Where CEOs gain at shareholders' expense
Oracle CEO Larry Ellison tops the list of the highest-earning CEOs of the past decade, pulling down $1.84 billion over 10 years. He’s followed by Barry Diller, chairman of IAC/Interactive and Expedia, with $1.14 billion, and Occidental Petroleum CEO Ray Irani, with $857 million. Four of the 10 best-paid CEOs presided over companies whose shareholders lost money during the decade.
The Wall Street Journal
Job market a boon for graduate schools
The sluggish job market has been a boon for graduate schools. With only 25 percent of college seniors landing jobs straight out of school, some 28 percent of college grads are heading instead into postgraduate programs. That compares with 23 percent before the recession hit.
CNNmoney.com
Kodachrome retires
The final roll of Kodachrome film that Kodak produced was processed this month in Parsons, Kan. Kodak, which has retired the color-film brand, selected photographer Steve McCurry to shoot the last, 36-exposure roll. McCurry spent two months shooting the images in New York, India, and Parsons.
The Wichita Eagle
Investors bet on merger surge
Is a merger surge on the way? European investors think so, judging from the $841 million they’ve poured into “event-driven” hedge funds since January. The funds will invest in stocks that are takeover targets.
Financial Times
No vacation for 51 percent of business owners
Citing the sour economy and a desire to save money, 51 percent of U.S. business owners won’t take a vacation this year.
The Wall Street Journal
