Executive Will Rake In $100 Million For Relinquishing Responsibilities
As most Americans have watched their incomes fall during the recession and recovery, one CEO is netting a huge cash payment for relinquishing some res...
As most Americans have watched their incomes fall during the recession and recovery, one CEO is netting a huge cash payment for relinquishing some res...
The Huffington Post | Harry Bradford | Posted 12.24.2011
Despite growing income inequality, and global protests criticizing the wealth gap, CEO compensation now exceeds pre-recession levels, totaling billion...
24/7 Wall St. | Douglas A. McIntyre | Posted 12.20.2011
From 24/7 Wall St: It's that time of year again, when proxies are released and many business publications run lists of the highest paid CEOs at Americ...
Posted 11.07.2011
"A nation's greatness is measured by how it treats its wealthiest members." --probably Gandhi There's a disturbing sentiment that has been steadi...
AP | Posted 06.02.2011
NEW YORK — Lloyd Blankfein, the CEO of Goldman Sachs Group Inc., saw his 2010 compensation rise to $14.1 million from just over $1 million in 20...
Posted 05.25.2011
NEW YORK (Reuters) - General Electric Co (GE.N) paid Jeffrey Immelt a $4 million cash bonus in 2010, following two years when the chief executive...
The Big Money | Heidi N. Moore | Posted 05.25.2011
Why aim for greatness when mediocrity pays just as well? The financial crisis has changed a lot about our economy, but one thing remains a constant: P...
HuffingtonPost.com | Sam Stein | Posted 05.25.2011
Two pro-health care reform groups are launching a "closing argument" television ad campaign in which private insurers are portrayed as private jet-rid...
Huffington Post | Grace Kiser | Posted 05.25.2011
The defenders of Wall Street pay usually rely on a rather familiar argument. It goes something like this: CEOs demand millions because they deliver pr...
Philip Slater | Posted 05.25.2011
Why should the corporate miscreants who did untold harm to millions upon millions of their fellow citizens, remain largely anonymous, shielded from public scorn?
Crain's Chicago Business | Paul Merrion | Posted 05.25.2011
Despite plunging stock values and shrinking profits, most CEOs of Chicago's biggest companies got substantial raises and many pocketed seven-figure bo...
Huffington Post via WSJ | Julie Satow | Posted 05.25.2011
Several chief executives were handsomely paid last year even though their company performed terribly, the Wall Street Journal reports. By most mea...
Bill Black, Tom Ferguson, Rob Johnson, Walker Todd | Posted 05.25.2011
Today the task is to stop a grotesque abuse before it is too late. The path we outline here would do it, without throwing markets into turmoil.
Reuters | Posted 05.25.2011
Annual bonuses for U.S. chief executives are shrinking, though the declines may be cold comfort for shareholders rocked by big stock market declines. ...
AP | STEPHEN MANNING | Posted 05.25.2011
WASHINGTON — General Electric Co. said Wednesday that Chairman and Chief Executive Jeffrey Immelt will forgo a 2008 bonus and performance awards...
Fortune's Stanley Bing | Posted 05.25.2011
The $500,000 limit on executive pay may seem like a lot of money to people, but in actuality, for a banker, you might as well be offering a salary of $1 per year.
Paul Szep | Posted 05.25.2011
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Stephen Herrington | Posted 05.25.2011
The whole culture of bonus incentives has exacerbated the decline of American business leadership into a culture of peri-criminal opportunism.
AP | Posted 05.25.2011
President Barack Obama responded Thursday to a front page story in the New York Times which reported that Wall Street handed out $18.4 billion in bonu...
Christopher Brauchli | Posted 05.25.2011
As credit card holders who carry unpaid balances know, most credit card companies reserve the right to raise interest rates at most any time for most any reason.
Robyn Blumner | Posted 05.25.2011
If I had turned an ungodly profit by putting my seal of approval on investments that turned out to be garbage, I'd be deeply worried about personal liability and jail.
Don McNay | Posted 05.25.2011
Those of us who run our own businesses don't get bonuses if we lose money. We usually don't get bailed out or taken over. If we lose enough money, they lock us up and board up the front windows.
Henry Blodget | Posted 05.25.2011
Take the job after an economic downturn, announce "new era" for Your Bank, have PR people place a Fortune cover story about you, and sit in your chair for three years and collect at least $50 million.
AP | Posted 05.25.2011
MBIA Inc. granted raises to some of its executives and offered bonuses to managers who stay another year as part of a plan to retain key people during...
The Huffington Post | Jillian Berman | Posted 01.23.2012