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Enron's Jeff Skilling could get early release from prison

Former Enron CEO Jeffrey Skilling, who is serving a 24-year prison term for his role in the energy giant's epic collapse, could get out of prison early under an agreement being discussed by his attorneys and the Justice Department, CNBC has learned. Skilling, who was convicted in 2006 of conspiracy, fraud and insider trading, has served just over six years.

 

A Year After OMGPOP Sale, Zynga Exec Dan Porter Leaves

A year ago, OMGPOP CEO Dan Porter sold the games-maker to Zynga for $180 million-plus, and became the head of the company's New York outpost. Now he’s out. Porter’s departure isn’t a huge surprise, given both his timing (presumably long enough to hit certain employment and/or earn-out goals) and the fact that Zynga ended up writing off at least half of its OMGPOP deal a few months after it closed.

 

CVS CEO's Pay Jumps 44%

Total pay for CVS Caremark's chief executive and president, Larry Merlo, jumped 44% to $20.3 million last year, according to an SEC filing.

 

Facebook's Mark Zuckerberg faces $1 billion tax bill

Mark Zuckerberg - CNN

Facebook's stock market debut left founder and CEO Mark Zuckerberg with a paper fortune currently valued at $13 billion -- and a 2012 tax bill of around $1.1 billion.vZuckerberg's whopping tax hit stems from his move last May to increase his stake in Facebook. On the day of Facebook's initial public offering, Zuckerberg exercised a stock option and purchased 60 million Facebook shares at a "strike price" of 6 cents each.

 

Sears CEO Edward Lampert's New Annual Salary: $1

Sears Holding Corp. has signed a contract with Edward Lampert to keep him on as CEO of the company at a salary of $1 per year. A regulatory document filed Wednesday shows that the billionaire hedge fund manager will be paid an annual base salary of $1, but with the opportunity for a bonus of up to $2 million in cash or stock and up to $4.5 million in stock per year.

 

Federal charges filed against former CalPERS CEO

The former CEO of the nation's biggest pension fund, representing California public workers, has been charged with federal influence peddling and bribery violations.

 

Electronic Arts CEO to Resign

Electronic Arts - WC

Electronic Arts Inc. said Monday its Chief Executive John Riccitiello is stepping down and that its fourth-quarter results could fall short of expectations.

 

BlackBerry CEO: iPhone interface is 'old'

Thorsten Heins - USA Today

With the BlackBerry Z10 poised to make its U.S. debut later this week, it's comments from CEO Thorston Heins about the iPhone that have generated buzz. In an interview with the Australian Financial Review, Heins discussed the importance of staying on top of smartphone advancements, citing Apple as an example.

 

American's $19.8 million CEO severance draws fire

Tom Horton

The subject of CEO compensation looks like it will get time under the microscope in American Airlines' Chapter 11 bankruptcy case. The U.S. trustee overseeing the bankruptcy case of American parent AMR has filed an objection to the $19.8 million severance package that current CEO Tom Horton is set to get when he leaves the company next year, according to Reuters. Also included in the objection are severance and retention payments slated for other company employees.

 

Buffett Salary: Still $100,000

Warren Buffett earned a salary of $100,000 in 2012 as chairman and CEO of his Berkshire Hathaway, an amount that has remained unchanged for more than three decades.

 

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