Archive for the ‘Business Stories’ Category

FRITZ HENDERSON NAMED CEO OF ENERGY SPIN-OFF

By Drew Johnson Former General Motors CEO Fritz Henderson has finally found himself a new job, landing the position of CEO at Sunoco spin-off SunCoke Energy. SunCoke is expected to be separated from Sunoco sometime during the first half of next year. Until SunCoke is spun-off from Sunoco, Henderson will serve as the company’s senior vice president. […]

GM’S GIRSKY PAID $1.4M IN ATTEMPT TO SAVE SATURN

By Mark Kleis According to recently revealed documents as a result of General Motors’ IPO filing with the SEC, it has been confirmed that Stephen Girsky was compensated $1.4 million for consulting work aimed at saving the Saturn brand. Prior to joining GM as a member of the adviser board, analyst Stephen Girsky was approached by the […]

The Layoff Kings: The 25 Companies Responsible for 700,000 Lost Jobs

Between December 2007 (when the recession officially began) and last month, more than 8 million Americans have lost their jobs, according to the government. Of those job losses, 700,000 stem from layoffs at just 25 companies, according to 24/7 Wall Street’s analysis of data from employment consulting firm Challenger, Gray & Christmas. Here is the list: […]