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Business
3:24 am
Tue May 21, 2013

CEO Cook To Defend Apple Before Senate Committee Hearing

Apple CEO Tim Cook speaks during an introduction of the iPhone 5 in San Francisco on Sept. 12. The Senate Permanent Subcommittee on Investigations says Apple is paying billions of dollars less than it should in taxes each year, taking advantage of technicalities in U.S. and Irish tax laws.
Eric Risberg AP

Originally published on Tue May 21, 2013 10:13 am

Giant technology firm Apple is paying billions of dollars less than it should in U.S. taxes each year, according to a report by the Senate Permanent Subcommittee on Investigations. In a hearing Tuesday in Washington, D.C., Apple CEO Tim Cook will defend the company.

The subcommittee's report says Apple avoids the tax payments mainly by shifting profits to three subsidiary companies in Ireland. The investigation found Apple is taking advantage of technicalities in U.S. and Irish tax laws to avoid paying any tax on a huge portion of its profits.

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Business
3:22 am
Tue May 21, 2013

JPMorgan Shareholders Consider Splitting CEO, Chairman Jobs

Originally published on Tue May 21, 2013 10:13 am

Transcript

STEVE INSKEEP, HOST:

JPMorgan Chase holds its annual shareholder meeting today in Tampa, Florida, and the shareholders will vote on a key measure: a proposal to strip the CEO, Jamie Dimon, of his other title, chairman of the board. A growing number of companies have split the CEO and chairman roles.

Shareholder activists and corporate governance experts say having a balance of power at the top helps to reduce risk. The bank and its supporters disagree. NPR's Yuki Noguchi reports.

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The Record
2:15 am
Tue May 21, 2013

The Doors' Keyboard Counterpoint Goes Silent: Remembering Ray Manzarek

Ray Manzarek (far right) stands with fellow members of The Doors Jim Morrison (from right), Robby Krieger and John Densmore in 1968. Manzarek died Monday in Germany. He was 74.
Express Getty Images

Originally published on Tue May 21, 2013 12:43 pm

Ray Manzarek, the founding keyboardist of the Los Angeles rock band The Doors, died in a clinic in Germany on Monday after a lengthy battle with bile duct cancer, according to his publicist. He was 74.

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Author Interviews
2:09 am
Tue May 21, 2013

After Crashing In Canadian 'Abyss,' Four Men Fight To Survive

Originally published on Tue May 21, 2013 10:13 am

On the night of Oct. 19, 1984, Erik Vogel was uneasy about flying. It was snowing; his plane's de-icer and autopilot weren't working; and his co-pilot had been bumped to fit one more passenger on his 10-seater. But the young pilot was behind schedule and he felt like his job was on the line, so he took off, as he did most days, shuttling between the remote communities that dot the Canadian wilderness.

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Author Interviews
2:08 am
Tue May 21, 2013

Courtside Chemistry: How NBA's Phil Jackson Won 'Eleven Rings'

Originally published on Tue May 21, 2013 10:13 am

Phil Jackson is famous not only for coaching stars — Michael Jordan and Scottie Pippen with the Chicago Bulls, Kobe Bryant and Shaquille O'Neal with the L.A. Lakers — but also for his distinctive "zen" approach to basketball. He introduced his teams to yoga and meditation, and regularly assigned his players books to read.

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