Your Evening Briefing
Want to receive this post in your inbox every afternoon? Sign up here.
CEOs of the largest companies in the world get paid drastically different salaries. Some get literally nothing (they may already be billionaires or own hundreds of millions of dollars in company stock). Others receive tens of millions annually. Looking at compensation alone won't provide an accurate picture of value though. For that, one has to take into account the company's economic profit. –Emily Banks
These companies are getting the best value from their CEOs. Apple CEO Tim Cook's $10 million in compensation isn't chump change, but it's a bargain when you compare that to the company's massive average economic profit (more than $22 billion) in the past three years. Other companies pay their CEOs much more but seem to get less for it.
Trump's cabinet continues to take shape. Exxon Mobil CEO Rex Tillerson has been nominated as Trump’s secretary of state, setting up a confirmation battle with U.S. lawmakers who have questioned the oilman’s relationship with Russian President Vladimir Putin. The president-elect has also chosen Rick Perry to be Energy Secretary, putting the onetime presidential candidate and former oil-state governor atop the agency that helps chart the nation’s energy future, according to people familiar with the selection process.
Syrian President Bashar al-Assad is on the verge of taking back Aleppo in what would be the biggest victory for his troops against rebels in almost six years of civil war. Much of eastern Aleppo, a symbolic center for the anti-Assad insurgency, is in ruins, leveled by Syrian and Russian bombing that led European and U.S. officials to speak of possible war crimes.
Google, Microsoft and Amazon love the sound of your voice. The tech industry is vacuuming up all the conversations it can, so that speech recognition can improve if we are to speak naturally to our gadgets. Amazon, Apple, Microsoft and China's Baidu have embarked on a world-wide hunt for terabytes of human speech.
Chinese airlines are flooding the world with super-cheap airfares and delivering a hammer blow to foreign carriers trying to keep up. From Delta and American Airlines in the U.S., to Cathay Pacific and Korean Air, many operators are feeling the squeeze from the extended reach of mainland Chinese carriers.
Hoarding is a good sign–at least for the economy. Americans are buying enough that developers are building storage space for their old stuff at a record rate. Call it the Pack Rat Indicator. It illustrates how confident U.S. consumers have become.
Be the best-dressed guy at the holiday party. The party invitations call for "festive attire," but what does that even mean? To show off a few riffs on this season’s look, we styled six of New York's top bartenders to model the coolest new suits and tuxes of the season. You'll find no ugly sweaters here.