Bank of America Corp., the lender targeting $8 billion in expense cuts, reduced its automated teller network almost 9 percent this year by yanking most of the devices deployed at U.S. gas stations and malls.
The bank’s total number of ATMs fell by 1,536 in the first half, a record decline, leaving it with 16,220 as of June 30, the Charlotte, North Carolina-based firm said last week. Bank of America didn’t renew deals to [...]
It takes the average U.S. worker nearly a month to make what the average CEO earns in an hour – $3K
CEOs running health-care companies made the most ($10.8 million). Those running utilities made the least ($7 million)
Highest earner was David Simon of Simon Property Group at $137.2 million
Profits at big U.S. companies broke records last year, and so did pay for CEOs.
The head of a typical public company made $9.6 [...]
The Associated Press
The 50 highest-paid CEOs for 2010 in an Associated Press analysis for Standard & Poor’s 500companies. The analysis includes companies that had the same CEO for all of 2009 and 2010and that filed proxy statements with the Securities and Exchange Commission between Jan. 1 and April 30. They are based on the AP’s compensation formula, which adds up salary, perks, bonuses, preferential [...]
Even as the economy picks up steam, many of the nation’s malls and shopping centers are suffering a hangover due to changing consumer habits and the fallout from a massive building boom.
Mall vacancies hit their highest level in at least 11 years in the first quarter, new figures from real-estate research company Reis Inc. showed. In the top 80 U.S. markets, the average vacancy [...]