AOL chief cuts 401(k) benefits, blames Obamacare and two "distressed babies". "AOL chief executive Tim Armstrong Thursday offered a number of unusual explanations for why his company pulled back its 401(k) benefits for employees this year. The first reason: Obamacare. The second: two women at the company who had 'distressed babies' in 2012." [more inside]
The Yes Men pull one over on the AP, by convincing them that GE was going to donate their 3.2 billion dollar tax credit in response to public anger over the fact that they pay no taxes.
...a $17,100 traveling toilet box; a $15,000 dog umbrella stand; a $6,300 sewing basket; a $6,000 shower curtain; $5,960 for two sets of sheets; a $2,900 set of coat hangers; a $2,200 gilt metal wastebasket; a $1,650 notebook; and a $445 pincushion. Yes, it's more insane corporate greed: Tyco Details Lavish Lives of Executives (NYT link, 'free' regis. req'd)
"Corporate sleaze carves into our trust," says Dan Gilmore of the San Jose Mercury News. Sheer greed, not CIA meddling, may indeed be the motive. NameBase investigates the social networks of these perps in Lies, Damned Lies, and Enron. "It appears that unlike the BCCI scandal, there are no major spook connections with Enron. What we have here, apparently, is an assortment of talented wheelin', dealin', cheatin' Texas oil cowboys. "