What we’re reading (4/11)
“Inside The Fight For The Future Of The Wall Street Journal” (DNYUZ). “The Wall Street Journal is a rarity in 21st-century media: a newspaper that makes money. A lot of money. But at a time when the U.S. population is growing more racially diverse, older white men still make up the largest chunk of its readership, with retirees a close second.”
“Wall Street’s Top Analysts Back These Stocks As The Second Quarter Kicks Off” (CNBC). “TipRanks analyst forecasting service attempts to identify the best-performing analysts on Wall Street, or the analysts with the highest success rate and average return per rating. These metrics take the number of ratings published by each analyst into account. Here are the best-performing analysts’ top stock picks right now[.]”
“Covid-19 Brought The Economy To Its Knees, But CEO Pay Surged” (Wall Street Journal). “The Covid-19 pandemic upended many businesses, but it didn’t upend compensation for most business leaders. Median pay for the chief executives of more than 300 of the biggest U.S. public companies reached $13.7 million last year, up from $12.8 million for the same companies a year earlier and on track for a record, according to a Wall Street Journal analysis.”
“CEO At Troubled Vaccine Plant Received 51 Percent Compensation Boost In 2020” (Washington Post). “Emergent BioSolutions, the troubled manufacturer at the heart of Johnson & Johnson’s coronavirus vaccine production problems, gave its chief executive officer a 51 percent increase in total compensation in 2020, to $5.6 million, according to a public filing Friday…[a]s a federal contractor specializing in biodefense and emergency response, Emergent’s 2020 financial success was fueled in large part by a burst of federal spending to fight the coronavirus pandemic.”
“A Looming Shortage Of Bacon And Hot Dogs Could Leave Big Cookout Plans Up In Smoke For July Fourth When Most Americans Are Vaccinated” (Business Insider). “Summer barbecues may taste a little different this year. Hogs have been in short supply since the beginning of the COVID-19 pandemic more than a year ago. Now analysts are predicting higher prices and a short supply of pork for foods like hot dogs and bacon as restaurants re-open and summer barbecues resume as vaccinations in the US pick up pace.”
