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"Deeply disappointing" fourth-quarter writedowns have Morgan Stanley Chief Executive John Mack bypassing his year-end bonus — and he is unlikely to be the only Wall Street CEO giving up tens of millions of dollars in holiday money.
John Mack's record for the biggest bonus ever paid to a Wall Street chief executive didn't last even a week. It was smashed by the $53.4 million that Goldman Sachs gave its chief executive, Lloyd Blankfein.
Missouri isn't called the 'Show Me State' for nothing, and Claire McCaskill showed the entire country why. In a speech on the Senate floor today, she spoke in harsh and powerful tones against a Wall Street whose greed seemingly knows no bounds.
MooPeople should stop picking on vice-presidential nominee Sarah Palin because she hired a high school classmate to oversee the state agriculture division, a woman who said she was qualified for the job because she liked cows when she was a kid.
Why Income Inequality Matters: The Naked Economist I'm not asking if we should care about the well-being of our poorest citizens. We should. This is a more subtle question: Should we care about the size of the gap between the rich and poor?
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