Archive for the Management Category
Chevron to Downsize, Sell off Overseas Operations
Tuesday the Chevron Corporation said that will cut 2,000 jobs this year and begin selling off operations based overseas in an attempt to revamp it’s current business model. Chevron’s refining, marketing, and transportation are all in need of remodeling and reevaluation in order for the company to become a more profitable entity in the global [...]
Wal-Mart Expands Into the Digital Marketplace
There are few sentences that include both the words “Wal-Mart” and “expansion” that would shock many people. Wal-Mart has always been a symbol of corporate gigantism, and their lightning-fast expansion into the American marketplace would make the black plague envious. Wal-Mart has moved quickly and aggressively into so many marketplaces, which when coupled with rock [...]
Citigroup CEO Thanks Taxpayers
You read that correctly, it’s okay April Fool’s is still a little ways off. Vikram Pandit, the CEO of Citigroup thanked taxpayers for their help in the form of more than $40 billion dollars in TARP funds.
Sure, this may simply have been a shrewd move on behalf of now seasoned criticism taker, the apology came [...]
Should the Government Get a Raise?
The recent crisis and pending solution for Greece’s economic troubles have a lot of people wondering: how much can be saved by cutting government spending? Particularly, how much would we be able to save if we were to actually reduce government salaries in America?
America was only too quick to jump on executives of large financial [...]
Can the Fed Head Consumer Protection?
A U.S. Senate effort to create a consumer protection unit in the Federal Reserve encountered a wall of resistance from lawmakers over the scope of the powers planned for the regulator.
Senator Bob Corker (R-Tenn) as well as Banking Committee Chairman Christopher Dodd (D-Conn.) drew immediate complaints from colleagues today for suggesting a new department within [...]
Banks Do The Right Thing to the Surprise of Millions
This has been the era in which America has ended its love affair of the Gordon Gecko-inspired financial executives and the “greed is good” mentality that they acted out in the form of the derivatives crisis. People are no longer envious of these opulently wealthy executives, nor do they have much latitude for the continuing [...]
Comparing the 1929 collapse to the 2009 recession
In the fall of 1929 the stock market just collapsed in on itself. Stock prices were pumped up to obscene levels, and they were purchased on razor-thin margins. It was the end of the wild early days of the stock market, and fortunes were lost, banks were ruined, and subsequently jobs and homes were lost [...]
