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PBS' Frontline program on Tuesday night broadcast a new one-hour report on one of the greatest and most shameful failings of the Obama administration: the lack of even a single arrest or prosecution of any senior Wall Street banker for the systemic fraud that precipitated the 2008 financial crisis: a crisis from which millions of people around the world are still suffering. What this program particularly demonstrated was that the Obama justice department, in particular the Chief of its Criminal Division, Lanny Breuer, never even tried to hold the high-level criminals accountable. What Obama justice officials did instead is exactly...

The annual expo of oil and gas prospects and industry networking, NAPE Conference, is blasting President Barack Obama and Texas EPA Czar Al Armendariz, a professor at Southern Methodist University in Dallas, Tx. for enforcing a stranglehold of regulations against them. According to the Houston Chronicle, “speakers are sparing no jabs in taking the White House to task for three years of policies that they say have reinforced the nation’s tether to oil imports and kept gasoline prices high.” Bruce Vincent, president of Houston-based oil and natural gas producer Swift Energy, said, “these have been the most difficult three years...

Senior executives at Solyndra collected hefty bonuses -- ranging from $37,000 to $60,000 apiece -- as the Fremont company bled cash and careened toward bankruptcy this summer. Bankruptcy documents filed in Delaware earlier this week reveal that more than a dozen senior executives at the defunct solar manufacturing company were awarded sizable quarterly bonuses April 15 and again July 8. Solyndra ceased operations in late August and filed for bankruptcy Sept. 6. About 1,100 employees were laid off without severance pay. The bonuses, awarded to more than a dozen executives, came on top of what were already highly competitive salaries....

President Obama met with executives from the nation’s largest corporations and demanded large cash payments for education. Corporate bosses eagerly agreed to fork over what amounts to additional taxes for a schools system that does little to educate future employees. President Obama agreed to do nothing in return to improve the state of the public schools. He orated: “We’ll tell you what you need. Your job is to feel guilty and sign checks.” Corporate executives and government officials held hands and sang verses from Gilbert and Sullivan, with an especially rousing rendition of “We are the very model of a...

For the seventh year in a row, a survey of chief executives has ranked California as the nation's worst state in which to do business. More than 500 U.S. CEOs polled by Greenwich, Conn.-based Chief Executive magazine based their opinions on numerous factors, including regulations, tax policies, work force quality, education resources, quality of living and infrastructure

The founders of the three largest online poker sites were indicted by the FBI on Friday in what could serve as a death blow to the thriving industry. Eleven executives at PokerStars, Full Tilt Poker and Absolute Poker were charged with bank fraud and money laundering in an indictment unsealed in a Manhattan court. Two of the executives were arrested on Friday morning in Utah and Nevada. Federal agents are searching for the others. Prosecutors are seeking to immediately shut down the sites and to eventually send the executives to jail and to recover $3 billion from the companies. By...

Michael Savage has obtained exclusive information of Executives traveling with Obama to Rio. No known English language news agency has published the names of this list yet, Savage is the first. To read the names go to MichaelSavage.com he has made them available to the public. More to come. - Mike Mazzeo, The Free World Blog

<p>A backlash against China's powerful presence in the Zambian economy has been triggered by an incident in which 11 miners were shot by Chinese managers.</p> <p>Police said that the Chinese executives opened fire on workers protesting against poor pay and conditions at the Collum coal mine in the southern Sinazongwe province on Friday.</p>

Poll: Should Congress set restrictions on executive pay? A Daily Poll.

President Obama sent a clear message to corporate executives and Republicans opposing his stimulus plan — he's in charge. In sternly worded remarks from the Grand Foyer of the White House Wednesday morning, Obama decried excessive executive bonuses and severance packages as "the height of irresponsibility," and he announced that he is capping compensation for executives who receive "extraordinary help" from the federal government at $500,000. "For top executives to award themselves these kinds of compensation pacakages in the midst of this economic crisis is not only in bad taste, it's a bad strategy, and I will not tolerate it...

Detroit's Big Three refused to adopt the bottom-up approach that Toyota, Nissan and other international manufacturers used to achieve success. The failure is even more egregious because GM, Ford and Chrysler management knew about the bottom-up secret to Japanese auto-making success and ignored it. Time magazine describes the painful, lost opportunity the top-down management mindset of Henry Ford bequeathed to the Big three produced: Of all Detroit's failures – the failure to master small cars, failure to cut costs, failure to get tough with the UAW, failure to improve fuel efficiency – the failure to learn, says MacDuffie, is perhaps...

