Wednesday, March 25, 2009

An AIG executive who received a bonus worth more than $742,000 after taxes has resigned publicly — in an Op-Ed column in The New York Times. He is expected to take a job with the Keebler company, citing his experience with his hand in the jar.

Postmaster General John Potter warned today that he financially strapped U.S. Postal Service will run out of money this year without help from Congress. Congress said he can expect an answer sometime between next Tuesday and Friday, unless he applies $2.50 more in stamps.

The Canadian Broadcasting Corp. plans to sell $125 million worth of assets and cut up to 800 jobs to make up for a $171 million budget shortfall. The laid off workers will be replaced by one guy who'll run up and down Portage Street in Winnipeg, shouting the news into a megaphone.