CEO

Feingold Challenges Jeffrey Immelt On New Position

e actually applaud this surprising move by former Wisconsin Democratic senator Russ Feingold (recall that Feingold was swept out of office last year in a tsunami of Tea Party expression). Just in case you're keeping score, here's the opening shot in the corporate corruption wing of the Obama School of Economic Whatevers: Friend, IT'S EVERYTHING THAT'S WRONG with corporate power today: News broke last week that General Electric, America’s largest corporation, made $14,200,000,000 in profits last year and paid $0 in taxes—that’s right, zero dollars in taxes. At the same time, C.E.O. Jeffrey Immelt saw his compensation double. Now I...

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When Is Class Warfare Just Plain Common Sense?

NBC POSTED A POLL on their "Squawk On The Street" module questioning whether one felt better about job security after hearing the President's SOTU speech last night. Here's one comment that struck a chord with me from a commenter called Youknowme: I don't feel better about job security, but I do have more hope than I did a month ago. At least he's beginning the long road of reform that we need in compensation (because CEOs simply don't deserve 300 times more than they made 20-30 years ago). What are they, supermen? Last time I checked they need their middle...


Rockefellers Rip Exxon

As someone who actually spent quality time among the Rockefellers working for the minimum wage of $1.65/hr during my years as a teenager on offshore Cumberland Island, GA, this story warmed my heart. I spent several years in manual labor doing an odd assortment of jobs learning the construction trade from the time I was fourteen up through my senior year in highschool on the island where my pop worked as a master carpenter. Cumberland remains accessible to this day either by boat or by small four or six-seater plane, the latter to land on an old field requiring one...