In an era of CEO pay gone wild, Jim Sinegal is the steal of the century. The co-founder and chief executive of Costco earns a salary of just $350,000 , richly refuting the boardroom notion that CEOs of billion-dollar corporations require pay packets to match
To meet the future of retail banking, cross Moi Avenue into the rougher part of downtown Nairobi, pass the Chicken Spot restaurant and squeeze between four stalls selling counterfeit mobile phones, and you’ll reach a door and behind it a tiny room containing a hat stand, a wall calendar, a strip light and a desk. Patrick Maina’s offices don’t look like a bank, his bank Safaricom doesn’t sound like one, and Maina doesn’t appear at all like a banker: 38 years old, he likes his suits iridescent and his head shaved; his manner is friendly and modest
For months, National Tea Co., sixth largest U.S. retail grocery chain, had squirmed under the critical gaze of one of its new stockholders.
Preliminary data indicates Black Friday sales got off to a roaring start this year, with consumers shopping earlier and online sales increasing significantly over last year. Retailers across the board reported strong crowds early Friday, with high-definition televisions, laptops, winter coats and the popular toy Zhu-Zhu pets among the hottest items.
Preliminary data indicates Black Friday sales got off to a roaring start this year, with consumers shopping earlier and online sales increasing significantly over last year.
Bank of England Governor Mervyn King this week launched a scathing attack on Britain’s banking sector, calling for a break-up of behemoth financial institutions that have taken billions of public money to stay afloat. King says Britain’s Main Street banks should be separated from their risky investment arms to dissolve a culture in which some banks can fall back on the knowledge that they are “too important to fail” and thus can keep gambling with vast amounts of public cash.
King says Britain’s Main Street banks should be separated from their risky investment arms to dissolve a culture in which some banks can fall back on the knowledge that they are “too important to fail” and thus can keep gambling with vast amounts of public cash. The governor’s comments come as leading financial houses — including recipients of taxpayer-funded bailouts — prepare to pay out large bonuses, angering many who fear this signals a return to pre-economic crisis rewards for reckless profit-seeking
There I was, trying to wedge a microphone under my arm while simultaneously pressing colored buttons on a plastic guitar with my left hand, strumming it with my right hand and crooning, “I want to hold your hand …” So while it’s theoretically possible, “The Beatles: Rock Band” — whose 9/9/09 release coincides with the debut of remastered versions of the Beatles catalog — should not be played alone. Besides the impracticality of multiple-instrument play without the right equipment, there is something rather lonely about attempting to play in a world-famous band by yourself.
During these dog days of summer, the nation’s department stores are still cold. According to the retail-sales statistics released by the Commerce Department on July 14, June department store sales dipped 1.3% compared to sales in May of this year, and were down 9.4% compared with June of 2008
Microsoft recently announced retail pricing for Windows 7 that was at or below comparable Windows Vista prices, while also offering a chance for people to preorder the software at a substantial discount. From Friday through July 11, consumers in the U.S