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.
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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
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The bottom linefeature Sedentary habits keep rising; A new home for Twinkies; Taco Bell's new hit; Companies stretch the workweek; Women's wages still fall short
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The bottom line
feature Where to stash your cash; Facebook's tax refund; The value of old phones; The wealth of America's megabanks; Grateful alumni
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The bottom line
feature High cellphone taxes; Companies shore up pension funds; The bite of high gas prices; More dads stay home; Americans' scarce savings; Clorox sales hit a peak
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The bottom line
feature Taxi drivers with college degrees; Morgan Stanley's revealing nicknames; Sleep deprivation and lost productivity; A retreat for Barnes & Noble; Signs of a stabilizing economy
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The bottom line
feature Companies cut spending because of fiscal cliff; Administrative bloat and tuition costs; Market for new and existing homes improves; Annual federal deficit as share of GDP decreases; Federal rules for contracts get flouted
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The bottom line
feature No-growth small businesses; Swift sales for Taylor's new album; Predicting doctors' costs; Airlines face shortfall in qualified pilots; Will Japan slip into recession?
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The bottom line
feature Apple's corporate tax rate; A housing market still in the tank; Boeing's Dreamliner earns rave reviews; Billions owed in child support; Goldman Sachs trims its ranks
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The bottom line
feature No new jobs in August for small business; Lowest corn harvest in 17 years; Louboutin wins battle over red soles; The growing American lower class; U.S.'s competitive ranking drops; The expanding wealth gap