Bankruptcy judge approves S&K sale (Times-Dispatch)
S&K Famous Brands Inc. is close to ending its storied run after a bankruptcy judge approved its sale yesterday after testimony from a company executive that the retailer could be out of money by the middle of June.
Massey’s Dark Side (Style Weekly)
Another phenomenal article by Peter Galuszka: Massey Energy may indeed be the most notorious company that many Richmonders have never heard of. Headquarters is a glum-looking, gray building at Fourth and Main streets downtown. The venerable Massey name conjures up positive images of cancer centers and philanthropy, the legacy of the family that founded the company in 1916 and later sold its interests. But Massey Energy’s reputation resonates throughout the Central Appalachian coal fields and in offices of eco-friendly investors from San Francisco to Manhattan in an altogether different way.
Continental cuts 87 more local jobs (Daily Press)
Continental AG’s Newport News manufacturing plant laid off nearly a third of its hourly workers last week, the latest and largest cutback in a string of layoffs for the battered auto-parts manufacturer.
U.S. Considers Financial Pay Guidelines (NY Times)
Any overhaul is likely to be tied to the Obama administration’s broader efforts to curb systemic risks to the economy. That means the new rules could apply to financial firms like hedge funds or private equity firms that never accepted money from the Troubled Asset Relief Program, or TARP. It would also mean greater oversight on compensation for banks that are seeking to return the TARP money in an effort to avoid the new strings attached to pay.
College graduates struggle to repay student loans (USA Today)
Many college grads are saddled with debt and unable to buy a home or obtain other credit. That can leave them in some cases unable to pursue the careers they studied for because they must take low-paying jobs just to try to keep up.
The real reason CEO compensation got out of hand (Slate)
If bosses set the salaries of their workers, who decides what the bosses earn? In a modern corporation, the task of setting the CEO’s pay falls to the board of directors, typically a subgroup of board members on its compensation committee. A CEO’s pay is partly a reward for leading the company and partly an inducement to keep him from leaving for greener pastures.
Inside the Entrepreneur’s Brain (Inc.)
Leading corporate consultant, Charles Jacobs discusses how brain structure can impact business management.
A New Take on Incubators (Entrepreneur)
Today’s incubators provide cutting-edge support for your startup.