shareholders," Moynihan said. Notice, his loyalty is to the shareholders, not the company, the customers, or employees, because he is a huge shareholder.
10/4/2011 As 2011 starts winding down, the banks start winding up the fees again. Citi doesn't waste time adding fees and making Bank of America's fees look "affordable". Starting in December, customers who hold its mid-level Citibank Account will be charged $240 a YEAR if they fail to maintain a minimum balance of $15,000 in their combined accounts. At the same time, customers who have the bank's EZ Checking account will start being charged $180 a YEAR if they don't carry a minimum balance of $6,000. Last month, Citi said it is hiking the fee on its Basic Banking account from $8 to $10.
10/3/2011 Occupying Wall Street, demanding accountability. Hero Vincent has a dream: to see the titans of Wall Street trade their palatial office suites for a row of dank prison cells. The crime? Theft. Stealing billion-dollar, taxpayer-funded bailouts. Getting rich on your dime while you struggle to make ends meet. And if you're tired of standing by while the rich get richer and the middle class crumbles, he has a suggestion: Take it to the streets.
9/26/2011 Top 10 highest-paid bank CEOs J.P. Morgan Chase's Jamie Dimon made $20.8M in 2010, a hefty 1,541% increase from the dark paydays of 2009. See which other bank executives raked in big bucks last year.
- Jamie Dimon: $20.8 million (JP Morgan Chase Chief Executive Officer)
- Robert P. Kelly: $19.4 million (Bank of New York Mellon CEO)
- John Stumpf: $17.6 million (Wells Fargo/Wachovia CEO)
- Ken Chenault: $16.3 million (American Express Chief Executive Officer)
- Richard K. Davis: $16.1 million (U.S. Bancorp CEO)
- James Gorman: $14.9 million (Morgan Stanley CEO)
- Richard D. Fairbank: $14.9 million (Capital One Chief Executive Officer)
- Lloyd Blankfein: $14.1 million (Goldman Sachs CEO)
- C. Robert Henrikson: $13.9 million (MetLife CEO)
- James E. Rohr: $11.6 million (PNC Financial Chief Executive Officer)
9/22/2011 HP CEO Leo Apotheker on the job for less than 1 year, and takes home nearly $30 MILLION. He has already taken home most of his $1.2 million annual salary, a $4 million signing bonus, and an additional $4.6 million awarded for relocation assistance and to offset payments that he forfeited from his previous employer, SAP. He'll collect more money on his way out the door. The former CEO will take home $7.2 million in cash as severance, plus $18 million more in stock.
9/22/2011 America lost 4.4 MILLION jobs before Obama took office. Americans lost another $4.3 MILLION jobs in 2009. MORE THAN 7 MILLION JOBS GONE FOREVER. This did not stop Bank of America from cutting another 30,000 jobs, while continuing to "ROB" their customers and employees. Their CEO, Brian Moynihan received a $9 MILLION dollar bonus at the beginning of the year. That bonus alone would have saved hundreds of jobs. 2011 is winding down, but the economy cannot sustain the planet's overpopulation. The world's economy is not big enough to provide jobs to everyone who wants one. Reality is. This problem cannot be fixed.
9/02/2011 Back to reality and the constant bad news:
Zippo. Nada. Goose egg. The big fat one. That's how many jobs the economy added in August. And that is really bad news. Economists typically estimate the nation needs to add about 150,000 jobs each month to keep up with population growth alone. About 42.9% of unemployed Americans have been out of work more than six months.
9/01/2011 RARE Good News: The Federal Reserve sanctioned Goldman Sachs on Thursday, saying the investment bank must investigate questionable lending and foreclosure practices in its former mortgage unit. The action orders Goldman to review foreclosure proceedings by Litton Loan Servicing between 2009 and 2010 to address "a pattern of misconduct and negligence relating to deficient practices," the Fed said. The Fed said Goldman will be required to compensate any homeowners that were found to have been harmed financially by the alleged misconduct. The central bank also said it plans to announce monetary penalties against Goldman.
8/26/2011 400,000 businesses closed their doors in 2009. 96,000 more closed their doors in the first 3 months of 2010. In the mean time, Best Buy entire executive list and contact information published today. Commission Junction CEO and Executive contact information also located, courtesy of CelebrityAddressAerial.com
8/20/2011 Bank of America is cutting 3,500 jobs, on top of thousands of job cuts that have already occurred this year, the company said Friday. The job cuts will be in addition to the 2,500 that have already occurred. This rival's American Express' constant lay offs. Bank of America shares are down more than 47% so far this year. The cuts are obviously to keep high executive salaries and shareholder value. Please feel free to contact Bank of America, with any questions. See 07/11/2011 entry for further information about this blow to hardworking Bank of America employees.
