President Barack Obama outlined tough terms Monday for continued federal aid for ailing auto giants GM and Chrysler. White House adviser Austan Goolsbee, a member of the auto task force, details the plan. Continue reading
- Last year Lehman Brothers’ CEO made $71 million. Now his company has collapsed. How much will he make this year?
Question/Comment: Last year Lehman Brothers’ CEO Richard Fuld, Jr. made $71 million. Today his company collapsed. How much will he make this year? Paul Solman: I don’t know about this year. You’ve covered last. In 2006, according to Forbes.com, he … Continue reading
Former Enron CEO Jeffrey Skilling was sentenced Monday to more than 24 years in prison for his part in accounting practices that led to the company’s collapse. His is the latest in a series of cases of corporate corruption that have rocked the business world.
The former top two officials at the failed energy giant Enron were convicted of fraud and conspiracy Thursday for their role in the company’s 2001 financial collapse. Guests analyze the verdict and possible implications for the business world. Continue reading