Business Beast: Shakeup at the SEC

November 26 Having trouble viewing this? View it online.

1 REVOLVING DOOR Shakeup at the SEC One of the Obama finance team's most stalwart members, SEC chairwoman Mary Schapiro, has announced her exit. The Daily Beast's Matthew Zeitlin on Schapiro's significant legacy, her unfinished business—and whether she let bankers off the hook. Read it at The Daily Beast

2 LABOR How Do You Strike a Walmart? The tactics of the 1930s won't work. By Megan McArdle. Read it at The Daily Beast 4 RETAIL Every Day Is Cyber Monday Black Friday sales slumped, but who cares? Americans are confident—and willing to shell out big bucks online for the holidays, writes Daniel Gross. Read it at The Daily Beast Mary Schapiro, head of the Securities and Exchange Commission, is expected to step down from her position on Monday." READ IT NOW › 5 POLITICS Fix Entitlements, Voters Say New polls indicate that the electorate is out in front of both parties when it comes to demanding real improvements. By Eleanor Clift. Read it at The Daily Beast 3 DISASTER Sandy-Hit Businesses Still Swamped Many lower Manhattan businesses closest to the river are barely hanging on. Eliza Shapiro reports. Read it at The Daily Beast The Number: 18 The Number: 4.1 Percent In response to A Manifesto for Disorder: Basically, the current civilization is hanging on the edge of a number of very thin threads. Global warming if it were scientifically valid is not even an issue. We will be so dead long before the earth could warm up. All it will take is one small disaster, a war, or civil disruption, and this whole world civilization will come spinning apart like a busted flywheel. — SharnCendarr In response to Big Losses, Bigger Paychecks: One quibble: senior management doesn't pay themselves anything. Their pay is set by the board, who is supposed to be speaking on behalf of the owners. Acknowledging that there is some gaming of the system, restricting their pay limits the ability of the owners to spend THEIR money in the way they see fit. If they want to waste it, paying management more money than we think wise, that ought to be their choice. — Stevesturn

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