Ceo Indiscretions Can Cost a Company a Pretty Penny
CEO indiscretions can cost a company a pretty penny. A study found that firms experience an average shareholder loss of $226 million in the three days after the announcement of a CEO mishap, like an affair, arrest, or allegation of lying.
Fracking companies have a reputation for heavy debts and high production costs, but oil’s dramatic price crash over the past year hasn’t claimed many such firms as casualties, as industry experts initially feared it might. In the first quarter of 2015, more than two-thirds of independent U.S. oil and gas companies had healthy balance sheets, with at least as much equity as debt.
Global revenue from digital music downloads and streaming subscriptions has overtaken CD sales for the first time. Last year, digital music revenue grew 7 percent, to $6.85 billion, while revenue from physical formats, of which CDs make up the vast majority, fell 8 percent, to $6.82 billion.
Japan has surpassed China as the biggest foreign holder of U.S. government debt for the first time since the 2008 global financial crisis. Japan owned $1.2244 trillion worth of U.S. Treasuries as of the end of February, compared with $1.2237 trillion for China.
Nick Woodman, the billionaire founder of camera maker GoPro, has become the highest-paid corporate executive in the U.S., according to the Bloomberg Pay Index. The 39-year-old was granted 4.5 million restricted stock units in 2014, worth $284.5 million.
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