Word: chairmanning
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...They've seen some really high compensation packages and wonder if it really takes $50 million a year to motivate someone," says Ken Suelthaus, vice chairman who handles M&A activity and corporate law at Polsinelli Shughart...
Last week, Federal Reserve Chairman Ben Bernanke said the recession is probably over. But that hasn't halted the Treasury Department from continuing to dole out billions of dollars to financial firms. The latest installment came two weeks ago, when the Treasury sent nearly $75 million from the Troubled Asset Relief Program (TARP) to five banks. Community Bancshares of Mississippi was the largest recipient, getting $52 million in federal funds. All told, the government has spent nearly $5 billion in rescue funds in the past three months. Many of the recipients have been small banks. (See TIME's special report...
...have been moving ahead on their own. They're cutting carbon emissions at rates higher than any government and improving energy efficiency for the sake of their own profits. "Businesses need to deal with climate change, and they need regulatory certainty and simplicity from governments," says Charles Holliday, the chairman of DuPont...
...bark on the night of the murder. At the characteristically secretive Plenum, the equivalent clue into the mystery of who will be China's next leader was the fact that Xi Jinping, the man widely touted as the most likely successor to President Hu Jintao, was not appointed deputy chairman of the Military Commission...
...move that it can make with France and Britain, or even alone. Legislators on Capitol Hill are preparing a tough bill that would impose sanctions on third-country companies that supply the gasoline imports on which Iran relies for about one-third of its consumption. House Foreign Affairs Committee chairman Howard Berman, a California Democrat, has said he will mark up his bill next month. But the fewer allies that sign on for such tough sanctions, the more those sanctions are likely to hurt the U.S. rather than Iran...