TheBadBanker » PAID

Chesapeake Cuts Pay, Travel for Board

The Bad Banker — Sun, 20 May 2012 02:17:37 +0000

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.

GM to Forgo Super Bowl Ads

The Bad Banker — Sun, 20 May 2012 02:16:20 +0000

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.

Launch Aborted Over Faulty Valve

The Bad Banker — Sun, 20 May 2012 01:36:53 +0000

Space Exploration Technologies said a faulty engine valve was the culprit behind Saturday's aborted launch of the first private spacecraft aiming to dock with the international space station.