In what is now widely and infamously known for the near collapse of the financial sector in the United States, the Federal Reserve ignored warning signs associated with massive sub-prime lending for nearly two years. In the wake of this disaster, the Fed had to make decisions about what banks to save with an infusion… Read more »
Monthly Archives: December 2009
Build A Better Hamburger
Payam Tabibian has been on the run all his life. After fleeing Iran with his family more than 25 years ago, the entrepreneur has been moving from one small business to the next throughout his business career. Tabibian worked in fast-food chains throughout school and is now developing his own hamburger chain using knowledge gained… Read more »
Deep Six Executive Bonuses
Noted management guru Henry Mintzberg critiques the current system of bonuses for top-level managers. His contention is that bonuses do not accomplish what they exist to do – ensure sustained health of a company. Instead, Mintzberg argues that bonuses encourage CEOs to gamble away long-term performance for short-term gains that drive up compensation. His solution?… Read more »
Brooks & Dunn Are (Done)
Hailed as country music’s top recording duo for nearly two decades, Brooks & Dunn are ending their collaboration after a 2010 farewell tour. Coming together was the brainchild of Arista accountant Tim DuBois. The singers’ styles and personalities are quite different and, ultimately, these differences helped them know when it was time to end the… Read more »
Keeping Nike Cool
Under the leadership of CEO Mark Parker, Nike is revamping its image and shifting its focus. Rather than ride its dominance in the athletic shoe market, Parker is following trends and repositioning Nike to capitalize on the digital age. Part of Parker’s strategy for Nike involves reducing staff and moving away from brand image. The… Read more »
