European investors rail at big executive pay amid stock drops
European investors protest soaring executive salaries at Deutsche Telekom Vodafone and Vivendi Universal as stock prices fall. Ron Sommer resigned after a 90 percent drop and 17.4 million euro pay for top managers. Vodafone faces a July 31 vote. Vivendi Universal ousted Jean-Marie Messier amid a 5.1 million euro package and 835,000 stock options.
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Frankfurt
Germany
U.S
United States
Vivendi Universal
Vodafone
Deutsche Telekom
Ron Sommer
Sommer
Telekom
Europe
France
Gerhard Schroeder
Edmund Stoiber
Stoiber
Rolf Drees
Union Investment Group
Britain
Verizon Wireless
Jean-Marie Messier
Messier
DaimlerChrysler
Daimler-Benz
Chrysler
CEOs must shed public persona and return to business
AP reports CEOs should give up celebrity status and focus on running firms ethically and effectively. Experts say the era of the celebrity CEO is over as accountability rises and attention to executives distracts from company operations. The emphasis shifts to serving employees, customers, and shareholders with disciplined leadership.
MENTIONED IN THIS ARTICLE
New York
Marquis
Joe Goodwin
Goodwin Group
Hollywood
Enron Corp
Kenneth Lay
ImClone Systems Inc
Bel-Air
Global Crossing Ltd
Gary Winnick
al Vicere
Smeal College of Business
Penn State University
W. Scott Sherman
Graziadio School of Business
Pepperdine University
Bush economic team draws critics amid market unease
Washington AP reports President Bush’s economic advisers face skepticism from Wall Street and Congress amid market distress and policy clashes. O’Neill and Pitt face calls for resignation. Cheney remains visible but sidelined by Halliburton probes.
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Bush
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Dwight Eisenhower
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Clinton
Robert Rubin
New York
America
Harvey Pitt
Securities and Exchange Commission
Congress
Senate
Tom Daschle
D-S.d
John McCain
O’neill
Pitt
Ari Fleischer
Trade deficit hits record 37.6 billion in May
The Commerce Department reports May imports surged 1.8 percent to 118.3 billion while exports rose 0.7 percent to 80.6 billion boosting the US trade gap to a record 37.6 billion. Automobiles parts and consumer goods set monthly records as lawmakers debate fast track trade authority.
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United States
Commerce Department
U.S
Congress
Bush
House
Senate
White House
America
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Kim A. Ketter
Les Palmer
Bill Hartmann
Roger D. Tippy
Carl E. Payne
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Brad Arnold
Dana Zimbro
Bob Loucks
Giant City
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Agedwards.com
Mene
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Wade
Monroe
Buck Miller Tire
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