CEOs in Fortune 500 companies raking in 129 times their ‘ideal salaries’

October 28th, 2009 GM's Henderson calls executive comp plan 'fair'WASHINGTON — General Motors CEO Fritz Henderson says pay cuts for himself and other top executives at companies that received billions of dollars in taxpayer money were "fair" and "thoughtful." Henderson is among the executives at seven companies who will see their base salaries slashed under a plan by Kenneth Feinberg, the Obama administration's "pay czar." Henderson was meeting with lawmakers on Capitol Hill on Wednesday. He says the changes are "tough, but the situation is tough." Feinberg said last week he had ordered the companies to slash the base salaries of their top executives by an average of 90 percent and cut their total compensation — cash, stock and perks — in half.

October 23rd, 2009 Amid ad slump, Fortune redesigns business magazinePHILADELPHIA — Fortune is embarking on an ambitious redesign of its business magazine, as a vicious advertising slump is forcing the publication to cut the number of issues published and ditch old standbys like CEO covers to become more competitive. Fortune, a publication of Time Inc., said it will be publishing 18 issues a year, down from 25, starting in January.

October 11th, 2009 MUMBAI - Prime Minister Manmohan Singh Sunday said he expected a good rabi crop and added that the "worst is over" vis-a-vis the spiralling prices. Speaking here on the last day of campaigning for the Maharashtra assembly elections, Manmohan Singh said a good October-February rabi crop would positively influence the inflation scenario.

September 30th, 2009 CEOs see sales growing, but many still not hiringNEW YORK — An index measuring the expectations of 107 CEOs from among the nation's largest companies was at its highest level this year, with more than half expecting sales to grow in the next six months — but their outlook for capital spending remained stagnant, and 40 percent predicted more job cuts. The Business Roundtable said Tuesday its CEO outlook index rose to 44.9 in September from 18.5 in June.

August 21st, 2009 Rich NYC mayor: Drug CEOs don't make much moneyNEW YORK — Billionaire Mayor Michael Bloomberg defended multibillion-dollar pharmaceutical companies and their chief executives on Friday, declaring that they "don't make a lot of money" and shouldn't be scapegoats in the health care debate. The mayor — and wealthiest person in New York City with a fortune estimated at $16.5 billion — made the comments on his radio show Friday during a discussion about health care.

August 1st, 2009 WASHINGTON - The White House billed four corporate CEOS for having lunch with President Obama on Friday, a day after the latter organized a so-called "Beer Summit" with a black Harvard professor and a police sergeant where the drinks were on the house. According to Politico, the lunch was arranged in the private dining room located adjacent to the Oval Office.

June 25th, 2009 BBC says it will publish top executives' salariesLONDON — The BBC says it will publish the salaries of its top executives, amid a clamor in Britain for more openness about how taxpayers' money is spent. Director-general Mark Thompson says the state-funded broadcaster will publish the full salaries and expenses of its top 100 earners and decision-makers.

June 23rd, 2009 CEO outlook index up from record low, still weakNEW YORK — An index measuring the expectations of 95 CEOs from among the nation's largest companies showed an improved outlook from last quarter's record low, but many still expect declines in sales, jobs and capital spending. The Business Roundtable said Tuesday its CEO outlook index rose to 18.5 in June from -5 in March, the lowest level since the survey began in 2002.

May 8th, 2009 'Babyface' look can help black CEOs, study saysBlack Fortune 500 CEOs with a "babyface" appearance are more likely to lead companies with higher revenues and prestige than black CEOs who look more mature, an upcoming study says. In contrast with research showing that white executives are hindered by babyface characteristics, a disarming appearance can help black CEOs by counteracting the stigma that black men are threatening, according to the study from Northwestern University's Kellogg School of Management.

May 1st, 2009 List of highest-paid CEOs for 2008The 10 highest-paid CEOs for 2008 at Standard & Poor's 500 companies based on calculations by The Associated Press. The analysis includes companies that filed proxy statements with the Securities and Exchange Commission between Jan.

April 21st, 2009 WASHINGTON - The Fortune 500 may be dominated by male CEOs, but Indra Nooyi, Indian American CEO of Pepsico is listed fourth among '15 women (who) show what it takes to lead' some of the America's biggest companies. Fortune 500 Women CEOs listing of the US business magazine notes that since becoming CEO in 2006, Nooyi, 53, has grown the company's top line-revenue from 10 percent in 2008 to $43.3 billion - and raised its profile in some goodwill-engendering arenas Nooyi, who gets $13.4 million in compensation, has pushed PepsiCo to target health-conscious and female consumers, resulting in such new products as Smartfood's low-fat popcorn clusters, low-calorie Trop 50, and Starbucks Frappuccino Lite.

April 15th, 2009 WASHINGTON - Even as the American economy went into a tailspin, the median salary of chief executives of 200 large US corporations increased by 4.5 percent to $1.08 million last year, according to a new survey. On top of that, these corporations keep plying executives with generous freebies, despite the public outcry over private jets and other executive perks, said the survey released Tuesday by AFL-CIO, the country's largest labour federation.

April 10th, 2009 NOIDA - Fortune Park Hotels Ltd., today announced the opening of its property, 'Fortune Inn Grazia', in the centrally located Sector 27 of Noida. Fortune Inn Grazia is the second operational Fortune Hotels property in the NCR region after Gurgaon and there are five more to open in the near future.

April 10th, 2009 NOIDA - Fortune Park Hotels, a wholly-owned subsidiary of ITC Ltd, Friday opened its second property in Noida after one in Gurgaon and intends to come up with five more in the national capital region (NCR) in near future, a senior company official said. 'With a large number of corporate and other institutions based in the region, we are sure of receiving good response for our hotel,' Fortune Hotels president Suresh Kumar said after the opening of Fortune Inn Grazia.

April 8th, 2009 WASHINGTON - Weight bias may contribute to the glass ceiling on the advancement of women to the top levels of management, according to a study. Mark Roehling, an associate professor of Human Resource Management at Michigan State University (MSU), has found that overweight and obese women in the U.S.