Marketplace for Friday, April 5, 2013
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Monthly job numbers were released, and there are fewer workers in the workplace again, many of them leaving the job hunt discouraged. We talk to a discouraged worker about that choice. Plus, Bank of America is creating a new relationship between you and their ATMs -- they'll let you live chat with “tellers” who can assist you. All $1 bills for your $100 deposit? They can make it happen. At the top of the corporate food chain, corporate heads have been rolling this week, as boards punish poor performers. JC Penney cut their top executive's pay by 96 percent. We try to figure out why he's staying on with all the missing zeroes on his pay check.
Posted In: ceo pay, JC Penney
JCPenney cut a top executive's salary by more than 96 percent. Other corporate boards also took a whack this week at poor performers. The curious case of executives who know they're not doing well, but keep working anyway.
Posted In: Unemployment, discouraged workers, Jobs
The jobs numbers are out and the work force is shrinking again. Why are people quitting their searches and what do they do once they've stopped? We hear from a discouraged worker.
Posted In: Bank of America, Banks, ATM
Banks have pushed customers to ATMs and online banking for years. Now Bank of America is inviting people to come in, chat, talk with real bankers and tellers.
Posted In: China
The Chinese are celebrating the annual tomb sweeping holiday, a day when people sweep the gravestones of their ancestors and burn money, paper villas, and cardboard consumer products in the belief that it'll comfort deceased loved ones.
Posted In: fashion
Trendsetters, take note: sales of men's pajamas bottoms have jumped 15 percent in the last year.