Timothy Cook, Apple’s (AAPL) COO, who sat in while Steve Jobs was away ill, made a bonus valued at $22 million for his work. The bonus was awarded on March 10 and is discretionary, which means that the board did not specifically attached it to anything in Cook’s employment contract or the company’s executive compensation program
Posts Tagged other-content
Citigroup (C) CEO Vikram Pandit, recently hailed for turning the bank around after over a year of being blamed for its demise, only made $128,751 last year in total compensation, down from $38.2 million in 2008. Pressure from the government and his own shareholders forced him to take almost nothing for 2009 as a sign [[ This is a content summary only.
Earnings season is over. Well, sort of. We have the delayed reports and the reports from companies which have off-regular quarterly or fiscal earnings. Next week we have AthenaHealth, Inc. (NASDAQ: ATHN), Sequenom Inc.
The video game industry had another rough outing in February as revenue fell 15% from last year. Total sales of games and consoles totaled $1.26 billion in the US. Microsoft (MSFT) and Sony (SNE) at least gained ground from the first month of this year.
Top 10 Analyst Upgrades and Downgrades (ABT, ARO, BIIB, CELG, CADC, FACT, HBC, LMNX, EDU, SGI)
Mar 12
These are this Friday’s top analyst upgrades, downgrades, and initiations seen from Wall Street morning research calls: Abbott Laboratories (NYSE: ABT) Cut to Sell at Citigroup. Aeropostale (NYSE: ARO) Raised to Neutral at Piper Jaffray
Updated throughout the day. Janet Yellen will be nominated to be vice chair of the Fed (various) Meg Whitman’s former CEO of Ebay (EBAY) run for governor of California may be hurt by her investments in firms that may have profited from the recession (LA Times). Pierre-Henri Flamand of Goldman Sachs (GS) may start his hedge fund (The Telegraph).
Toyota’s US sales are recovering in March, as improbable as that may seem. Industry research group Edmunds.com said the Japanese company’s zero percent incentive plan has brought Toyota’s market share in the US back up to 16.8% from 12.8% in March. Edmunds reports that “Toyota’s daily retail sales rate is running at about 47 percent higher [[ This is a content summary only
Pfizer (PFE) and other big pharma companies have been under assault for several years as some of their most profitable drugs lose patent protection which creates low-priced generic competition. Pfizer has not been able to replace some of its most successful products fast enough to keep its margins high and has cut costs and laid off [[ This is a content summary only.
The Disposable CEO
Mar 12
It is proxy season and as public companies put out the lists of compensations for their CEOs it is plain that the recession did not do much to damage chief executive pay packages in most cases. New research shows that the recession was unkind to some CEOs who have recently lost their job as part of [[ This is a content summary only.
Markets in Asia were mixed. The Nikkei rose .8% to 10,751. The Hang Seng was down .1% to 21,208
