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...hallmark of capitalism, before the government got involved in what car company and bank executives were to be paid, was that employees could make as much as management felt they were due based on their contributions to the firms where they worked. The best salesman at a company could earn more than the CEO. The best investment banker at a brokerage firm could earn more than the head of investment banking. Just because a CEO held the highest title at a company did not mean that he had to be paid more than everyone who worked for him. Annual compensation...

Author: /time Magazine | Title: Capitalism Finally Takes Root in Russia | 4/7/2009 | See Source »

...night - 11:30 in Houston - and he'd say he was just leaving the recruiting office and starting on his 40-minute drive home." His easygoing son also developed a hair-trigger temper during his time at the River Oaks and Rosenberg recruiting stations. "He wasn't really a salesman," Robert says, "and recruiters are trying to sell something...

Author: /time Magazine | Title: Why Are Army Recruiters Killing Themselves? | 4/2/2009 | See Source »

This morning he has prospective snowbirds from Spain, Ontario ("We just can't ignore these prices"), Boston and Mingo Junction, Ohio, where another steel mill is about to close. "Opportunity is banging at your door," Joseph tells them, and he'd sound like any cheesy salesman if he weren't so attached to this place and so angry at what was done to it; it's as if his house had been burned down by reckless kids playing with matches and he's building it back up again board by board. It's gotten so bad that the courts have...

Author: /time Magazine | Title: The Hope in America's Foreclosure Capital | 4/2/2009 | See Source »

...Intermix also owned a majority stake in a fast-growing website - Myspace.com - which had attracted an impressive 17.7 million visitors the prior month. A consummate salesman, [Intermix CEO Richard] Rosenblatt focused his comments on the potential of adding MySpace's broad audience to complement Rupert Murdoch's already enviable empire of top-flight media companies...

Author: /time Magazine | Title: Stealing MySpace | 3/27/2009 | See Source »

Cheever grew up in the Greater Boston shore town of Quincy. His father was a traveling shoe salesman successful enough for a while to keep his family in middling Yankee splendor - a big house, good schools for John and his older brother Fred. But by the mid-1920s, as Cheever reached his teens, the shoe business was tanking, and his father was increasingly drunk and adrift. To make ends meet, his mother opened a gift shop that Cheever would describe as "an abysmal humiliation," at least for him. The big house would be lost anyway; his mother would shed...

Author: /time Magazine | Title: Darkness Visible | 3/26/2009 | See Source »

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