Out on the streetPhilip Purcell lost his job as top dog at Morgan Stanley, the global banking service. However, he will receive $250,000 a year for life, plus medical insurance and $43.9 million bonus money.
Mom! I got a job!James McNerney, the new top dog at Boeing aircraft, will earn a pay package totaling $53 million a year. Annual wages are a modest $1.75 million annually. The rest is business and stock options.
Note to inmatesKirk Shelton, former assistant top dog at the Cendant Corp., faces up to 15 years. He was convicted of inflating company earnings by $286 million. He asked the judge to grant him probation and community services. He says hes devoted to his family, works in the community, and has a reputation for integrity.
A nation of home owners?Utah Habitat for Humanity is facing major difficulty in its effort to build some low-cost housing. Hit by the run-away cost of building materials, the organization was able to build but two homes last year. This year it will be one.
Deep pocketsVice President Cheney must be purring. The Pentagon reports that Halliburton, the top war contractor, has passed the $9 billion mark. The latest deal is nearly $5 billion. Prior to his election, Cheney was top dog at Halliburton. Currently, he receives paid leave. The new contract was signed in May and disclosed in July. An Army spokesperson offers a lucid explanation: We did not announce this task order as this is really not something we ever really thought about doing.
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