Bob Lutz, America's ultimate car guy and the man credited with leading wild success at Chrysler in the 1990s and a near-complete overhaul of General Motors Corp.'s vehicle lineup, has decided to retire from the business at the end of the year.
It's one of the ironies of the U.S. financial bailout: The banking executives now managing billions in taxpayer money are the same ones who oversaw the industry's near collapse.
Many oil and gas company executives are predicting a significant ramp-up of renewable energy use over the next five years to run cars and trucks and generate electricity, according to a new survey.
Black women face special challenges in their efforts to reach the top levels of corporate America, according to a new study.
Ford Motor Co.'s December sales are faring well, at least through the first two weeks of the month, Executive Chairman Bill Ford Jr. said Tuesday.
Microsoft Corp. on Thursday tapped a former Yahoo search executive to lead its online push, adding to the intrigue surrounding a possible search partnership between the two rivals.
Embattled auto company chief executives scored some points with Congress by driving — instead of flying — to the hearings on a possible federal assistance package.
Ford Motor Co. has pulled an executive back from Europe to run its North American factories in an effort to free the current manufacturing chief to focus on standardizing the automaker's operations across the globe.
The CEO of failed Washington Mutual Inc. and five other senior executives of the largest U.S. thrift, now owned by JPMorgan Chase & Co., are leaving their positions soon.
Mortgage finance giant Fannie Mae, taken over by the government earlier this month, announced Friday the resignations of four senior executives and said it was restructuring its organization.
Fannie Mae says three top executives are leaving as the mortgage finance company aims to cope with mounting losses from the mortgage crisis.
Microsoft Corp. on Wednesday said Kevin Johnson, the executive in charge of its Windows and Web operations and an instrumental player in the company's failed $47.5 billion bid to buy Yahoo Inc., is leaving the company.
Federal regulators on Monday said eight former Time Warner Inc. executives fraudulently inflated the company's online advertising revenues by more than $1 billion between 2000 and 2002.
An executive exodus from troubled online brokerage E-Trade Financial Corp. is continuing, with the chief financial officer's and general counsel's departures announced Friday as the company grapples with massive losses stemming from its hemorrhaging mortgage business.
Toyota Motor Corp. on Tuesday said that nine of its U.S. executives plan to retire by the end of the year, sparking speculation that the automaker may be looking to revamp its executive lineup in the midst of an increasingly tough U.S. sales environment.
A government proposal to freeze interest rates on millions of loans made to risky borrowers reflects political and financial realities of the housing market crisis, analysts say.
General Motors Corp., which says a return to profitability will require sacrifices from all involved, announced plans on Tuesday to rein in white-collar pension and health care expenses, slash the dividend and trim executive salaries — moves some analysts say suggest it might seek benefit cuts from union workers.
This article is from a site I have referenced before on which I have really found a lot of good information. The article I am seeding here, in particular, deals with something that I think has been a root cause of the current economic issues we are facing.
Circuit City Stores Inc., now liquidating the last 567 of its 721 stores, says incentive bonuses are needed to dissuade 154 executives and other workers from leaving before the company is dissolved.
President Obama on Wednesday announced a salary cap of $500,000 for top executives at companies that receive the largest amounts of bailout money, calling the step an expression not only of fairness but of "basic common sense."
Those of us who have been around since the 1930s and '40s remember the Eisenhower years, when the top marginal rate of federal income taxation for married couples was 91 percent, and it kicked in at taxable income of $2.7 million in 2006 dollars.
I believe in the American Dream; my own house with a car in the driveway surrounded by the little white picket fence, two kids in the yard playing with the dog while the wife is cooking the chicken in the pot on the stove.
Why are they still so confidently entitled to these walloping sums? Few people get a bonus for doing their job: most get sacked if they don't. Incentives might make a difference to a low-paid cleaner, while strivers in competitive worlds fight to stay on top anyway.
Even in an economy that is cutting jobs, executives still view employee retention as their No. 1 concern, but bad managers get the blame for most defections, according to a Robert Half International survey.
An executive for the dairy firm at the centre of China's tainted milk scandal has pleaded guilty to charges that may incur the death penalty, reports say. Tian Wenhua, former head of Sanlu, and three other executives are accused of producing and selling defective goods.
According to new research from the CMO Council a surprising 76% of senior marketers believe they are not realizing the full revenue potential of their current customers.
The distribution of income and wealth in the United States is more unequal today than at any time since the 1920s.
When it comes to the� Big Three , the only compelling argument they can make at this late date-if a man strapped with explosives can be said to be making an argument-is they will not suffer alone.
Just as I was about to give up on Congress, BAM, POW, a California Congressman decked the auto executives with a one-two punch.
New York Attorney General Andrew Cuomo says Citigroup executives should forgo their bonuses this year after the company announced massive layoffs.
At present, there's a great trick afoot: the labor of the so-called working class and most of the white collar class enriches the executive few. Laborers and most managers, therefore, are brothers and sisters who just haven't realized it yet.
Suicide reports have come from a wide variety of places, involving a diverse range of people. A chief executive of an Arizona-based commercial lender wore a tuxedo, swallowed pills and lay down to die in June as his company collapsed.
New York's attorney general demanded on Wednesday that the American International Group recover bonuses and other payments from its former executives, lest he take formal action against the insurer.
Like other experts, Professor Murphy expects the $500,000 cap to be largely ignored, with banks willing to accept the tax consequences.
Congress is now starting to grill all of these executives & ex-execs--where the hell were they when all this was going on? With any foresight and regulation we could have avoided this fiasco. What were they doing?---Worrying about juiced up baseball players. Typical
Bonuses for CEO's when companies are losing money ... risky business practices ruin the careers of workers when companies fail, yet executives walk off with large amounts of money. This is not right.
It's not been a banner year so far for women who want to be on the other side of the glass ceiling.
Once Mike Dunleavy pushed past David Falk and reached out to Elton Brand, appealed to his star's sensibilities and sentimentality for his Clippers' home, the belief was that the most cunning and cutthroat agent of them all decided to treat this end-around as an act of treason …
The purpose was to gauge their reaction to the company's plan to raise the amount it charged for in-house day care by 75 percent.
Two former Bear Stearns managers have been arrested, federal authorities said Thursday, becoming the first executives to face criminal charges related to the collapse of the subprime mortgage market.
European business leaders have traditionally taken home far less compensation than their American counterparts. But European executive compensation has been rising, and these pay increases have citizens in European nations deeply concerned.