Shame on those jealous of success

By TIbor Machan: CNJ columnist Most top executives draw pretty reasonable salaries, maybe up from $250K to several million per year. This isn’t unlike how professional baseball and football players are hired and compensated, especially the stars among them. Some people are sought out eagerly and promised exorbitant pay, including bonuses above the regular salary, […]

Udall to AIG: “Give the bonuses back, or we’ll find a way to take them back”

U.S. Senator Tom Udall, D.N.M., today joined a group of his Senate colleagues to send a message to A.I.G. executives who took $165 million in taxpayer bailouts as bonuses:

Capping pay would further mar economy

President Barack Obama has announced a cap of $500,000 a year on the pay of senior executives at distressed financial institutions that receive bailout money deemed “exceptional assistance” from the taxpayers via the federal government. This is an understandable move considering the circumstances, but it carries some dangers. One can understand the populist impulse behind […]

Mondragon recognized for economic development

CNJ staff The New Mexico Industrial Development Executives have awarded Clovis’ Raymond Mondragon the 2008 Dallan Sanders Award for excellence in economic development. The award, given in honor of Dallan Sanders of Portales, recognizes a person with a direct connection to rural economic development in New Mexico. Mondragon, director of economic development and government relations […]

Accountability good, but Enron trial raises concerns

Freedom Newspapers It’s not particularly surprising that Enron Corp.’s former top two executives, Kenneth Lay and Jeffrey Stilling, were found guilty Thursday on most criminal counts that prosecutors brought against them relating to the demise of what was once the nation’s seventh-largest company. Both men face the prospect of spending the rest of their lives […]

Competitive zeal no excuse for bad reporting

CNJ staff CBS News fired three executives and one other employee Monday, after releasing the results of an independent investigation of the network’s airing of a debunked story critical of President George W. Bush’s National Guard service. It wasn’t just the story that proved fateful for the network, but its poor handling of criticisms that […]