Typical CEO made $9.6M last year, AP study finds
NEW YORK (AP) — Profits at big U.S. companies broke records last year, and so did pay for CEOs.
- On top of big salaries, companies pile on perks
In the small world of big CEOs, the perks can be spectacular.
- Top CEO pay equals 3,489 years for typical worker
WASHINGTON (AP) — David Simon of Simon Property received a pay package worth more than $137 million for last year, and the typical CEO took home $9.6 million, according to an analysis by The Associated Press.
Apple CEO Cook gives up $75M in stock dividends
NEW YORK (AP) — Apple CEO Tim Cook is giving up $75 million in dividends on restricted stock that the company is awarding to all of its employees.
Stocks fall on Wall Street as Spanish bank teeters
NEW YORK (AP) — Another flare-up in Europe's debt crisis knocked U.S. markets lower Friday. This time, it was more trouble at a major Spanish bank.
More travelers to hit the road this Memorial Day
NEW YORK (AP) — More Americans will hit the road this holiday weekend than a year ago. And they'll have a bit more money to spend thanks to lower gas prices.
- Icahn spends $785M on Chesapeake Energy stake
NEW YORK (AP) — Activist investor Carl Icahn has taken a sizable stake in Chesapeake Energy Corp. and is calling for at least four of company's directors to be replaced.
- Sycamore not ready to pull trigger on Talbots deal
NEW YORK (AP) — The women's clothier Talbots Inc. said Friday that a deadline expired without a deal in its exclusive talks about being acquired by a private equity firm and that it will actively pursue other options.
- Oil holds near 2012 low
NEW YORK (AP) — The price of oil held near the lowest levels of the year on a quiet Friday ahead of the holiday weekend.
- Bank of America, Barclays sell Archstone stake
NEW YORK (AP) — Bank of America Corp. and Barclays Bank PLC are selling their stake in the apartment building owner Archstone to Lehman Brothers Holdings Inc.'s bankruptcy estate for $1.58 billion.
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