TheBadBanker

Facebook’s IPO Sputters

The Bad Banker — Sun, 20 May 2012 04:26:23 +0000

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.

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.