At a time when scores of companies are freezing pensions for their workers, some are quietly converting their pension plans into resources to finance their executives' retirement benefits and pay. In recent years, companies from Intel Corp. to CenturyTel Inc. collectively have moved hundreds of millions of dollars of obligations for executive benefits into rank-and-file pension plans. This lets companies capture tax breaks intended for pensions of regular workers and use them to pay for executives' supplemental benefits and compensation....

WASHINGTON - Senators told oil executives Wednesday that high oil prices cannot be explained by supply and demand and the oil industry's concentration — and OPEC price collusion — is contributing to the costs facing consumers. ADVERTISEMENT Executives of the five largest oil companies were appearing before the Senate Judiciary Committee. Committee Chairman Patrick Leahy, D-Vt., said there's an unexplained "disconnect" between prices — at nearly $130 a barrel — and legitimate supply and demand. "We need to get prices under control.... We can only conclude that the oil markets have failed," said Sen. Herbert Kohl, D-Wis. But Shell Oil...

From Times OnlineApril 23, 2008 Executives harpooned by online 'whalers' Spies and conmen target bosses in e-mail attacks to install malicious software with access to most privileged data Jonathan Richards Corporate bosses have become the latest target of cyber-criminals, after a string of attacks in which senior management have been singled out to receive fraudulent e-mails. Internet fraudsters have taken to sending personally addressed e-mails to chief executives and other high-level executives with a view to installing malicious software on computers that have access to the most privileged company information. In the latest e-mail scam, known as "whaling" because it...

With all the madness in the world, I meditated Tuesday on two matters of great gratitude. One is that through vigilance and good fortune we have, so far, gone six years without another major attack on U.S. soil. The other is that I wasn't one of the Texas officials who was forced to attend a workshop in Austin in which PR flacks would try (under a $20,000 contract) to teach me techniques for selling Gov. Perry's massive toll road boondoggle. It was a small part of a $7 million to $9 million campaign that will include feel-good ads pushing Perry's...

WASHINGTON, April 20 -- The U.S. House of Representatives Friday approved a bill that would give stockholders a right to cast non-binding votes on the pay of top company executives. The "say on pay" bill, which passed 269-134, would also let shareholders vote on any executive "golden parachute" compensation negotiated as part of a purchase or sale of a company. After the vote, presidential hopeful Sen. Barack Obama, D-Ill., promised to introduce what an aide described as an "identical" bill in the Senate. The bill would give "shareholders the power to debate and fight back against exorbitant executive compensation," Obama...

EMC's top salesman Dave DeWalt has left the storage giant to saddle up as CEO and president of security firm McAfee DeWalt joined EMC in 2003 when it bought his last CEO charge Documentum in 2003. After a management reshuffle last summer, some analysts put him in the race to succeed current EMC CEO Joe Tucci. DeWalt's responsibilities as EMC's executive VP and president of customer operations and content management and archive fall to current vice chairman Bill Teuber. DeWalt, 42, will take over from McAfee's interim boss Dale Fuller on April 2, who will serve as an advisor to...

The U.S. Transportation Department's inspector general has urged the FAA to consider disciplining two executives who failed to correct false information provided to the commission that investigated the September 11 attacks, the New York Times reported on Saturday. Citing the report by the acting inspector general, Todd Zinser, whose office acts as the department's internal watchdog, the Times said the Federal Aviation Administration executives, as well as a third, now-retired official, learned after the fact that false information was given to the commission in May 2003 about the FAA's contacts with the Air Force on the morning of the attacks....

The University of California's Board of Regents should show more respect for the taxpayers. The UC system is embroiled in a scandal over secret compensation deals and lavish perks. So what do the regents do last week? Approve large raises for top executives. Few of us would begrudge UC employees a modest raise to cover the rising cost of living. But the regents last week approved $770,000 in raises for 71 UC executives, some getting pay hikes of as much as 15 percent. "They have the greatest disparity to the comparable positions elsewhere," Judith Hopkinson, chairman of the regents' compensation...

The University of California's Board of Regents created three high-ranking jobs to supervise the system's troubled finances Thursday, the same day it agreed to let about 60 top executives keep some $1 million in extra compensation they weren't supposed to get. The regents retroactively approved the raises and other perks, most of which audits had revealed were obtained by the president's office without going through the proper channels. Three separate audits - performed by the Bureau of State Audits, an outside firm and the university's internal auditor - were launched after the San Francisco Chronicle reported that executives were getting...