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Recycled CEOs, keeping customers in a crummy economy & 7 money traps to avoid - Today in Money 10/6

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In the News:
Keeping Customers in a Crummy Economy
With recession expectations growing, some companies are taking extraordinary steps to hold on to customers. Telephone companies' offers for two months of free service and reduced rates, discounted gym membership renewals, and generous gift cards from high-end department stores all underscore a pervasive fear on Main Street: With the uncertainty around the credit seize-up, consumers may be digging in for a long hibernation.
http://www.businessweek.com/investor/content/oct2008/pi2008103_779103.htm?campaign_id=twxa

Why Do Failed CEOs Keep Getting Rehired?
Poor stock performance? Weak sales? No matter! If you were once a C.E.O., you can surely be one again. Failed CEOs like Home Depot's Bob Nardelli who ended up at Chrysler and American Airlines' Don Carty who is leading Virgin Atlantic failed CEOs regularly end up at the helm of other companies. Here's why.
http://www.portfolio.com/executives/features/2008/10/05/Why-Failed-CEOs-Get-Rehired


The $weet Perks of Being a Swing State

With record amounts of fundraising this campaign season, both campaigns are dumping a good chunk of their money and time into the swing states. Michigan has been one of the more traditional swing states, along with Florida, Nevada, New Hampshire, Ohio, Pennsylvania and Wisconsin. The new kids on the block up for grabs this year are Colorado, Indiana, North Carolina and Virginia. But now as McCain pulls out of Michigan the state could see a drop in advertising money. And local communities will miss out on potential revenue dollars from presidential rallies and volunteer visits.
http://www.mainstreet.com/article/money/weet-perks-being-swing-state

7 'Psycho' Money Traps and How to Avoid Them
When it comes to handling money, most of us aren't as rational and logical as we think. As with losing weight, we know what we need to do -- eat less (spend less) and exercise more (save more), but somehow we can't bring ourselves to do it. The way the brain works makes it prone to money mistakes. Here's how to avoid these cerebral snares.
http://www.bankrate.com/brm/news/retirement/20081009_psychological_money_traps_a1.asp

The Dream Life
It's corporate America's dirty little secret--almost no one really wants to be there. Nearly every corporate drone dreams of living a different life, whether that's opening your own winery, running a marathon on the polar ice cap or becoming a successful Hollywood writer. Most of us will never get there, condemned instead to a few more decades of endless meetings in dreary conference rooms. But some folks really do break out of the rut. Our special report focuses on seven remarkable Americans who are doing what they love during their second act.
http://www.forbes.com/2008/10/01/dream-careers-life-lead-dreamlife08-cx_ml_mn_1001dream_land.html

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Last updated: November 25, 2009: 01:58 PM

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