Category Archives: News

Facebook’s IPO Sputters

By The Bad Banker | Published: May 19, 2012
Facebook shares struggled to stay above their $38 IPO price, as Wall Street bankers stepped in to prevent the newly minted stock from ending its first day with an embarrassing loss.


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Chesapeake Cuts Pay, Travel for Board

By The Bad Banker | Published: May 19, 2012
Chesapeake Energy said board members will take a 20% pay cut and no longer have personal use of company aircraft, the latest move by the embattled natural-gas company to placate critics.


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GM to Forgo Super Bowl Ads

By The Bad Banker | Published: May 19, 2012
General Motors has decided it won't advertise in the next Super Bowl, balking at steep ad rates as the auto maker overhauls its global marketing operations.


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