Archive for the Human Resources Category
Hewlett-Packard’s Ex-CEO Hurd Let It Happen
Reading accounts of why Hewlett-Packard’s board of directors fired CEO Mark Hurd shows how his cover up of a personal relationship with an H-P marketing coordinator caused the H-P board to take decisive action.
Reports state that the board took action because he had a personal relationship with Jodie Fisher. Perhaps more importantly, Mr. Hurd filed [...]
Citibank Settlement Punitive to Shareholders?
The Securities and Exchange Commission announced that it’s come to a $75 million settlement with Citigroup. While on the surface it seems that this is a clear-cut case of people finally winning against banks who were knowingly deceptive, the people who did the wrongdoing will likely not be footing the bill when all is said [...]
The FHA Still Works for Main Street
With all the news about government overspending and private institution’s unbridled greed, it’s easy to forget that there’s plenty of laudable work being done on behalf of America.
There was a lot of pessimism in the wake of the Great Depression as well, when it seemed no one would come to the rescue of ordinary working [...]
Manufacturing Grows, but at a Slower Pace
Manufacturing in the United States has expanded for the twelfth consecutive month over the course of July, but the pace of this growth has slowed from last month.
The Institute of Supply Management or ISM index of U.S. manufacturing dropped to 55.5 in July from 56.2 just a month ago. Any number over 50 is a [...]
Dudley Sets up $100M Relief Fund
New BP CEO Bob Dudley knew that walking into this job at this juncture wouldn’t be the kind of golden parachute many of his executive pals are able to enjoy. The person who inherited this disaster would be similar to whoever took office in 2008: Not too much to celebrate in the state of the [...]
Schawarzeneger Declares Fiscal State of Emergency
Since the 2008 meltdown, there has been much mentioned of California and it’s yawning budget deficits. The state is massive, massively under-funded, and possessed of the most elaborate network of social services in America.
This is not an ideological battle between liberal and conservative politics; California, like all states has the right to whatever services it [...]
Exxon Mobil Doubles Earnings in 2Q
Exxon Mobil Corporation reported double their expected quarterly earnings this week. This estimate clearly beat expectations handily, but these earnings raise some very troubling concerns for the American people.
The world’s largest public energy company reported net income of $7.56 billion, or $1.60 a share, in the second quarter, up 85% from $3.95 billion, or 81 [...]
