Do the highest-paid CEOs do the best job?
According to a 10-year study, apparently not. The highest-paid CEOs deliver shareholder returns 39% lower than CEOs who are paid less than the median for chief executives of big companies.
Take a look at this list of the 25 highest-paid CEOs...
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Coca-Cola CEO Muhtar Kent snagged an outrageously high bonus last year. Over $3 million, to be exact.
However, the company reported dismal financial results, and its stock has fallen over 8% over the past year.
Now, shareholders are livid...
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Popular messaging app WhatsApp is now being used by Wall Street's elite.
It's insider trading at its finest, and they are getting away with it...
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Caterpillar's alleged tax evasion scheme for which the feds conducted a raid recently isn't something new.
In fact, a company whistleblower alerted authorities to the Fortune 500 firm's scandalous behavior years ago.
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Thanks in part to notorious "Pharma Bro" Martin Shkreli, the U.S. feds caught wind of one very bad pharmaceutical apple.
This company had raised the price of one drug over 85,000%...
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The plot to socialize your retirement has begun.
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Herbalife is in the news again yet again for its predatory business practices…
On Nov. 7, 2016, HBO's "Last Week Tonight" host John Oliver went after HLF's uncanny resemblance to a pyramid scheme.
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I was excited to get news on Friday that the U.S. Department of Justice was breathing down the neck of ratings agency Moody's Corp. The two parties are "negotiating" over allegations of fraud relating to mortgage bonds that Moody's rated AAA from 2004 to 2007. As we all know, the bonds (and their sterling ratings) turned out to be beer-battered, deep-fried garbage in most cases.
Moody's shares had been coasting along near a 52-week high of $110, but they gapped down to $102.60 on the news and haven't come back since.
They're not likely to, either.
I'm thinking Moody's has a ways to go before it gets out of these woods, meaning its stock could sink a lot lower.
We'll all get the chance to make some money on this lemon, but first let me answer some burning questions about this company that I don't see anyone else asking, like why Loretta Lynch and the Justice Department picked now, of all times, to turn up at Moody's front door.
And the identity of the famous investor that stands to get a good burning on this news...
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The evidence is mounting that the Wells Fargo scam was not unusual practice in the banking industry, which means investors need to brace for similar scandals at other banks.
The heavy pressure on workers to "cross-sell" multiple products to the same customer is what got Wells Fargo into hot water – and is accepted practice at most consumer banks.
These are the banks most likely to end up in regulators' crosshairs next...
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At a recent $44.37, the Wells Fargo stock price is down 18% year to date.
Focus shifts today from the fake accounts scandal to earnings.
Here's where the Wells Fargo stock price is headed after today's Q3 2016 earnings...
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