7/21/2011 The girlfriend of the CEO (Jonah Shacknai) of pharmaceutical company Medicis Pharmaceutical, has been found dead at his mansion (1043 Ocean Blvd. Coronado, California 92118) near San Diego, prompting an investigation by homicide detectives, police said Thursday. Pharmaceutical company Medicis Pharmaceutical is an Arizona-based company and is the maker of the acne treatment Solodyn and wrinkle-filler Restylane. We have published his contact information for you.
7/11/2011 Chief Risk Officer Bruce Thompson received $11.4 million in compensation in 2010, the most awarded to an executive at the bank (Bank of America) and this year he was promoted to chief financial officer. His stature isn't an anomaly
7/05/2011 Facebook CEO Mark Zuckerberg promised that Facebook would "launch something awesome" next week. The social networking CEO has called a press conference to release the details. Be sure to "Contact The CEO" if you don't like the awesome news. As always we have the most accurate, and FREE, contact information for the biggest names in business.
6/29/2011 Contact The CEO is seeking women to come forward with evidence of having an affair with any of the CEO's listed on our website. Post your story about having an affair with a CEO on our blog. It is completely anonymous, and we will never share our sources, and because we are not bound to any U.S. law and our site offers even additional protection against having to reveal our sources. We will review all information and contact you with further details about receiving compensation for sharing your affair story. We obviously will pay you in cash, something that these CEOs have been sucking out of the U.S. economy at an unbelievable rate.
5/16/2011 CEOs are still hiring, and confident about the economy, but it's disillusionment. All but one CEO said they were more confident about the economy. And only one said his firm wasn't planning on hiring. "The run up of gasoline and diesel prices is taking meaningful buying power away from consumers. That specific inflation knows no economic class boundary but will affect the lower wage earners the most," said David Haffner, CEO of Leggett & Platt (LEG), a Carthage, Mo.-based maker of bedding and other home furnishings. "Until the Federal government seriously addresses the entitlement programs and the military budget, this country will continue to run serious deficits," said Ted Peters, CEO of Bryn Mawr Bank (BMTC), a Pennsylvania lender that didn't take any bailout funds.Most CEOs seemed cautiously optimistic that the government will finally agree on a plan to fix many longer-term economic challenges.But Doug Ober, CEO of Adams Express (ADX), a closed-end fund in Baltimore that invests in U.S. stocks, isn't so sure.He's the only CEO in the survey who said he's less confident now than a year ago. "If this growing deficit is not dealt with, the bond markets will crumble and the dollar will no longer be the world reserve currency," Ober said.
5/11/2011 AT&T CEO, Randall Stephenson, T-Mobile USA CEO Philipp Humm and, Sprint Nextel CEO, Dan Hesse battle it out on Capital Hill, whining about the merger issue with T-Mobile.
5/10/2011 Skype purchased by Microsoft for $8.5 BILLION dollars. Contact Skype CEO's for FREE!
5/8/2011 NEW YORK (CNN Money) -- Despite the Great Recession, which wiped out $15.5 trillion in household wealth in the United States alone, the number of millionaires in this country and abroad will grow rapidly over the next decade. The number of millionaire households is expected to return to pre-crisis levels by 2015 and reach 20.6 million in 2020, maintaining the U.S.'s position in the top spot. Within the U.S., California will likely have the most number of wealthy households by 2020, while Wyoming is forecast to have the fewest.
4/21/2011 GM's Whitacre gets $5 million for 9 months work. Edward Whitacre, the former chief executive officer of General Motors (GM), received over $5 million in total compensation for his nine months of service at the automaker last year.
4/12/2011 The top 20 most overpaid CEOs on in the United States. These salaries are why this country is falling apart at the seams. Surprisingly there were several Chief Executive Officers on the most overpaid list whose companies are not in the Fortune 100.
2/13/2011 Gilliand founded Wild Oats Market, which was bought by Whole Foods in 2007, and was the CEO of Sunflower Farmers Market. He was charged with felony child prostitution.
2/02/2011 Backpage.com CEO James "Jim" Larkin of Village Voice Media located.
1/31/2011Bank of America Corp. gave Chief Executive Officer Brian T. Moynihan a $9.05 million bonus
1/30/2011 Goldman Sachs gives executives bonuses. Money for nothing, chicks for free? Goldman Sachs said in a filing Friday afternoon that CEO Lloyd Blankfein will make $2 million this year, and his top lieutenants will each make $1.85 million. Top Goldman brass had been making $600,000 annually in salary since the firm's 1999 initial public offering.
