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Shareholders of Citigroup rejected a board-approved pay package for CEO Vikram Pandit and other top executives, sending a loud and clear message that executive compensation needs to be tied to performance, or else.

Yahoo's first-quarter results showed signs of modest progress under recently hired CEO Scott Thompson.

Warren Buffett told his company’s shareholders in an open letter Tuesday that he has been diagnosed with early-stage prostate cancer. The 81-year-old billionaire investor and CEO of Berkshire Hathaway Inc. said his condition is “not remotely life-threatening” or debilitating.

For perspective, Moonves' increase is far less than the 40% rise in CBS' stock in 2011. Still, the CEO's $69.9M package makes him by far the highest paid media CEO for the year among companies that have already filed their annual proxy statements. Here's how Moonves' compensation adds up: $3.5M salary, $27.5M bonus, $8.5M in stock awards, nearly $27.3M in option awards, $1.5M change in pension value, and $1.6M in other compensation.

Amazon founder and CEO Jeffrey Bezos received $1.68 million in total compensation for 2011, the same as in the prior year.

With all the talk about excessive compensation, ponzi schemes and the nasty side of Steve Jobs, it might be easy to assume that all successful CEOs are jerks.

Twin Cities-based Best Buy said Tuesday that its CEO, Brian Dunn, has resigned. The electronics company said in a statement that Dunn's departure was in "mutual agreement that it was time for new leadership to address the challenges that face the company."

Sherilyn S. McCoy, a vice chairman of Johnson & Johnson, is the new chief executive of Avon Products.

Apple Chief Executive Officer Tim Cook was awarded $378 million in compensation last year, making him by far the top-paid CEO among big public companies in a study published Sunday in the New York Times.

Former Tyco International Ltd. CEO L. Dennis Kozlowski has lost a bid to get out of the New York prison where he's serving time for taking millions of dollars in unauthorized bonuses....