PICKS are stories from many sources, selected by our editors or recommended by our readers because they are important, surprising, troubling, enlightening, inspiring, or amusing. They appear on our site and in our daily newsletter. Please send suggested articles, videos, podcasts, etc. to email@example.com.
CEO Pay Surcharge Begins in Portland (Dan)
A 25% surcharge will be added to CEOs who make more than 250 times the median pay of their employees. While even supporters admit it is “imperfect”, they believe the initiative is “a step in the right direction.”
Paula Broadwell Shocked Petraeus Up for Cabinet (Trevin)
But says he has earned the right to go on with his life and be happy.
Libyan Militants Declare Victory Against ISIS, But Doubts Remain (Dan)
There is now a United Nations-backed government of militias in charge. However, the militias have engaged in some questionable actions which could amount to war crimes. There is also the problem of General Hifter, who is power hungry and may be receiving support from Egypt and remaining ISIS militants.
Jamie Dimon, JP Morgan’s CEO, Wants to Help the Little People (Jimmy)
Addressing a Goldman Sachs conference, Dimon explained to the audience that “I want to help lower-wage people more than I want to help you.”
AT&T-Time Warner Merger Now Looks More Likely (Dan)
When the deal was announced, there was bipartisan skepticism about the benefits of the merger. Even then candidate Trump denounced the deal. However, lawmakers are starting to feel differently about the new market of online giants, like Facebook and Amazon, versus traditional telecoms like AT&T and Time Warner