Walgreens CEO Greg Wasson waits on the arrival of first lady Michelle Obama during an event at a Walgreens store that sells produce with on October 25, 2011 in Chicago, Illinois. The event was part of the first lady’s ‘Let’s Move!’ initiative, which is designed to promote healthy eating in low-income ...
AT&T CEO Randall Stephenson shows off an iPad app to Washington high school student and ‘Aspire’ graduate Joylin Hayes and America’s Promise Alliance Chair Alma Powell. NEW YORK (CNNMoney) — While Americans struggle to finds jobs, some of the country’s biggest companies insist they’re struggling just as hard to find ...
Kevork Djansezian / Getty Images Apple CEO Tim Cook’s salary is $900,000. But that’s just the beginning. Apple Chief Executive Officer Tim Cook was awarded $378 million in compensation last year, making him by far the top-paid CEO among big public companies in a study published Sunday in the New ...
IF you saw $20 on the ground, would you stop to pick it up? Silly question. O.K., try this one: Would you stop to pick up $400 million? That not-so-silly question is for our friends who run the Whistleblower Office at the Internal Revenue Service. The $400 million matter involves ...
Thompson, formerly the president of PayPal, is eligible for millions in cash, stock and bonuses. NEW YORK (CNNMoney) — Yahoo’s new CEO is poised to score a rich payday for taking on the troubled company. He’s eligible for up to $26 million this year in salary, stock and bonuses. Scott ...
NEW YORK (CNNMoney) — U.S. and UK authorities are wrestling over $700 million in funds from MF Global customers that has been found in the failed futures and commodities trader’s London operations. The U.S. bankruptcy court trustee says that the $700 million in MF Global client funds is all from ...
NEW YORK (CNNMoney) — The Justice Department announced a $335 million settlement with Bank of America Wednesday over discriminatory lending practice at Countrywide Financial. Thomas Perez, assistant attorney general for Justice’s civil rights division, said most of the victims of the discrimination were not aware that they were improperly steered ...
NEW YORK — Bank of America Corp’s Countrywide Financial unit agreed on Wednesday to pay a record $335 million to settle civil charges that it discriminated against minority homebuyers, a historic settlement for the Obama administration in the wake of the subprime mortgage morass. As the financial crisis was ...
In the risky world of start-up investing, it’s sometimes difficult to draw the line between making a bad investment decision and being an unwitting victim of a swindle. After all, if an investor decides to buy stock in a China-based start-up, is it wise to assume that the venture’s intellectual ...
Citigroup has been ordered to face trial over alleged securities fraud in July of next year. NEW YORK (CNNMoney) — A judge rejected a proposed $285 million mortgage securities fraud settlement between Citigroup and the Securities and Exchange Commission on Monday, saying the deal was “neither fair, nor reasonable, nor ...
WASHINGTON (CNN) — Pharmaceutical giant Merck (MRK, Fortune 500) will plead guilty for illegal promotional activity of the painkiller Vioxx, and pay fines and settlement costs totaling nearly $1 billion, the Justice Department announced Tuesday. Justice officials said Merck, Sharp and Dohme has agreed to the massive settlement in order ...
NEW YORK (CNNMoney) — Mortgage finance giants Fannie Mae and Freddie Mac received the biggest federal bailout of the financial crisis. And nearly $100 million of those tax dollars went to lucrative pay packages for top executives, filings show. The top five executives at Fannie Mae received $33.3 million in ...
One of the most perilous developments of recent years has been the rise in the percentage of Americans who pay no income tax. According to the Tax Foundation, 59 million Americans—42 percent of all filers—had zero or even negative income tax liability. Now, a new report from the Joint Committee ...
NEW YORK (CNNMoney) — Taking advantage of a weak U.S. dollar and a beaten down housing market, foreign buyers helped push Manhattan home prices slightly higher in the third quarter, according to the city’s top residential real estate agents. The average price for a condo or co-op in the city ...
EcoScraps founders Craig Martineau (left), Dan Blake and Brandon Sargent show off their product: Compost made from trash. (CNNMoney) — What if you could take out someone else’s trash, then sell it back to the same person who threw it away? For most entrepreneurs, that sounds like a pipe dream.
Poker celebs Howard Lederer, left, and Christopher Ferguson have been charged with profiting from a $440 million online poker Ponzi scheme. NEW YORK (CNNMoney) — Federal prosecutors on Tuesday accused executives at the online site Full Tilt Poker of operating a Ponzi scheme, siphoning more than $440 million in gamblers’ ...
Lunch with Warren Buffett and 7 other people in New York will cost the winning bidder $2,626,411. NEW YORK (CNNMoney) — The winning bidder for a lunch with billionaire investor Warren Buffett made one final decision late Friday — that he or she wanted to set a record. Glide, the ...
