India Billionaire Mittal Says His Govt Keeping People Poor
India billionaire Mittal says his government 'condemning millions to poverty' due to policy paralysis. [...] more>>
Lakshmi Mittal lost $10.4 billion in the past year, more than anyone else in the world, and drops out of the top 10 rankings for the first time since 2004. Shares of his ArcelorMittal, the world's largest steelmaker, tanked due to surging costs and tepid demand in Europe. Company is expanding mining interests, though it backed out of option to acquire Australia's Macarthur Coal for $4.9 billion with Peabody Energy. Expansion in his native India where Mittal plans to build steel mills, has faced delays. Son Aditya, company's chief financial officer, was given responsibilities for Europe, sparking speculation about succession. Commissioned for the 2012 Olympics, the 377-foot tall Mittal-funded AreclorMittal Orbit is the U.K.'s tallest sculpture. [...] more
India billionaire Mittal says his government 'condemning millions to poverty' due to policy paralysis. [...] more>>
Kenneth Thomas, the Middle Class Political Economist, has a series on whether Globalisation benefits the (American) middle class. His answer is that generally it doesn't, a conclusion that I disagree with. But rather than be boring and have an argument about the details why, I'd like to point to the [...] [...] more>>
Investors in China’s main financial district are talking about the following before the start of trade today: The People’s Bank of China, China’s central bank, cut its key one-year lending rate by 0.25 percentage point to 6.31% effective today amid worries about a slowdown in economic growth. The move, which also [...] [...] more>>
All but two of the 50 billionaires Forbes tracks lost money in the markets, and many of them suffered hundreds of millions of dollars in losses. [...] more>>
For every understated Zuckerberg wedding, there are plenty of over-the-top billionaire nuptials. Here are the ten most lavish. [...] more>>
For every understated Zuckerberg wedding, there are plenty of over-the-top billionaire nuptials. Here are the ten most lavish. [...] more>>
The Duke and Duchess of Cambridge join the world's richest on Kensington Palace Gardens, a high-security London street littered with massive mansions touting price tags that make it one of the most expensive places on the planet. [...] more>>
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| Salary | $1,739,000 |
| Bonus | $2,074,000 |
| Restricted stock awards | $0 |
| All other compensation | $0 |
| Option awards | $0 |
| Non-equity incentive plan compensation | $0 |
| Change in pension value and nonqualified deferred compensation earnings | $0 |
| Total Compensation | $3,813,000 |
| Number of securities underlying options exercisable | 60,000 |
| Stock awards | $478,284 |
| Total Compensation | $478,284 |
