CEO gives back bonus, says he doesn’t deserve it

Fortune

Well, here’s something you don’t see too often. Or maybe never…

Rick Holley is CEO of Plum Creek Timber Co. [fortune-stock symbol=”PCL”], a Seattle-based real estate investment trust that owns and manages around 6.8 million acres of timberland in 19 states. Today Holley disclosed, via a regulatory filing, that he has returned 44,445 restricted stock units back to the company because “he does not believe that he should receive such an award unless Plum Creek’s stockholders see an increase in their investment return.”

At today’s opening price of $41.80 per share, Holley’s giveback would work out to more than $1.85 million.

To be sure, it’s been a rough 18 months for Plum Creek shareholders, in part due to low levels of new home construction. The stock hit an all-time high of $54.04 per share on May 12,2013, before falling as low as $39 per share on October 1, 2014…

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Canadian companies seen lacking financial muscle to guard against cyberattacks

This is not good for Canada. As more Canadian shop online, and use their smartphones for an array of applications, our companies must continue to invest in technologies that will reduce risk and enhance customer experience!

Financial Post

Canada’s strict privacy legislation — and the required data checks and balances — helps businesses boost their defences against cyberattacks such as the devastating Sony Pictures hack where celebrities’ social security numbers and salaries were leaked, but Canadian firms are cutting their cybersecurity budgets and fewer system breaches are being detected, security professionals warn.

[np_storybar title=”Hack that crippled Sony Pictures’ computers highlights growing threat of malware as cyber weapons” link=”http://business.financialpost.com/2014/12/04/hack-that-crippled-sony-pictures-computers-highlights-growing-threat-of-malware-as-cyber-weapons/?__lsa=2a98-697c”]The hacking of Sony Pictures Entertainment points to a type of attack security experts have long dreaded: one that uses the sophistication of a foreign government to destroy systems rather than just steal data.

There have been a handful of such incidents around the world and they are likely to grow more common, either to further a political agenda or hide evidence of theft or espionage, said Michael Chertoff, former secretary of the U.S. Homeland Security Department. Keep reading.
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Watch Jon Stewart Weigh In On the Eric Garner Case

TIME

Jon Stewart couldn’t find anything to joke about on The Daily Show when he talked about Eric Garner. Garner was killed after being put in a chokehold by a cop, and a grand jury declined to indict the officer Wednesday, sparking national outrage.

“If comedy is tragedy plus time, I need more f—king time,” Stewart said.

“We are definitely not living in a post-racial society,” he continued. “And I bet there are a lot of people out there wondering how much of a society we are living in at all.”

Watch the full clip here.

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