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...cast Obama as an arrogant elitist, they better be prepared to deal with the blowback. As Jamal Simmons, a Democratic consultant and Obama supporter, put it in an email exchange with TIME, "Hillary Clinton calls Barack Obama elitist? Really? Hillary Clinton was a corporate lawyer who sat on the Wal-Mart board before becoming First Lady and is now worth over $100 million. Barack Obama is the child of a single mother raised in part by his grandparents who went to school on a scholarship and was a community organizer making $12,000 a year before becoming a law professor...

Author: /time Magazine | Title: Will Obama Pay for 'Bitter' Flap? | 4/14/2008 | See Source »

...Investors this year have asked for so-called "say on pay" at some 100 companies, including Coca-Cola, IBM, General Motors, Exxon Mobil, Citigroup, Anheuser-Busch, General Electric and Wal-Mart. As companies hold their annual meetings throughout April and May, some 70 different institutional investors will be pushing to add an annual provision to let shareholders vote up or down on how companies pay their top five executives. Earlier this week, about 150 institutional investors and representatives from companies like Pfizer, Morgan Stanley, Dell, BP, Sara Lee, Fed Ex, Procter & Gamble and United Health gathered in New York...

Author: /time Magazine | Title: Giving Investors a Say on CEO Pay | 4/9/2008 | See Source »

...mean, you like some of that stuff, right?" As I waxed socio-economical on how the authors were trying to make a statement about classism and yuppies and liberal mind-traps (#62: Knowing what's best for poor people. "They feel guilty and sad that poor people shop at Wal-Mart instead of Whole Foods, that they vote Republican instead of Democratic... deep down, white people believe if given money and education that all poor people would be EXACTLY like them"), I thought, "Oh crap, she's right. I like ALL of that stuff...

Author: /time Magazine | Title: Liking What White People Like | 4/8/2008 | See Source »

...have any affinity with your father's Russian heritage? -Claire Mythen, Dublin, IrelandI was there not long ago. It's so vast. I know America is vast, but there is a Wal-Mart everywhere in America, whereas in Russia it's vast, and it really changes. When I go to Russia, I realize I look Russian; people come up to me and speak to me in Russian...

Author: /time Magazine | Title: 10 Questions for Helen Mirren | 4/2/2008 | See Source »

...sales, like installing automated Verismo espresso machines. By no longer having to scoop and tamp coffee for each shot, baristas could make a drink 40% faster, moving customers through lines more quickly. Drive-throughs became standard, and the company released its first CD. Smith's successor was a Wal-Mart veteran, Jim Donald, who took the company into books, movie promotions and oven-warmed breakfast sandwiches, which added about $35,000 to the average store's $1 million annual sales...

Author: /time Magazine | Title: Starbucks Looks for a Fresh Jolt | 3/27/2008 | See Source »

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