Wealth

Apple CEO Tim Cook and President Donald Trump were in Texas this week, in a high stakes photo-op at the factory in Austin where Apple’s Mac Pro computer is assembled. Cook no doubt wants to make it hard for the president to put tariffs on Mac Pro components. Cook has said unless Apple continues to
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Former U.S. Treasury Secretary Larry Summers bashed presidential candidate Sen. Elizabeth Warren‘s tax proposals on Tuesday, arguing they go too far and could ultimately hurt the American economy. “I don’t think that taxation approaching confiscatory is remotely feasible and, if it was tried, would have catastrophic economic consequences,” the former economic advisor to Barack Obama said
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Lloyd Blankfein, former Goldman Sachs CEO, told CNBC on Tuesday the pay disparity between CEOs and rank-and-file employees is really no different from what on-air television personalities get paid compared with behind-the scenes workers. Defending well-paid CEOs, who have become punching bags in the wealth inequity discourse of the Democratic presidential primary race, Blankfein responded
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Getty Images Those familiar with the rough outlines of Andrew Yang’s business career would be forgiven for thinking he’s a savvy tech billionaire. A “serial entrepreneur” who has been dubbed “Silicon Valley’s candidate,” Yang quit a prestigious job to launch a tech startup, sold a company for millions and now runs his own nonprofit. All
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General Electric executives Jack Welch and Jeffrey Immelt took more than half a billion dollars in … [+] severance. Corbis via Getty Images Both former CEO’s of General Electric Co. (NYSE: GE) should pay back their combined half-a-billion severance packages to restore their reputations. Jack Welsh was awarded $417 million dollars when he parachuted out
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At America’s first Rolliefest, the rules are clear: Don’t reveal the location of the event on social media until it’s over. Last month, 110 watch collectors from 13 countries filed past armed guards at the Lotte New York Palace hotel in midtown Manhattan. There, some of the world’s most prominent watch collectors were gathered in
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Frequent travelers now have a whole new way to view loyalty points — thanks to a growing trend in loyalty program: hard-to-replicate, bucket-list experiences. From red carpet access and backstage passes to cooking classes with Michelin-starred chefs, there’s an entire realm of VIP travel opportunities designed around the new “experience economy.” Fueled by public interest
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