RT @WSJPodcasts: Listen 🎧: Layoffs are spreading more broadly through corporate America, with manufacturer 3M, Dow Chemical and SAP… https://t.co/uXuGjmc919— 1 day 22 hours ago via@theofrancis
China’s top nuclear-weapons lab has regularly bought sophisticated U.S. computer chips in defiance of decades-old U… https://t.co/9VfsJPU7lB— 3 days 3 hours ago via@theofrancis
Great interview on AI, ChatGPT etc. by The Markup’s Julia Angwin, with Princeton’s Arvind Narayanan: https://t.co/02c5o6H6ai— 4 days 4 hours ago via@theofrancis
Before being forced out, Bed Bath & Beyond’s co-founders turned thrift, savvy merchandising & good timing into a co… https://t.co/qaPP1eJhQa— 5 days 2 hours ago via@theofrancis
@footnoted Oh wow. So glad you're all OK. What a nightmare.— 1 week 2 days ago via@theofrancis
Rosel Patton, a 49-year-old switch engineer in Marlboro, Mass., doesn't realize it, but when she saves for retirement by contributing to her 401(k), she's also helping her company save money.
The loud message comes from one company after another: Surging health-care costs for retired workers are creating a giant burden. So companies have been cutting health benefits for their retirees or requiring them to contribute more of the cost.
Last year, John R. Stafford, chairman of pharmaceutical giant Wyeth, earned $1.8 million in salary. He also was awarded a $1.97 million bonus, restricted stock valued at $724,283 and 630,000 stock options.
That much shareholders can learn from glancing at the company's proxy.