CarMax CEO gets comp of $2.96M in fiscal 2009 (Merced Sun-Star)
Tom Folliard, CEO of Carmax, recieved a compensation package worth more than $2.96 million. That is up five percent from last year, and most of the compensation is from the value of stock and option awards.
Virginia losing farmland at fast pace (Times Dispatch)
Farmland in Virginia is disappearing at a rate of between 50,000 to 70,000 acres a year as more farmers retire without children who want to carry on the family tradition. On the flipside, production has increased on remaining land due in part to advances in technology.
As cigarette sales dip, new products raise concerns (USA Today)
Philip Morris and other major tobacco manufacturers are turning to smokeless tobacco products in the face of smoking rate declines and public bans. Sales of smokeless products are growing while those for cigarettes are falling.But as the new products are rolled out, health experts are expressing worry that they aren’t any safer.
Small Businesses Brace for Tax Battle (Washington Post)
When President Obama vowed not to increase taxes on families making less than $250,000, he placed the tax burden on the shoulders of the nation’s wealthy and its small business. So far, an additional $1.3 trillion in taxes for business and high earners have been proposed over the next decade including limits on defered overseas taxes and the repeal of certain inventory accounting methods.
Chrysler and Union Agree to Deal Before Federal Deadline (New York Times)
Union leaders said Sunday that they had reached an agreement with Chrysler that meets federal requirements for the automaker to receive more financing.
How Bernie did it (Fortune)
After it detonated five months ago, Madoff’s scheme — possibly the biggest investment fraud in the nation’s history — has remained among the hardest to penetrate. But an investigation by Fortune reveals some of the finer details of the investor’s infamous scheme.
Get Your Hands on Stimulus Money (Entrepreneur)
Gus Ezcurra, CEO of Advanced Telemetry, explains how business owners can take advantage of the stimulus bill’s energy rebates.