I am writing today to announce the closure of the Michigan Messenger. After four years of operation in Michigan, the board of the American Independent News Network, has decided to shift publication of its news into a single site, The American Independent at Americanindependent.com. This is part of a shift in strategy, towards new forms [...]
An abstinence-only presentation provided to numerous school districts in Calhoun and Eaton Counties in October of this year provided false and misleading information to students about HIV, experts allege.
Two county registers of deeds filed a class action lawsuit Monday on behalf of Michigan’s 83 counties alleging that the Mortgage Electronic Registration Services owes millions of dollars in property title transfer taxes.
Despite evidence of the impact of mercury on children and public health, Michigan Attorney General Bill Schuette last month joined with 24 other state attorneys general in filing a lawsuit to scuttle new EPA regulations that would reduce mercury emissions from power plants.
Benton Harbor-based Whirlpool Corp. has been criticized lately for outsourcing American jobs while benefiting from federal stimulus grants, and the union at its Evansville, Indiana plant recently filed a complaint with the National Labor Relations Board over company efforts to discourage organizing by employees.
But times are good for company CEO and Chairman Jeff Fettig.
The Dow Jones News Wire reports that recent SEC filings show that Fettig’s 2009 salary, incentive-based pay, executive perks, and stock and options awards amounted to $10.81 million, up from $6.11 million in 2008.
Whirlpool, the world’s largest manufacturer of household appliances, struggled against sharply falling sales last year, as consumers postponed buying new appliances in the midst of the economic recession. The company’s net income fell 21.5% from 2008, while sales slipped 9.56%.
But Fettig received $3.5 million in nonequity incentive pay, up from $420,000 the year before. The increase largely stems from the company’s performance excellence plan that rewards executives for increasing shareholder value. Whirlpool’s stock price increased 95% in 2009.
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