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November 30, 2007
GOOD DAY FOR: An about-face, after Facebook scaled back its controversial Beacon advertising feature in response to complaints from users. Facebook said that under the new system, members will need to click “OK” to have their online activities—like shopping for Christmas gifts—broadcast to friends. Currently, members have to opt out of having that information shared. (BusinessWeek.com)
BAD DAY FOR: Seniority, as Penn State revealed that 80-year-old football coach Joe Paterno, who has been coach since 1966, earns a base salary of $512,664 a year. That doesn’t count endorsements and other income. But Paterno’s pay looks modest compared with Alabama coach Nick Saban’s $4 million total income, or the $3 million earned by Oklahoma’s Bob Stoops. (The New York Times, free registration required)
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