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Another major player has fallen in connection to the News of the World scandal. News International CEO Rebekah Brooks has announced her resignation. Brooks was editor at News of the World during the time of the most serious alleged crimes relating to the phone hacking scandal. Brooks says the resignation will give her more time to fight back against the allegations.
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A study from the nation’s largest labour union found that the top 299 CEO’s at US companies earned a staggering combined total of $3.4 BILLION in 2010. To put it into perspective, they took home as much money as the 100-thousand PLUS workers who are employed by them!
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After just five months at the helm of Time Warner Inc’s magazine division, CEO Jack Griffin has been given the old heave ho. According to an internal memo from the company’s chief executive Jeff Bewkes, Griffin was let go because his leadership style did not mesh with Time Warner.
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