Over her male predecessor.
Give or take $10 million. General Motors CEO Mary Barra will be earning a salary and stock options that total about $14.4 million this year, as opposed to earlier numbers that showed the company's first female CEO was making half of her predecessor's compensation. Dan Akerson, who retired in January, earned about $9 million as CEO last year. On Monday, GM released full figures "to correct misperceptions created by comparisons that used only a portion of Barra's overall compensation."
How taxi cartels resort to desperate measures to kill innovation and save their crumbling industry.
On the evening of December 31, 2013, Huan Kuang and her two young children were crossing the street in San Francisco’s Tenderloin District when a Honda SUV made a careening right turn and ran them over in the intersection. Ms. Kuang suffered multiple injuries, including a skull fracture, and two and a half months later she still has trouble walking. The skin on one side of five-year-old Anthony Liu’s face was scraped off, which will leave permanent scarring.
President Obama’s speech won’t change the country’s sour mood about jobs and the deficit, but America is coming back faster and stronger than anyone expected.
President Obama took the podium for last night’s State of the Union Address at a time when mood of the country is sour—toward the president and toward the economy.An objective look at the data and the record of the last several years suggests that this shouldn’t be the case.Historically speaking, presidents get credit for the positive economic news that happens on their watch and get blame for the bad things that happen—even when they are not entirely at fault.
The Gillette-Schick duopoly better watch out for Dollar Shave Club and Harry’s, which promise more convenience and less cost to do what men hate most in the morning.
Don’t look now, bros but your morning routine is getting disrupted—in a good way.While stubble, beards, and moustaches may be in vogue everywhere, lots and lots of men feel like they have to shave every day—or at least every other day. Which means they are subject to an industry dominated by a few big players who are quite set in their ways.For more than a century, the shaving market has been essentially stagnant. In 1901, King Gillette introduced the safety razor in 1901, and the company bearing his name has involved into a huge firm, which is now part of the consumer products conglomerate Procter & Gamble.
If you’re a professional who needs to communicate without a paper trail, Confide is for you—at least until it gets hacked or bought by a big, privacy-invading tech firm.
Confide, the disappearing-messaging app for grownups that was tabbed as one of the The Daily Beast’s hot apps for the week, has come too late for many professionals. But if you want to rag on co-workers, engage in political machinations, and swap tips about hot stocks without having to worry so much about the consequences, it’s right on time.The media is full of stories of careers and lives laid waste by indiscreet texts, emails, and other digital communications.
The news that Scarlett Johansson was representing the Israeli firm SodaStream caused Al Jazeera to call it a controversy—based on four tweets.
What if you try to create a celebrity scandal and no one listens?Such was the case on Al Jazeera’s blog “The Stream,” which reacted to the news that Scarlett Johansson had been named the “global brand ambassador” of Israeli carbonation company SodaStream by latching onto the potentially ideal recipe for outrage—a Hollywood A-lister plus the Israeli-Palestinian conflict—with an article on Monday entitled “Criticism as Scarlett Johansson becomes new face of SodaStream.
On February 1, Janet Yellen will take over America’s central bank, a cash cow that makes the Fortune 500 look like peanuts.
The Federal Reserve is the most powerful and influential financial institution in the world and it is also one hell of a business.The Fed, like Newt Gingrich, was hatched in secret one hundred years ago, on a small island off the coast of Georgia. It was created to bring order to a chaotic banking system in the wake of a string of financial crises around the turn of the century. What's gotten the mainstream media buzzing about the bank of late is the fact that, for the first time in it's century-long history, a woman will be running the show.
With only 74K new jobs and the unemployment rate at its lowest since 2008, the December monthly jobs report dumped a steaming pile of caution on the red carpet of economic optimism.
The last couple months have seen a surge of economic optimism. The Federal Reserve decided the economy is strong enough to start tapering its bond purchases. The economy grew at a 4.1 percent annual rate in the third quarter of 2013 and the fourth quarter of 2013 is looking pretty good. The jobs market has been picking up steam, adding an average of more than 200,000 positions over the last four months. The deficit is shrinking rapidly.But Friday morning, the monthly jobs report dumped a steaming pile of caution on the carpet.
Budget hawks want compensating budget cuts to extend long-term unemployment benefits. But one look at the Treasury’s latest balance sheets undermines the House GOP’s argument.
Should Chris Christie ever stop talking, political attention will likely be focused once again on the question of extending unemployment benefits. This month, the assistance expired for the long-term unemployed—some 1.29 million people were collecting as of late December. The Senate is moving to expand them. This week, a procedural vote passed with 61 votes, allowing the full Senate to vote on it.The House, naturally, is resisting. Many House Republicans don’t believe unemployment benefits help the unemployed.
A century ago, the Ford Motor founder shocked the world of business by doubling wages to $5 a day. No altruist, he was playing a long game—one today’s short-sighted CEOs can’t fathom.
On January 5, 1914, the business world witnessed a revolutionary, shocking act. Henry Ford, founder, chief executive officer, and dictator of the Ford Motor Company, unilaterally raised—doubled!—the wages of thousands of production workers to $5 per nine-hour day, from about $2.38. Ford’s company was the unorthodox leader of what was rapidly growing into an iconic American industry. And Henry Ford was already regarded as an eccentric, an outsider, somewhat strange.
With an Ohio Walmart hosting a holiday food drive for its own workers, The Daily Beast's Michael Tomasky criticizes the notoriously stingy company for not paying them more.
The powerhouse married showrunners piloting ‘The Good Wife’ have been expertly calling the shots together for five seasons on broadcast TV’s most acclaimed show.