WHAT"S NEW
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CEOs Still Living the High Life
Chauffeured cars, bodyguards, club memberships, company jets, apparently they have not yet gone out of style. “The median value of these and similar perks rose nearly 7 percent in 2008,” according to the Associated Press. “The increase came even as overall CEO compensation fell 7 percent to $7.6 million.” The median value of perks in the 309 companies that the AP examined was over $170,000, and only three CEOs received no perks at all. The biggest earner of perks was Johnson & Johnson CEO William Weldon, who took home $3.9 million in perks.
Read it at Associated Press
Posted at 6:28 AM, May 1, 2009
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Is Rahm Running the Treasury?
Gerald Herbert / AP Photo
Since President Obama appointed Timothy Geithner to run the Treasury Department, many have alleged that Larry Summers is the “shadow Secretary,” but does Rahm Emanuel deserve the distinction? The Wall Street Journal reports that “Since [Geithner’s appointment], White House Chief of Staff Rahm Emanuel has been so involved in the workings of the Treasury that ‘Rahm wants it’ has become an unofficial mantra among some at the Treasury, according to government officials.” For the most part, the help has been appreciated, since Treasury is still understaffed, but “the White House also has pushed to announce programs before details were ready. Other times, the department has been left waiting for White House input -- even on such mundane matters as Web-site design.”
Read it at The Wall Street Journal
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The CIA's Torture Masterminds
To whom do we owe the CIA’s interrogation regimen? According to ABC News, “the CIA's secret waterboarding program was designed and assured to be safe by two well-paid psychologists now working out of an unmarked office building in Spokane, Washington.” Bruce Jessen and Jim Mitchell, both former military officers, founded Mitchell Jessen and Associates and “together designed and implemented the CIA’s interrogation program.” Their associates say that they “boasted” of making $1,000 a day from the CIA. Neither had any experience as interrogators before the CIA hired them.
Read it at ABC News
CEOs Still Living the High Life
Chauffeured cars, bodyguards, club memberships, company jets, apparently they have not yet gone out of style. “The median value of these and similar perks rose nearly 7 percent in 2008,” according to the Associated Press. “The increase came even as overall CEO compensation fell 7 percent to $7.6 million.” The median value of perks in the 309 companies that the AP examined was over $170,000, and only three CEOs received no perks at all. The biggest earner of perks was Johnson & Johnson CEO William Weldon, who took home $3.9 million in perks.
Read it at Associated Press
Posted at 6:28 AM, May 1, 2009
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Is Rahm Running the Treasury?
Gerald Herbert / AP Photo
Since President Obama appointed Timothy Geithner to run the Treasury Department, many have alleged that Larry Summers is the “shadow Secretary,” but does Rahm Emanuel deserve the distinction? The Wall Street Journal reports that “Since [Geithner’s appointment], White House Chief of Staff Rahm Emanuel has been so involved in the workings of the Treasury that ‘Rahm wants it’ has become an unofficial mantra among some at the Treasury, according to government officials.” For the most part, the help has been appreciated, since Treasury is still understaffed, but “the White House also has pushed to announce programs before details were ready. Other times, the department has been left waiting for White House input -- even on such mundane matters as Web-site design.”
Read it at The Wall Street Journal
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The CIA's Torture Masterminds
To whom do we owe the CIA’s interrogation regimen? According to ABC News, “the CIA's secret waterboarding program was designed and assured to be safe by two well-paid psychologists now working out of an unmarked office building in Spokane, Washington.” Bruce Jessen and Jim Mitchell, both former military officers, founded Mitchell Jessen and Associates and “together designed and implemented the CIA’s interrogation program.” Their associates say that they “boasted” of making $1,000 a day from the CIA. Neither had any experience as interrogators before the CIA hired them.
Read it at ABC News
posted by K.B.Chandra Raj at
5:50 AM
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