Bankers Win Court Battle To Get $64 Million In Crisis-Era Bonuses
It seems like a law of the universe: Water flows downhill, and bankers eventually get their bonuses. A group of 104 London investment bankers won a...
It seems like a law of the universe: Water flows downhill, and bankers eventually get their bonuses. A group of 104 London investment bankers won a...
AP | Posted 05.08.2012
LONDON -- The chief executive of Aviva, Britain's largest insurer, has resigned following a shareholder revolt over executive pay, the company said Tu...
Reuters | Posted 04.03.2012
* Gains in stock options, restricted shares offset modest bonuses * Stock grants made during 2009 market lows now look good ...
AP | MARCY GORDON | Posted 05.15.2012
WASHINGTON — Senators are telling the trustee overseeing MF Global that it would be outrageous to pay bonuses to top executives of the collapsed...
AP | MICHAEL GORMLEY | Posted 04.30.2012
ALBANY, N.Y. -- Wall Street cash bonuses for 2011 are expected to drop 14 percent and profits are expected to drop by half for the second year in a ro...
The Huffington Post | Jillian Berman | Posted 02.21.2012
One banker is claiming that blowing the whistle on his colleagues' inappropriate behavior cost him millions. Edward Williems, a former senior inve...
AP | ROBERT BARR | Posted 02.21.2012
LONDON -- Lloyds Banking Group has canceled bonus payments for its former chief executive and a dozen other directors over their involvement in the co...
AP | JEFF KAROUB | Posted 04.16.2012
DETROIT — General Motors Co. plans to freeze its U.S. pension plan for longtime white-collar workers and give all salaried employees annual bonu...
The Huffington Post | Harry Bradford | Posted 01.30.2012
Incomes in America barely rose last year, and that's in part a result of companies deciding against doling out extra bucks if possible. Only a thir...
AP | JILL LAWLESS | Posted 03.30.2012
LONDON — Royal Bank of Scotland chief executive Stephen Hester will not be accepting a 1 million pound ($1.5 million) bonus that drew criticism ...
The Huffington Post | Bonnie Kavoussi | Posted 03.27.2012
As Wall Street adjusts to a less profitable chapter in its history, bankers may be finally feeling the pain that many American workers have known for ...
The Huffington Post | Bonnie Kavoussi | Posted 01.20.2012
Reports are creeping out that yesterday's bonus day wasn't all fun and games at America's most iconic investment bank. Goldman's profits fell in 2...
AP | RANDALL CHASE | Posted 01.13.2012
DOVER, Del. -- A California solar panel manufacturer that received a half-billion dollar loan from the federal government before declaring bankruptcy ...
Posted 12.22.2011
As Wall Street traders cheered positive jobs data on Thursday, they seemed to ignore layoffs and bonus cuts on their own trading floors that will ...
Adam Levin | Posted 01.29.2012
As we ring out what has been a pretty lousy year for most of us, Wall Streeters are all aglow -- thoughts turning to sugar-plum fairies dancing in their brains, bearing bundles of spring bonuses.
Lydia Fisher | Posted 01.18.2012
There were a few rejections before I made it into the Salomon Brothers sales and trading training class. It happened to be the class of 1985, immortalized in Michael Lewis' book, Liar's Poker," and I recently came back from our 26-year reunion.
Posted 01.10.2012
The regulator for Fannie Mae and Freddie Mac on Thursday defended their million-dollar executive bonuses which have come under fire given huge los...
HuffingtonPost.com | Arthur Delaney | Posted 01.09.2012
WASHINGTON -- A bipartisan group of senators led by Jay Rockefeller (D-W.Va.) and John McCain (R-Ariz.) announced Wednesday that they want to ban bonu...
The Huffington Post | Alexander Eichler | Posted 01.08.2012
It's been an underwhelming year for Wall Street, and traders will likely see that reflected in their bonuses, according to a new report. With the ...
Paul Brandeis Raushenbush | Posted 12.12.2011
Occupy Wall Street has turned the spotlight in the general vicinity of Wall Street, but unfortunately it has yet to force Wall Street to articulate its own reason for existence.
Paul Brandeis Raushenbush | Posted 12.12.2011
Occupy Wall Street has turned the spotlight in the general vicinity of Wall Street, but unfortunately it has yet to force Wall Street to articulate its own reason for existence.
The Huffington Post | Jillian Berman | Posted 12.10.2011
While most Americans aren’t expecting their incomes to rise with the cost of living in the near future, more than 60 percent of Wall Street professi...
AP | PALLAVI GOGOI | Posted 09.20.2011
NEW YORK - Morgan Stanley is reporting a loss $558 million for the second quarter. The investment banks' earnings took a hit from converting an invest...
Ed Lawler | Posted 08.20.2011
Executive pay in the U. S. skyrocketed to reach an all time high in 2010. Looking ahead, we will likely find that the pay distance between executives and the rest of their organizations has gotten even greater.
Mother Jones | Josh Harkinson | Posted 07.13.2011
The insecurity of the middle class has a lot to do with how executives are paid. Bonuses pegged to stock prices encourage CEOs to mercilessly outsourc...
The Huffington Post | Alexander Eichler | Posted 05.09.2012