The Weekly Biz Quiz: Google, Chase, Overpaid CEOs, and More!
1. Google's threat to pull out of China over cyber attacks has been good news for China's leading search engine, Baidu, whose stock has risen more than 20 percent since the dispute went public. What does the word Baidu translate to in English?
- A. Giant Killer
- B. Hundreds of Times
- C. I'm Feeling Lucky
- D. Let a thousand searches bloom
- Answer: B - Hundreds of Times
2. The Food and Drug Administration has ordered a broad-based recall of Tylenol, Motrin, Benadryl and other Johnson & Johnson products after receiving customer complaints from as far back as early 2008. What was the complaint about the drugs that prompted the recall?
- A. Cotton ball in bottle too big
- B. Pills meant to treat headaches actually cause headaches
- C. Pills give off sickening mildew odor
- D. Child-proof caps too hard to open
- Answer: C - Pills give off sickening mildew odor
3. JPMorgan Chase's chief executive Jamie Dimon made a surprising statement to accompany the company's latest earnings announcement. What did he say?
- A. That Chase's plan to earmark $26.9 billion for employee bonuses is "easily misunderstood by the public."
- B. That the bank's new slogan in 2010 will be "The Chase is On."
- C. That Chase's nearly $12 billion in profits last year "fell short of being an adequate return on capital."
- D. That the bank's interest rate of 0.01 percent on savings accounts is "a remarkably good deal for consumers."
- Answer: C - That Chase's nearly $12 billion in profits last year "fell short of being an adequate return on capital."
4. The compensation research firm Equilar released a list showing the pay for CEOs at the 200 largest public companies in 2008. The CEO at the top of the list took home $104.4 million in total compensation, beating his nearest competitor by more than 20%. Who was he?
- A. Sanjay Jha, CEO of Motorola
- B. Larry Ellison, CEO of Oracle
- C. Robert Iger, CEO of Disney
- D. Hoard Schultz, CEO of Starbucks
- Answer: A - Sanjay Jha, CEO of Motorola
