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News & UpdatesNovember 18, 2008 G.M. Sells Suzuki Stake in Its Effort to Raise CashBy: New York Times General Motors will sell its entire stake in Suzuki Motor Corporation, the Japanese automaker, for 22.37 billion yen ($230 million), G.M.’s latest move to stay afloat while awaiting a decision from Washington on aid for the... November 18, 2008 Citi Carves Up StaffBy: Forbes The bank is cutting jobs in an effort to staunch losses so it can pursue acquisitions that will add to capital, but analysts are not sanguine. November 18, 2008 Ford Sells $540 Million of Mazda Stock to Ease CrunchBy: Bloomberg.com Ford Motor Co., reeling from plunging U.S. car sales and a sinking share price, will raise about $540 million selling part of its stake in Japanese affiliate Mazda Motor Corp. to ease cash concerns November 17, 2008 Citi Plans Asset Sales and Job CutsBy: New York Times The banking giant, Citigroup, which a decade ago set out to rewrite the rules of American finance, announced Monday morning that it would cut 50,000 jobs in the coming quarters, largely by selling assets November 17, 2008 The high cost of carbon captureBy: Calgary Herald For Alberta's multibillion-dollar foray into capturing and storing carbon to prove successful, consumers must pay more for the energy they use to heat their homes and fuel their cars, says the head of an expert council advising... November 17, 2008 Blankfein, Goldman Deputies Decide to Forgo BonusesBy: Bloomberg.com -- Goldman Sachs Group Inc., the firm that set a record for Wall Street pay last year, became the first U.S. bank to scrap 2008 bonuses for senior officers in the face of the worst financial crisis since the Great Depression.
November 17, 2008 How To Ensure That Your Next Board Member Is Socially ResponsibleBy: CSRwire Commentary by Joanne McDonald of ENSCO, Inc. (CSRwire) November 12, 2008 - Effective assessment of candidates has always been critical in recruiting top talent for companies. This is doubly true for the selection of members of... November 14, 2008 Goldman, Bank Executives Tell Congress They Plan to Slash PayBy: Bloomberg.com -- Goldman Sachs Group Inc. and the biggest U.S. banks, under pressure from Congress to justify their compensation after receiving cash injections from the government, said employees' pay would be slashed this year.
November 14, 2008 Leading Proxy Advisory Firm Endorses NACD Corporate Governance PrinciplesBy: Proxygovernance.com Leading Proxy Advisory Firm Endorses NACD Corporate Governance Principles PROXY Governance, Inc. (PGI), a leading independent proxy advisory service, is endorsing a set of principles aimed at strengthening corporate governance... November 14, 2008 Grassley Says Executive Pay Limits Undermined by Bailout ShiftBy: Bloomberg.com A Republican senator said Treasury Secretary Henry Paulson's change in course on a $700 billion bailout of the U.S. financial industry will undermine restrictions on executive pay at companies receiving federal aid. [What would you find useful here?]
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