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3 Examples of Outrageous CEO Spending at the Expense of Shareholders

By , Money Morning -

CEO spending

The more money the big wigs have, the more outrageous CEO spending habits start to become.

During the financial crash of 2008, one CEO decided it was a good time to use the company's money to buy a $1,405 trash can.

But when we did a little digging, we found out that even he wasn't the worst offender of ridiculous CEO spending...

Five Self-Made Billionaires Who Were Once Poor

By , Staff Writer, Money Morning -

self-made billionaires-jk-rolling

Self-made billionaires rely on their own determination, smarts, and ingenuity to get where they want to go.

Would you be willing to go door-to-door to sell your product? Or walk on stilts, eat fire, and play the accordion for pocket change? Only a handful of people would go to these lengths.

Here are five self-made billionaires who were born poor - but didn't end up that way...

Jeff Bezos Turns 51 Today! And 5 Other Facts About the AMZN Billionaire

By , Associate Editor, Money Morning • @TaraKateClarke -

Jeff Bezos

As of Jan. 9, Jeff Bezos' net worth was $27.8 billion according to Forbes. His company Amazon.com (Nasdaq: AMZN) - the largest Internet retailer in the U.S. - had a market capitalization of $137.98 billion.

The man Wall Street has come to know is a visionary who doesn't conform to typical big business management. That's evidenced every quarter in the last three years. Amazon continues to post impressive sales numbers, coupled with earnings per share (EPS) losses. The company hasn't turned a profit since 2012. Despite pressure to improve Amazon's bottom line, Bezos steadfastly reinvests the company's massive sales. He hasn't faltered from his strategy of diversification and growth.

Investors are left wondering where the company is headed next and more importantly, when it will turn a profit.

That's why we put together a list of five facts you didn't know about Jeff Bezos. Perhaps the best way to determine where Amazon is headed is a greater of understanding of the man behind its wheel.

The billionaire - who just celebrated his 51st birthday Jan. 12 - is a true original...

23 Facts About Elon Musk from His Reddit AMA and Beyond

By , Contributing Writer, Money Morning -

Elon Musk

SpaceX founder and CEO Elon Musk took time out Jan. 5 for an interactive "Ask Me Anything" (AMA) session on Reddit.

Musk, also CEO and founder of Tesla Motors Inc. (Nasdaq: TSLA), and cofounder of PayPal Inc., was peppered with questions from Reddit users. The online Q&A session attracted more than 8,000 comments over a few hours. Questions ran the gamut from personal to technical to trivial.

Why did so many hop on to Musk's AMA? Musk is a visionary. He was at the forefront of the digital payments revolution with PayPal. He shook up the traditional auto market with Tesla's luxury electric car line. He has transformed space travel with SpaceX. Indeed, NASA awarded SpaceX a $2.6 billion contract in September 2014 to transport U.S. astronauts to and from the International Space Station.

Here are 23 facts about Musk, including gems from last week's AMA, to give you a good idea of who this entrepreneur really is...

Xiaomi IPO Countdown: Is This the Next Alibaba?

By , Associate Editor, Money Morning • @DavidGZeiler -

Xiaomi IPO

You may not have heard of this Chinese tech company yet, but before 2015 is over the talk about a Xiaomi IPO will reach a fever pitch.

Xiaomi Corp. has made incredible progress in its brief existence.

Founded in 2010, Xiaomi launched its first smartphone in 2011. By the third quarter of last year, Xiaomi had become the third-largest smartphone vendor in the world. It beat out such veterans as LG Electronics Inc. and Lenovo Group).

The company's astonishing growth is why so many expect a Xiaomi IPO within the year...

The Three Best CEOs to Invest In Now

By , Associate Editor, Money Morning • @KyleAndersonMM -

stock market today

Strong leaders can turn good companies into great investments. That's why we've picked the three best CEOs to invest in now.

"Great companies have great operations and great operations usually aren't possible without a truly great CEO," Money Morning's Defense & Tech Specialist Michael A. Robinson said.

The following CEOs have all led their companies to major milestones during their tenures. They are the main reasons why their companies are among today's best investments...

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