LATEST NEWS & EVENTS

03/10/2010 CEO departures highest since Sept. 2008 according to CNN Money.

03/02/2010 Whitman, the billionaire former CEO of Ebay has run campaign ads for months introducing herself to voters and positioning herself as a moderate Republican.

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 shitheads. 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.

12. 30. 2009 GM CEO resigns. New CEO hired. Yes, we have the address for Ed Whitacre Jr. listed on our website for you GM lovers and haters out there!

12. 02. 2009 Daughter Of Resigned GM CEO Attacks New GM CEO On Facebook. Sarah Henderson, daughter of Fritz Henderson, the just-resigned-minutes-ago GM CEO, posted some choice words about Ed Whitacre, the random white guy taking her dad's place at the top of the just-emerged-from-bankruptcy automaker, on the automaker's public Facebook page! You go girl!

11. 23. 2009 The outlook isn't as good for the record 31 million Americans unable to find full-time jobs. Source: CNN

11. 10. 2009 Website listing addresses and aerial photos of celebrity homes comes under scrutiny. HELL YEAH.-- LA Times

11. 08. 2009 120 banks have failed this year, and the year is not even over yet.

11. 06. 2009 Unemployment rate hits 10.2%, more than 15.7 MILLION people are without jobs, and bankruptcies are on the rise.

11. 04. 2009 Personal bankruptcies surge 9%. Number of Americans filing for bankruptcy continues to climb. Total bankruptcies expected to top 1.4 million in 2009, highest in 4 years.The number of Americans filing personal bankruptcies surged 9% in October and were on target for the highest annual total in four years, according to a report issued Wednesday. Source: CNN

10. 22. 2009 Another day, another 7,000 people run out of unemployment benefits. Source: CNN

10. 16. 2009 The deficit was HOW MUCH?? U.S. deficit biggest since 1945. Obama administration closes the books on fiscal 2009: Falling revenue plus soaring spending leads to a $1.42 TRILLION deficit. That's what happens when corporations suck all of the money out of an economy, the government is forced to try to help stimulate it again. It is not Obama's fault. It's the companies on this site that caused this problem.

10. 14. 2009 Bank of America (BofA) hires search firm to help find next CEO. Bank of America CEO Ken Lewis told the board Sept. 30 that he plans to retire at year end.

10. 02. 2009 Bad news: Jobs market getting worse. More jobs were lost in September than expected and unemployment rate hits 26-year high of 9.8%. September marked the 21st consecutive month that the number of workers on payrolls has shrunk, a period during which 7.2 million jobs have been lost.

08. 06. 2009 Reality check. A lack of job openings means nearly 15 million unemployed Americans are still looking for jobs, and their ranks are likely to keep growing into 2010. Source: AARP.

07. 17. 2009 Randall Stephenson AT&T CEO connects on the iPhone

07. 17. 2009 Most Fed policymakers said it could take "five or six years" for the economy and the labor market to get back on a path of long-term health. Unemployment topped 10 percent in 15 states and the District of Columbia last month, according to federal data released Friday. The rate in Michigan surpassed 15 percent, the first time any state hit that mark since 1984.

07. 02. 2009 Unemployment rea ches 9.5% nationally. The worst unemployment rate in 26 years. Net job loss in June was 467,000, which was 100,000 more jobs lost than forcasted. Unemployment rate rose for the ninth consecutive month. Job loss in 2009 has already surpassed the total job loss for 2008. 2009's total job loss is at 3.4 million. Don't forget to THANK ALL OF THESE CEO's!

06. 19. 2009 Unemployment reaches 14.1% in Michigan. Isn't that where all of those automobile company CEO's and executives were making millions and billions and trillions of dollars over the last 30-40 years?

06. 18. 2009 Judge orders ex-HealthSouth CEO Richard Scrushy to pay $2.9B to shareholders in fraud case. Isn't that irony? A CEO with a 3 BILLION dollar judgement against him, but Richard Scrushy was acquitted on criminal charges in 2005."The indictment included 85 counts of conspiracy, money laundering, securities fraud, and mail fraud but Scrushy was ultimately charged with just 36 counts.In the indictment, Scrushy was accused of using intimidation, threats, and cash payments to coerce top executives into committing fraud. Following more than a month of deliberations, Scrushy was acquitted of all charges on June 28, 2005. On October 26, 2005, four months after his acquittal in Birmingham, Scrushy was indicted by a federal grand jury in Montgomery, Alabama. The indictment included 30 counts of money laundering, extortion, obstruction of justice, racketeering, and bribery of Alabama Governor Don Siegelman.Prosecutors claimed that Scrushy had agreed to pay over $500,000 of Siegelman's dept, which he accumulated during a failed attempt to bring a state lottery to Alabama, in exchange for a seat on the Certificates of Need Review Board. The board serves the state by reviewing hospitals and approving their construction. Although the new charges were filed a month before the previous trial ended, Scrushy's attorney's accused prosecutors of filing charges as retaliation for Scrushy's acquittal. Scrushy and Siegleman pleaded not guilty to all charges, but they were both convicted following a trial that lasted approximately six weeks. Scrushy was convicted of bribery, conspiracy, and mail fraud, while Siegelman was convicted of bribery, conspiracy, mail fraud, and obstruction of justice." [Source: Wikipedia]

06. 06. 2009 Unemployment rate rises again to 9.4% nationally for May and in places like Michigan it has reached 12.9%!! GM has filed bankruptcy. Another 345,000 jobs were lost in May as well.

06. 06. 2009 GM files bankruptcy.

05. 21. 2009 Another $7.5 billion bailout for GMAC

05. 18. 2009 American Express sheds 4,000 more jobs. They don't need a bailout yet, there are still employees to lay off.

"While we have remained solidly profitable at a time when some parts of the card industry were incurring substantial losses, we continue to be very cautious about the economic outlook and are therefore moving forward with additional reengineering efforts to help further reduce our operating costs," said American Express CEO Ken Chenault, chairman and chief executive officer in a release. Basically, it means that they cut enough jobs so Chenault can keep his rougly 30-million dollar a year salary.

05. 08. 2009 539,000 jobs were lost in April, though it is the the fewest jobs lost in six months!!! The unemployment rate is still climbing and now at 8.9%. The worst rate since 1983.

04. 23. 2009 David Kellermann, the acting chief financial officer of Freddie Mac was found dead this morning in what looks to be suicide, according to Fairfax police. The CEO of the troubled bank was found in his Fairfax County home dead. WTOP has more information about Kellermann's suicide.

04. 18. 2009 According to GM's CEO, a bankruptcy filing for US automaker General Motors is becoming unavoidable as it runs into more trouble.

04. 03. 2009 Unemployment rate reaches 8.5%. 660,000 jobs were lost in March.

01. 05. 2009 2.6 MILLION jobs lost in 2008. 2.5 MILLION more workers had their hours cut.

12. 15. 2008 BASH A BUSINESS is launched.

12. 06. 2008 House and Senate committee staff will meet over the weekend to write a bill to provide $20 billion to $25 billion in assistance to the U.S. auto companies.

12. 05. 2008 1.9 million jobs LOST in America in ONE single year! Unemployment reaches 6.7% Really? You thought it was going to end here?

12. 03. 2008 61 Percent of Americans OPPOSE BAILOUT.