With a pension ranking in the top 10% of public companies, Bill Weldon recently left pharmaceutical leader Johnson & Johnson with $143.5 million. $48.4 million is accumulated pension benefits added to $95.1 million more in deferred compensation. “Imagine if $143.5 million had been invested to improve quality control procedures?” asked Ed Silverman in Pharmalot....
What was universally described as “abrupt,” Stephen P. MacMillan resigned as CEO of Stryker Corp. weeks ago. The Kalamazoo, Mich. company manufactures medical technology such as hip and knee replacement parts and orthopedic tools. MacMillan had been well-regarded as he guided Stryker to growth...
Venerable American retailer Sears has hit tough times, closing 100 to 120 stores to save costs. The hedge fund manager who took over the company, chairman Edward Lampert, is selling 1,200 stores to help ease the cash strain. In other real estate transactions, Lampert...
After AT&T was rebuffed by U.S. anti-trust regulators in their effort to purchase T-Mobile for $39 billion, the telecom...
This week former FBI director Louis Freeh told Congress about progress being made in his effort to untangle the...
Diamond Foods, the snack food giant which built its empire on almonds and other nuts, canned their CEO and...
