Jeffrey Mezger, one of the most powerful people in real estate, is having his bonus slashed by 25% after going on an antigay tirade against his neighbor, comedian Kathy Griffin.
General Electric execs are losing access to a coveted perk: corporate jets. Instead of flying around the world on GE's fleet of luxurious corporate jets, the struggling company's bigwigs will be forced to mostly rely on charter flights.
White Tale Holdings, backed by two hedge funds, says the Huntsman-Clariant chemicals merger would destroy value for shareholders and has 'no strategic merit.'
General Mills, the owner of Cheerios and Yoplait, reported another drop in sales. The company, along with other packaged food giants, is being hurt by changing tastes, a shift to organic and lower prices at grocery stores.