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Archive for February, 2009

What if you sold your company and then gave 60 million dollars to your employees?

Lots of bosses say they value their employees. Some even mean it.
And then there’s Leonard Abess Jr.
After selling a majority stake in Miami-based City National Bancshares last November, all he did was take $60 million of the proceeds — $60 million out of his own pocket — and hand it to his tellers, bookkeepers, clerks, [...]

What if Slumdog Millionaire had gone straight to DVD?

D’oh! Foreheads were almost certainly being slapped Homer Simpson-style at Warner Bros yesterday as studio executives reflected on their decision to sell the distribution rights to Slumdog Millionaire last August – three months before the film was released.
Slumdog, which cost only $15 million (£8.7 million) to make, has already gone on to take $160 million [...]