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.
This week’s jobs have more of an international flavor, proving that the bizarre doesn’t end at the border. Here’s a Friday trivia question for you: If you had to choose one, would you rather be an oil company PR rep or comment spammer?… Read more
Women are dropping out of the workforce at the highest rate since the 1970s, says a New York Times article: After moving into virtually every occupation, women are being afflicted on a large scale by the same troubles as men: downturns,… Read more
Earlier this month, Forbes’ Tom Van Riper posted an excellent article about Beijing’s richest Olympians. I summed up Van Riper’s Top Ten list–the original, a must-read, includes more detailed sponsorship information–and added outside research to… Read more
(Image: 3poundsofrealestate.com) A prominent economist has found a strong correlation between wealth (which he defined as making more than $100,000 a year) and stress levels. From Yahoo Finance: According to research by Daniel Kahneman, the… Read more
(Image credit: Money-rx.com) Skimping on food and fuel? Guess you’re not in the $2 million dollar lunch club. On Friday, the head of a Chinese investment fund submitted a winning bid of $2,110,100 in an annual charity auction on eBay to… Read more
(Photo credit: PopPhoto.com) It’s the peak of graduation season. Time for grads to celebrate their newfound freedom, while parents puff up with pride–and probably relief. Unfortunately, an undergraduate degree these days often doubles as a… Read more
Earlier this week we looked at how to make your case for a raise, but what if your employer truly can’t pay you more? Instead of walking away with nothing, why not get creative? After giving you a sob story about low company profits and tight times… Read more
One of the best ways to increase your salary significantly is by changing jobs or companies. The stronger negotiation position for getting the big bucks is when they offer you the job, as opposed to after you’ve already accepted it. Here are bank… Read more
You want a raise, you need a raise, but asking for one can be emotional. Someone else is basically putting a dollar value on your worth. The worst thing you can do is make it personal. It’s business. As with all things money, the bottom line matters… Read more
When I graduated my undergraduate business program in 1997, our capstone course included a case study on this interesting company started by a guy named Jeff Bezos. We highly intelligent business students weighed in on the viability of a little web… Read more
Freelancers make their own income. There’s no annual review in the big office at the end of the year, no haggling over the percentage of my increase, no influx of cash every two weeks without fail. So how do you give yourself a raise? … Read more
by Lela Davidson Retirement planning has come a long way. Thanks in part to the Baby Boomers, we seem to be bombarded with information and education about how to save for our golden years. But self-employed people need to do a little more… Read more
Fortune has an interesting article about the new compensation package awarded to CEO Ken Chenault. It is a massive option grant, but Chenault has to jump some pretty high hurdles to hit the mark.To receive the full grant, he must beat several goals… Read more
Fortune has a report on Corporate America's highest paid women. Single entrepreneurs take note, these women could fund all of your ideas! Unfortunately, the article does not mention their marital status, so you will have to do your own… Read more
Why Netflix increased its prices.
NPR takes a look at the money, promotion and risks behind Charlie Sheen's antics.
Bing wants to share daily deals, too--and just launched an aggregator to do it.
Forbes offers a solution to the Wisconsin standoff.
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