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...this: Just how much does it matter what people are paid? "Where is the empirical evidence that by doing what Feinberg is doing, we'll solve the problems that caused the financial crisis?" asks Ohio State University finance professor René Stulz, who has looked at whether excessive CEO pay caused the credit crunch...

Author: /time Magazine | Title: Wall Street, Meet Ken Feinberg, the Pay Czar | 11/2/2009 | See Source »

...Solar's stock to jump 11% on the day of the announcement. "This major commitment to solar power is a direct result of the progressive energy policies being adopted in China to create a sustainable, long-term market for solar and a low-carbon future for China," First Solar CEO Mike Ahearn said in a statement. (See the 10 green energy ideas...

Author: /time Magazine | Title: Tower of Power | 11/2/2009 | See Source »

...announced the launch of a $100 million advocacy campaign to promote and defend "the free enterprise system" two weeks ago, Chamber of Commerce CEO Thomas Donohue, 72, maintained that his new initiative was not "a campaign against anyone" or "about any piece of legislation." At the same time, he cited "plans afoot to weigh down America's once vibrant capital markets with excessive regulations, and to raise taxes on our most productive citizens" and also raised the specter of socialism, which he said was making worrying inroads, especially among youth...

Author: /time Magazine | Title: Is the Chamber of Commerce Its Own Worst Enemy? | 10/31/2009 | See Source »

...with a new generation of business leadership who are looking for more cooperative relationship with Washington, trying to be problem solvers instead of nay-saying, being a brick wall to government action," argues Hilary Rosen, a partner at the Brunswick Group, a communications firm, who served as Chairman and CEO of the trade organization the Recording Industry Association of America from 1998-2003. "In leadership positions, you see a wave and you want to get on board to help shape it and instead I think he is looking at a wave and is trying to stop it." (See the best...

Author: /time Magazine | Title: Is the Chamber of Commerce Its Own Worst Enemy? | 10/31/2009 | See Source »

Many observers think the Chamber, in so zealously opposing so much of the Democrats' agenda, may be its own worst enemy. Peter Darbee, PG&E's CEO, applauds Donohue's effort to rehabilitate the American public's faith in free enterprise in the wake of the past year's troubles." But he added, "I'm struck by the irony that, as we try to restore public trust in business on the one hand, on the other the Chamber's behavior on the climate issue only reinforces stereotypes that erode that very same confidence...

Author: /time Magazine | Title: Is the Chamber of Commerce Its Own Worst Enemy? | 10/31/2009 | See Source »

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