Fortune

Wall Street's bad bonus year did not extend to Citigroup's c-suite. CEO Vikram Pandit, who said he'd take a salary of $1 until Citi returned to profitability, pulled in nearly $14.9 million this year, and his fellow top officers took home big raises too.

Berkshire Hathaway CEO Warren Buffett said stock prices are likely to rise faster than bond prices, but that many investors are making the mistake of choosing to buy bonds due to a lack of confidence in the U.S. economy, CNBC reported.

The Supreme Court will soon rule on whether Skilling gets a new trial or his sentence reduced. Meantime, Fortune has published a sympathetic profile in which he describes three key mistakes he feels led to his conviction.

Long-awaited layoffs arrived at Time Inc. Tuesday, and those near the top were not spared. At Fortune, three of the four remaining assistant managing editors have been pink-slipped. John Brodie, Brian Dumaine and Eric Gelman are all departing, leaving only Stephanie Mehta, who, according to one...

On Wednesday morning, during Time Warner (TWX)'s third-quarter earnings conference call, chairman Jeff Bewkes said, "We'll continue to take a look at non-strategic and less profitable titles." Apparently, one of those non-strategic titles is Fortune Small Business. A Time Inc. spokesman confirms...

The media recession may be gradually lifting, according to Rupert Murdoch and Janet Robinson, but that doesn't mean everyone with a publishing job is going to make it to the other side. Forbes Inc. embarked on a fresh round of layoffs this week, and employees at Time Inc., the world's biggest...

First Portfolio, the business magazine launched just two years ago by publishing giant Conde Nast, folded. Then, the largest business magazine in America, BusinessWeek, was sold by its parent company, McGraw-Hill (MHP), to Bloomberg for as little as $3 million plus its subscription liabilities....

Reed Hastings sure knows how to bring down the mood in a room. The Netflix founder and CEO was a guest Wednesday at the Magazine Publishers of America's Innovation Summit, but he couldn't bring himself to tell his hosts what they surely wanted to hear. During a keynote interview, Hastings...

Ben Stein is a droll little fellow, and apparently not without a sense of irony. In the new issue of Fortune, the former Nixon speechwriter and game show host asks, "Does Dick Parsons Have a Conflict of Interest?" Stein's answer: Yes. Parsons, the former chairman of Time Warner (TWX) (which, as...

Barry Diller, CEO of IAC/InterActiveCorp (IACI), says there's still a lot of "creative destruction" to come in the media industry, because of the growth of online media. "Out of the shreds of this are going to come very vibrant business models," Diller said today at the Fortune Brainstorm Tech...