What are we to make of Roche's new $93 per share offer for Genentech? BNET previously suggested that market conditions were so rough that Genentech holders should take the low-ball $86.50 offer that Roche made when it went hostile a few weeks ago. Looks like that was wrong! Roche chairman Franz Hume...

American Apparel "almost went bankrupt" before Xmas according to internal emails allegedly stolen from CEO Dov Charney's porn-based advertising/clothing empire. Now the SEC is eyeing the company, according  to the New York Post, based on the emails. Back on Jan. 15, BNET noted that American Apparel...

It may be hard to believe that professional sports in America are now feeling the recession. The Yankees are still willing to shell out $160 million dollars to pitcher CC Sabathia. And you'd think TV ad budgets for sports will stay steady. Presumably, more fans will tune in for a distraction from al...

Back in June 2006, when Hank Paulson agreed to become Treasury Secretary, you had to wonder what he was thinking. Paulson, then the CEO of Goldman Sachs, had one of the most lucrative jobs in the world, and perhaps the most prestigious job in finance. And he was going to an administration that was f...

Meet the new poster boy for excessive CEO pay. He is ousted American International Group CEO Martin Sullivan. Sullivan was kicked out of office this week after shareholders and investors complained that the insurance and financial giant posted two quarters of gigantic losses. According to figures fr...

Suggesting a softer, more nuanced approach is needed regarding executive compensation issues, a new group of 36 Fortune 100 companies is setting up an advocacy group in Washington to offer an alternative to the hard-liner Business Roundtable. Called the Center on Executive Compensation, the group ha...

The ghost of Terry Semel still hangs over Yahoo, as well as its financials. Semel, who joined Yahoo in 2001 after 24 years of rising through the ranks at Warner Bros. studios, steered the company through hard times, eventually driving the stock to a record high of $43 in January 2006. Then his magic...