For The Observer/Guardian UK
At Wal-Mart’s 1992 general meeting, founder Sam Walton asked shareholders to sing God Bless America. The 15,000 Wal-Martians responded to Sam’s call – even though Walton had been dead for two months.
For The Observer/Guardian UK
It’s that time of year again, when executive pay league tables hit the headlines and set off a chorus of union leaders, professors of ethics and the plain jealous who yowl about fat cat pay.
The Monks Partnership issues the most-watched listing and has given The Observer a sneak preview. This year, the finger-waggers won’t be disappointed. The bosses’ pay is up by an average 9 per cent over last year’s 546,000, excluding share options. Take away inflation and that’s three-and-a-half times the percentage pay hike for the average British employee.
For The Observer/Guardian UK
The story of Bank of Scotland’s painful association with American TV evangelist Pat Robertson can easily be told as a hilarious tale of misjudgement, a public relations disaster that provided huge entertainment for all.
Talks on Friday failed to boost Scottish Power’s $4.7 billion bid for the US electricity company PacifiCorp. Earlier in the week it was dealt a possibly fatal blow when analysts at the Oregon state utility commission urged regulators to reject it.
While we were in jail in Washington during the war in Vietnam, my comrades and I spent part of our night as guests of the state singing several choruses of the song, ‘Waist Deep in the Big Muddy’.
I would not compare Scottish Power chairman Ian Robinson to President Lyndon Johnson. And Robinson’s invasion of the US power industry through his plan to purchase PacifiCorp of Oregon is not exactly the landing at Da Nang. But there is a little bit of LBJ’s resolute optimism, while marching deeper into the quicksand, which has me humming that old song.
Scottish Power’s troubled takeover of United States electricity company Pacificorp is under further pressure this weekend. Veteran consumer campaigner Ralph Nader is preparing legal action to block it, while tougher limits on profits threatened by US regulators could make the deal unviable.
GOV. George E. Pataki says he is mailing out checks of $100 to $232 to every home on Long Island, a bonus as part of Mr. Pataki’s plan to cut electric rates 23 percent.
If it were true, I would leave out a glass of milk and cookies for Governor Santa when he comes down my chimney. But alas, the rebate, like the rate reduction, is as real as reindeer on the roof.
