General Motors Co. said today that its Chief Executive Dan Akerson will not take a pay raise this year.
Documents filed with the House Committee On Oversight and Government Reform showed that GM was asking the U.S. government to OK a $2.1 million raise for Akerson. The government still owns part of GM and when the automaker took a $49.5 billion bailout, it agreed to have executive pay approved by government.
If I wrote operas, my next work would be called DSKNY. That's a snazzy abbreviation for Dominique Strauss-Kahn New York. The idea came last night when colleagues invited me for cocktails at the Sofitel Hotel, the site of DSK's alleged sexual assault of a hotel maid in 2011, and the beginning of his fall from grace.
When we asked you (via our Facebook page) to tell us about the weekday challenges your families face, given the competing demands of work, commutes, schoolwork and activities, you didn't hold back. Especially on the subject of squeezing in a family dinner.
There's reason to be optimistic about the market for recorded music around the world, according to a new report released by the International Federation of the Phonographic Industry. For the first time since 1999, the report says, the global trade value for the recorded music industry (a slightly vague/confusing term for record sales) went up last year by about 0.3 percent.
A new round of international talks on Iran's nuclear program is under way in Kazakhstan, where the U.S., Britain, France, China, Russia and Germany are asking Iran to give up any thought of building a nuclear weapon in exchange for relief from sanctions.
Western leaders do not predict a breakthrough, but they say small steps could be taken that would increase confidence on both sides.
Still, it's hard to imagine how such negotiations could proceed with lower expectations for progress.