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Next Bailout to Watch: The GOP and the Richest of the Rich

Sally Kohn | Posted 05.25.2011 | Politics
Sally Kohn

CEOs of the 50 corporations that cut the most jobs over the last two years received average bonuses higher than those paid to CEOs of the largest 500 businesses. You follow that? The CEOs who cut jobs got the largest rewards.

Five Washington Excuses for Ignoring the Jobs Crisis

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Our current unemployment trough directly violates the social compact that glues together modern industrial societies -- the tacit commitment that business and government will produce a full-employment economy.

Battle in Seattle Over Insurance Company Profits

Ethan Rome | Posted 05.25.2011 | Politics
Ethan Rome

The stakes in this fight are high. Simply put, the battle over the medical-loss ratio is the new health care reform fight, and if the health insurance companies win, we lose.

Get Rich Cheating: Hayward's Severance

Jeff Kreisler | Posted 05.25.2011 | Books
Jeff Kreisler

Aspiring cheaters, CEOs, and other crooks: Tony Hayward is getting about $18 million to ruin BP and the Gulf.

Nice Work If You Can Get It: Highest Paid CEO Of The Decade

Wall Street Journal | Posted 05.25.2011 | Business

Larry Ellison, founder and chief executive of software maker Oracle Corp., topped the list of best-paid executives of public companies during the pas...

Disgruntled Airline Workers: The Next Terrorist Threat?

Tiffany Hawk | Posted 05.25.2011 | Travel
Tiffany Hawk

After being fired for throwing a coffee pot at a co-worker, flight attendant Rodney Lorenzo allegedly said he would retaliate by giving cockpit-access instructions to Islamic terrorist groups.

The Value(s) of Wall Street

Charles Kolb | Posted 05.25.2011 | Business
Charles Kolb

The day when the Federal Reserve began to lower interest rates to address a looming economic downturn, the New York Times ran a Tiffany & Co. ad on page three. The ad featured a lovely pair of diamond teardrop earrings for $230,000.

The 10 Highest-Paid CEOs 2009: Execs Get 'Once-In-A-Lifetime Pay Bonanza' (PHOTOS)

Huffington Post/AP | Posted 05.25.2011 | Business

NEW YORK (BY RACHEL BECK, AP) -- America's top CEOs are set for a once-in-a-lifetime pay bonanza. (SCROLL DOWN FOR A LIST OF THE TOP 10 HIGHEST-PAI...

How Many Workers Can You Buy for the Price of One CEO?

DailyFinance | DOUGLAS MCINTYRE | Posted 05.25.2011 | Business

Not all CEOs are as generous as Apple's (AAPL) Steve Jobs. The company's founder makes a mere $1 a year, while a starting sales associate at one of hi...

The More CEOs Make, The Worse They Treat Workers, Says A New Study

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

CEO pay has been blasted for increasing risk to the economy, being out of proportion to ordinary wages and being unrelated to actual company performan...

Ryan Grim

Frank Battling White House On Proxy Access

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Business

UPDATE, 6/24/10: Barney Frank and his House colleagues are standing strong against a White House effort to block shareholders from having proxy access...

Where The CEOs Live: The Abodes Of Some Of America's Top Execs (PHOTOS)

Posted 05.25.2011 | Business

Thinking of living like a CEO? If you want the mega-mansion in Connecticut or the estate in Palm Beach, start saving. Except for a one frugal billiona...

Mediocre CEOs: 9 Execs Screwed Up And Still Made Big Bucks

The Big Money | Heidi N. Moore | Posted 05.25.2011 | Business

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...

The Super-Rich CEO Scam - and How to Stop It

Johann Hari | Posted 05.25.2011 | Politics
Johann Hari

The same people who told us the market would deal efficiently with subprime mortgages and credit default swaps are throwing up their hands and saying that the market will deal efficiently with CEO pay. But it doesn't, and it won't.

CEOs of Bailed-Out Regional Banks Receive Raises

Reuters | Steve Eder | Posted 05.25.2011 | Business

Bailed-out by taxpayers, Fifth Third, PNC, Regions, KeyCorp and other large heartland banks have been quietly approving pay increases for their top ex...

Citigroup Eyed By Financial Crisis Commission

nytimes.com | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

But there is one small question, not so obvious, that has been crying out for an answer for years, and it has nothing to do with exoticisms like C.D.O...

CEO Greed: "Worse This Year Than It's Ever Been"

Jonathan Tasini | Posted 05.25.2011 | Business
Jonathan Tasini

I was a skeptic, from the outset, that the Administration's efforts to cap CEO pay would amount to much. And, today, we see evidence that the CEO class is back at the trough again.

Eric Schmidt, Google CEO, Got A BIG Pay Cut In 2009

AP | By MICHAEL LIEDTKE | Posted 05.25.2011 | Business

SAN FRANCISCO – The Associated Press has found the total compensation of Google's CEO fell by 52 percent last year as the Internet search leader cut...

Most Valuable CEOs In Finance: Jamie Dimon Tops Bloomberg Markets' Ranking

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

Shareholders who dish out millions to an elite CEO should of course expect a lot in return. The CEO who provided the best bang for the buck, according...

CEO Compensation Defy Obama With More Cash Instead of Pay for Performance

bloomberg.com | Alexis Leondis, Jessica Silver-Greenberg and Tara Kalwarski | Posted 05.25.2011 | Business

With pay packages under pressure from President Barack Obama and shareholder activists, average compensation fell by 8.6 percent to $9.81 million for ...

Majority Of Americans Want Regulation And Despise Wall Street, According To Poll

Bloomberg.com | Posted 05.25.2011 | Business

March 24 (Bloomberg) -- Americans are leery about creating a new federal agency to make consumer-protection rules for mortgages and credit cards and w...

Weekly Audit: After Health Care, the Economy

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

By Zach Carter, Media Consortium blogger Now that health care reform has finally been enacted, a host of critical economic issues are taking center st...

Shareholders Move to Curb Extravagant Pay for WellPoint CEO

Ethan Rome | Posted 05.25.2011 | Business
Ethan Rome

Even by the standards of people who believe that it's okay to do just about anything to make money, WellPoint consistently goes too far. Their turbo-charged greed is out of control, and their lack of any moral compass is shocking.

Back on the Street to Fight the STREET

Richard Trumka | Posted 05.25.2011 | Politics
Richard Trumka

Millions of Americans are living in fear--for their jobs. When a job disappears, working people are gripped with a fear that high-flying hedge fund ma...

How Stock Options Became Toxic

Dr. Philip Neches | Posted 05.25.2011 | Business
Dr. Philip Neches

Today's stock options often draw the public's ire for encouraging short term thinking and extreme risk taking on Wall Street. But it wasn't always this way.