Results tagged “ceo”

The team behind the Yes Men movie are doing a great job getting audiences at Film Forum to participate in direct-action stunts after the screenings. On Wednesday night organizers persuaded most people in the audience to head over to a nearby Chase bank and write political stuff on the sidewalk with coal—because JP Morgan Chase underwrites Massey Energy, which does a lot of mountaintop removal coal mining. Anyway, last night they kicked it up a notch.

Czar alert! Yesterday the state Senate confirmed Jay Walder for the position of chairman and CEO of the MTA. That's equivalent to rank of czar, according to the Post, which reports that Walder told lawmakers he "will be back" to try and wrest $10 billion from Albany for the MTA's five-year plan, which includes finishing the fabled Second Avenue Subway. The Senate's 47-13 vote was preceded by some debate, during which Democratic Staten Island Senator Diane J. Savino spoke for her constituents: "There is a level of discontent that exists between the M.T.A. and the people in this room, the people who should be your partner."

Goldman Sachs has caught the public's eye in recent weeks thanks to record profits and damning exposes about the bank's historic role in the economy's boom and bust cycle. Oh, and the pedophilia. Like many rich and powerful institutions, Goldman doesn't appreciate the attention, coming as it does as tent cities and soaring unemployment are turning the nation into a Dickens novel by way of Mad Max. An employee tells the Post that CEO Lloyd Blankfein has been urging his employees to avoid any high-profile purchases: "This is a sensitive time for us, and [Blankfein] wants to make sure that we're not being seen living high on the hog." While it's probably wise to postpone buying that diamond-encrusted office bidet for now, isn't this kind of bad news for the city economy? What happened to trickle-down economics? How much longer does the service industry—the chauffeurs, the naked sushi models, the bidet installers—have to wait for conspicuous consumption to come back in style?

AIG CEO Edward "We're Legally Obligated to Pay Millions to Executives Who Helped Bring the Company Down" Liddy is scheduled to face questions from Congress's Financial Services Committee today. Yesterday, Liddy wrote an op-ed in the Washington Post, "The anger is understandable, and I share it... No one knows better than I do that AIG has been the recipient of generous amounts of government financial aid. We are acutely aware not only that we must be good stewards of the public funds we have received but that the patience of America's taxpayers is wearing thin."