$56 million golden parachute? That's what awaits Heinz CEO William Johnson if he is fired by the company's new owners. In addition to the $56 million golden parachute, Johnson is entitled to a payout of $99.7 million in vested stock and $57 million in deferred compensation benefits that he accrued over his 30-year career with Heinz.
The possible bankruptcy of Energy Future Holdings shows how tough it is to make profits in wholesale power – or finance new coal plants. The fracking revolution is reshaping the energy landscape.
In weighing tax reform, Congress has its eye on the charitable tax deduction – as a 'loophole.' It needs to first look at the changing ways that Americans give and then act to safeguard charity in all its forms.
The amount of trash collected during this year's blocos, or street parties, grew 30 percent from last year – and tourists noticed, with 1 out of 4 citing sanitation as a negative of their Rio Carnival experience.
The ruling party praised the mining magnate, Patrice Motsepe, and said he was part of a 'patriotic bourgeoisie' of rich black South Africans with a social conscience.