Bank Robs You: Chase's Hefty Profits Put Lie to Claim That Consumers Have to Spend More to End the Recession (2 comments)
The banks are saying that it's up to consumers to spend their own way out of the recession and make the economy whole again. The banks are moaning that people have to spend more to get the money flowing. But the leveraged-buyout firms, like Steve Schwarzman's Blackstone, are already flipping with joy; now that the government has printed enough money to prop up the market, they're pouring their own hoarded money into deals.
Sunday, August 23, 2009
Twitter Figures Out How to Make a Bundle (2 comments)
Twitter's "pro accounts" would seem to make a lot more sense for advertisers and marketers than hoping that people will see their ads amid all the billions of posts. And it's better, in a way, for Twitter users because you won't see such plastered ads. What you will feel, however, is penetration into your own personal business by advertisers.
Saturday, August 15, 2009
Pocket Rockets: The 10 Highest-Paid CEOs of 2008
The high-class watchdog Corporate Library has released its "sneak peek" of the highest-paid CEOS of 2008. Stephen A. Schwarzman, one of Wall Street's highest-flying vultures, raked in "total realized compensation" of $702.4 million.
Goldman racks up record profit
the news that's going to piss off people and lead to a lot of bloviating by pols is the totally expected development that Goldman's execs are putting aside a record amount for their own bonuses and pay.