Posts by Kensey Lamb

  • Quiz: How Well Do You Know Paul Ryan?

    Kensey Lamb at The Exchange2 yrs ago

    By Siemond Chan and Kensey Lamb

    Mitt Romney announced on Saturday that Wisconsin Representative Paul Ryan will be his running mate for the upcoming 2012 election.

    "I'm excited for what lies ahead, and I'm thrilled to be a part of America's Comeback Team," said Ryan. "And together, we will unite America and get this done."

    On Yahoo! Finance's Daily Ticker, Aaron Task and Henry Blodget contend that Ryan is a bold choice, saying that a Romney-Ryan economic plan will likely cut income and corporate taxes, preserve defense spending, and cut Medicare spending.

    How much do you know about Romney's Vice Presidential running mate? Take our quiz to test your knowledge of Paul Ryan.

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  • Executives and Their Golden Parachutes

    Kensey Lamb at The Exchange2 yrs ago

    If you think executives and CEOs are paid handsomely for doing their job, wait until you hear how they're compensated when they step down and leave their paychecks behind.

    John Krenicki is just one of the most recent examples of a former executive to receive a generous golden parachute. After 29 years with GE, the company is paying him $89,000 a month until 2022 as part of his severance package. If you do the math, that works out to be a cool $1 million per year for 10 years.

    Below we take a look at a few other executives who have received golden parachutes, click to read more about their compensation packages.

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  • What’s Trending Today in Finance and Business: DirecTV and Viacom

    Kensey Lamb at The Exchange2 yrs ago

    Topping our trending report today is news that DirecTV dropped several channels around midnight because of a dispute with Viacom over fees. Nickelodeon, MTV, Comedy Central, BET, VH1, CMT, Spike TV and TV Land are among the channels that have gone dark after the companies' 7-year contract expired.

    DirecTV Executive Vice President Derek Chang said in a statement: "We have been very willing to get a deal done, but Viacom is pushing DirecTV customers to pay more than a 30 percent increase, which equates to an extra $1 billion, despite the fact that the ratings for many of their main networks have plummeted."

    According to Reuters, Viacom CEO Philippe Dauman stated, "In the last 7 years since we did the last DirecTV deal, we have successfully and peacefully concluded affiliate agreements with every major distributor in the U.S. We are prepared to move forward. It's unfortunate consumers for the first time are not able to enjoy our channels."

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  • What’s Trending Today in Finance and Business: Wealth and Economic Mobility

    Kensey Lamb at The Exchange2 yrs ago

    Today's roundup of what's trending in business and finance features a fascinating new study from the Pew Economic Mobility Project -- new data suggest that most Americans today make more money than their parents did at the same age (all figures are adjusted for inflation). Great, right? Not exactly. At the same time, we are not as rich and have less economic mobility. Bummer.

    How is this possible? Simply making more money than your parents is not always enough to move up the economic ladder or rise above the poverty level. Also, those on the top and the bottom are even less likely to have this economic mobility -- a phenomenon called "stickiness at the ends."

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  • IBM Paranoid Siri Is Stealing Corporate Secrets

    Kensey Lamb at The Exchange2 yrs ago

    By 24/7 Wall St.

    Apple's Siri voice-recognition software, a staple on the iPhone 4S, is one of the great consumer electronics advances in memory. It can, with uncanny accuracy, answer a seemingly endless variety of questions posed by the user. Many iPhone owners say it has become an absolutely essential part of managing their daily lives--both business and personal. But the employees of the world's largest tech company, IBM, cannot use it, according to comments from the firm's chief technology officer, Jeanette Horan.

    IBM has a right to be paranoid. It regularly issues more patents each year than any other company--5,896 last year in 2010. IBM has to keep track of more than 440,000 people who produce over $110 billion in sales.

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  • Is Samsung Galaxy the iPhone Killer?

    Kensey Lamb at The Exchange2 yrs ago

    By 24/7 Wall St.

    There are already nine million worldwide preorders for the Galaxy S III, Samsung's soon-to-be-launched flagship smartphone. The number is incredible when compared to Apple's four million iPhone 4S units sold in the first weekend it was on sale last year. The Samsung phone, considered by some analysts to be an iPhone killer, will go on sale in the U.K. this month and in the U.S. before the end of summer.

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