AUGUST 5, 2005

Full News Archive

• Headline: Greenberg Disputes AIG's Income Restatement. Impact: Greenberg's fiery rebuttal to the directors led to a chain reaction of corporate drama that inspired countless TV shows and movies about corporate intrigue. Had he just let it slide, perhaps Hollywood would have been a lot less entertaining—or at least, less full of questionable biopics.. Fact: Did you know that corporate board meetings are sometimes just glorified therapy sessions where everyone airs their grievances? If only they had a couch!.
• Headline: Impact of Hurricanes on Oil Supply Chain. Impact: The hurricanes' threat to oil production led to a global scramble for energy sources, which, ironically, sparked a wave of innovation in renewable energy. So, thanks, hurricanes! You really blew the lid off the fossil fuel industry—literally.. Fact: Did you know that hurricanes have a habit of ruining beach vacations and oil production alike? One minute you're planning a lovely getaway, and the next, you're just hoping your gas prices don't skyrocket..
• Headline: Microsoft Shops at Wal-Mart for an Operating Chief. Impact: Microsoft's choice of a Wal-Mart executive as COO sent shockwaves through the tech world, leading to endless debates about whether software could really be sold like discount t-shirts. Spoiler: it couldn’t, but they sure did try.. Fact: Did you know that if Microsoft had a dollar for every time they hired someone from a retail background, they could probably fund their own space mission? At least they’d finally be out of the software business!.