From the Wall Street Journal:
Starbucks Corp. Chairman and Chief Executive Howard Schultz and other top managers will not get salary increases next fiscal year, according to an internal Starbucks memo sent this week.
The move reflects the Seattle-based coffee chain’s continuing effort to rein in spending as it tries to revive its profit growth and stock price.
Finally! A big corporation realized that tempering CEO pay is indeed a way to save money.
Other recent stories
If you think your boss is tough, wait 'till you see these guys! The scripted, non-reality TV show might be a dying breed, but shows past and present provide us with many memorable bosses and leaders. Following are some of…
Fortunes are rarely won by playing it safe. On the contrary, the biggest fortunes have been won by those willing to step outside the box and change the way the game is played. Following are twenty-five business innovators…
In a drama worthy of a Hollywood movie, Brazilian-run beer giant InBev has purchased American icon Anheuser Busch for a cool $52 billion, according to the New York Times.
The multifaceted saga embroiled major players from Warren Buffett to John…
(Image: HamptonRoads.com, a Landmark company)
On this day in 2008, a smart, generous, but taciturn Christian man decided to make a deal with the devil. In one hand, he grasps a dusty old tome with gold-leaf lettering. The book contains his…
Bill Gates in 1983
Farewell, Bill Gates. Your 25 years at Microsoft have nurtured it from obscurity into a megalith. Now, it's something in between.
One thing is certain. Microsoft was built around the figurehead of Bill Gates. This Friday, Gates…
I was reading this 2007 New York Times article by Jason Pontin about crowdsourcing technology. He specifically addresses the area of organizing and locating relevant information in our increasingly digital society. Jeff Bezos, CEO and founder of Amazon.com leads again…
According to a 2005 research study, executives with equity incentives (stock options and restricted stock grants) were more likely to "smooth" earnings so that they met or barely beat analysts' projections. And the longer the continuation of the equity…
The media didn't like her. Employees didn't like her. Wall Street didn't like her. But she’s back.
Carly Fiorina, one of corporate America's most powerful women, is reinventing herself. In 1999, Fiorina ditched her successful sales and marketing career at AT&T…
If I think about it too much, I really don’t like Donald Trump. And I shouldn’t. But I do. He’s boastful, arrogant, and sexist. He’s also what many consider to be the epitome of the American Dream. He worked his…
The WSJ this morning put up an article about corporate death benefits. It turns out that the grossly overcompensated American CEO still lingers in our midst, despite the challenges that have destroyed quite a few of his kin.
The article…
Rachel Ray's Intifada Scarf is Just the Latest in a Line of Jihadist and Suicide-Promoting Ads
Judge for yourself whether the rest were really that harmful...
5. Present Time: Dunkin' Donuts features Rachel Ray in a keffiyeh scarf, which according to one…
Should key executives from publicly traded companies have to disclose serious illnesses and risky treatment alternatives?
This is one of the questions posed by CNN Money writer Peter Elkind in a recent expose piece on Apple founder and CEO, Steve Jobs.
From…
Fortune has an interview with Carly Fiorina, former CEO of HP. She plays it pretty safe, and states the obvious when she is asked for her advice for Michael Dell:Michael Dell needs to focus on leading indicators. They are customer…
I stumbled across a research paper this morning that makes a very interesting claim.We develop a model which shows that an overconfident manager, who sometimes makes value-destroying investments, nonetheless has a higher likelihood than a rational manager of being deliberately…