1/14/2011 15 most hated companies in America. Surprise, surprise... not really, maybe a few names are surprising like Johnson & Johnson, who would have thought they made the list.
1/11/2011 Facebook Executive contact information located for everyone including Mark Zuckerberg (CEO).
10/28/2010 SAO PAULO — A Brazilian court ruled this week that McDonald's must pay a former franchise manager $17,500 because he gained 65 pounds (30 kilograms) while working there for a dozen years. According to the Huffington Post, the 32-year-old man said he felt forced to sample the food each day to ensure quality standards remained high, because McDonald's hired "mystery clients" to randomly visit restaurants and report on the food, service and cleanliness. The man also said the company offered free lunches to employees, adding to his caloric intake while on the job. His identity was not released.
09/07/2010 Hewlett-Packard has filed a lawsuit against Mark Hurd, its former chief executive officer, to block him from joining Oracle as co-president.
09/04/2010 81% rate U.S. economy as 'poor' - CNN poll. A new national poll released Sunday indicates that eight in 10 Americans say that the economy is in poor shape, and the number that say conditions are very poor is on the upswing after steady declines through the spring.
08/12/2010 GM said Ed Whitacre is resigning as chief executive effective Sept. 1, a move that will give the company its fourth chief in less than 18 months. Daniel Akerson, a former CEO of Nextel and a GM board member for just over a year, will succeed Whitacre. The astonishing news comes unexpectedly and as a complete surprise as he only held the position for less than a year. We have already tracked down the new CEO's information thanks to Celebrity Address Aerial.
08/06/2010 Hewlett Packard (HP) CEO Mark Hurd, resigns amid sexual harassment allegations. Cathie Lesjak, will take over as CEO on an interim basis.
07/15/2010 SEC: Goldman Sachs to pay record $550 million and reform practices to settle subprime mortgage fraud charges. Goldman Sachs paid $550 million to settle charges of defrauding investors in a sale of securities tied to subprime mortgages, the Securities and Exchange Commission said Thursday. Isn't that America? You can pay your way out of trouble.
07/07/2010 Boeing Chairman, President and CEO Jim McNerney, Chair of the President’s Export Council. The Council includes the following: Mary Vermeer Andringa is currently President and Chief Executive Officer of Vermeer Corporation. Stephanie A. Burns is Chairman, President and CEO of Dow Corning Corporation. Richard L. Friedman, Appointee for Member, President’s Export Council:
Dick Friedman is President and Chief Executive Officer of Carpenter & Company, Inc. C. Robert Henrikson is Chairman, President and Chief Executive Officer of MetLife, Inc. Robert A. Iger is President and Chief Executive Officer of The Walt Disney Company. Jeff Kindler is Chairman and Chief Executive Officer of Pfizer, the world’s largest research-based biopharmaceutical company. Andrew N. Liveris is President, Chairman and Chief Executive Officer of The Dow Chemical Company. Alan Mulally is President and Chief Executive Officer of Ford Motor Company and a member of the company’s Board of Directors. Ivan Seidenberg is Chairman and Chief Executive Officer of Verizon, a premier global network company based in New York. Glenn Tilton is Chairman, President and Chief Executive Officer of UAL Corporation and Chairman and Chief Executive Officer of United Air Lines, its principal subsidiary. James S. Turley is Chairman and Chief Executive Officer of Ernst & Young, an international accounting firm with auditing and accounting operations in 140 countries. Patricia A. Woertz is Chairman of the Board, Chief Executive Officer and President of Archer Daniels Midland Company.
05/28/2010 The CEO of a company accused of making more than $100 million selling harmful "scareware" antivirus products was already a fugitive from U.S. authorities, following his arrest in 2008 on criminal counterfeiting charges. The scareware products that the three men are accused of selling are perhaps the most annoying problems on the Internet, and a constant source of complaints to security companies and federal regulators. They not only fail to protect computers, they often also bog down systems with spyware and malware.
04/21/2010 The real outrage is how CEOs are paid, not how much.
03/10/2010 CEO departures highest since Sept. 2008 according to CNN Money.
2. 02. 2010 Undercover Boss a new series on CBS, gives a few CEO's a good name. This new look at how CEO's are forced to walk a day in their employee shoes really has changed the attitude and management of 7-11's CEO and Waste Management's CEO. They prove that NOT all CEOs are bad. Neither company in the first episode is in the Fortune 100.
1. 18. 2010 U.S. Department of Transportation slapped United Airlines with a $30,000 fine.
1. 05. 2010 Joan Rivers bumped off flight in Costa Rica when Continental Airlines gate agent finds passport suspicious.
READ 2008 - 2009 BUSINESS NEWS: HEADLINES AND COMPANY INFORMATION
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