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Vonage

footnoted.org | Michelle Leder | Posted 05.25.2011 | Business

What a year it has been [for Vonage] under Lefar. When he joined the company, Vonage stock was trading at around $1.50 and a little over a year later ...

5 Most overpaid CEOs: The Corporate Library's List

cnn.com | Ben Rooney | Posted 05.25.2011 | Business

The Corporate Library, a corporate governance research firm, reviewed regulatory filings from 2,000 publicly traded companies and came up with a list ...

Annual Bank Bonuses To Be Banned In U.K.

BusinessWeek | DAVID STRINGER | Posted 05.25.2011 | Business

British Treasury chief Alistair Darling said Monday that annual bonuses for bank executives will be outlawed in an attempt to curb excessive risk-taki...

CEO Pay Fell Just 6.4 Percent From 2007 To 2008

usnews.com | Rick Newman | Posted 05.25.2011 | Business

A new survey of CEO pay by research firm the Corporate Library finds that median take-home pay among more than 2,000 CEOs fell by 6.4 percent from 200...

Jiang Jianqing, CEO Of Top China Bank, Earned Just $234,000 Last Year

Reuters | Steve Eder | Posted 05.25.2011 | Business

NEW YORK (Reuters) - You wouldn't know it by his pay stubs, but Jiang Jianqing heads the world's largest bank....

Size Matters: Why the Obama Administration is Wrong About Wall Street Pay

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Just a year ago, it seemed plausible that our government would do the obvious: bring the hammer down on sky-high salaries and bonuses, which clearly had no economic justification.

Daddy: Did Wall Street Win the War?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The ultimate Wall Street victory: bankers rob the Treasury, then the government gets blamed for the heist. You can hear the glasses clinking, come bonus time.

Happy Wall Street Day?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Labor Day began in 1882 to honor those "who from rude nature have delved and carved all the grandeur we behold." Today, we have so devalued labor that we hardly notice when millions lose their jobs.

Ratcheting Up CEO Pay -- Or Competing For Talent?

Penny Herscher | Posted 05.25.2011 | Business
Penny Herscher

There is so much written about fat cat CEOs and their unfair pay packages that it's a question worth pondering. The hard part is judging what is fair and necessary to get the talent you want, and what the market dictates.

Can We Stop Wall Street's $100 Million Payday and Save Obama from Political Suicide?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

We need to save Obama from his own economic team, which is acting more and more like a Wall Street farm team. They seem blind to the obvious fact that Andrew J. Hall has not earned his keep.

Supreme Court To Hear Case On Execuitve Pay

New York Times | ADAM LIPTAK | Posted 05.25.2011 | Business

Last summer, Richard A. Posner, a federal appeals court judge, issued a surprising and prescient dissent. Executive pay is out of control, he said, an...

Why White House Spokesman Robert Gibbs is Dead Wrong about Wall Street Pay

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Please someone tell me how an entire sector that is on taxpayer life-support is creating value that justifies high salaries and bonuses?

The Pay Czar Has No Clothes: The Obama Administration Has No Guts?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Allowing Citigroup to shell out $100 million dollars to a contracted trader makes a mockery of any efforts to reign in executive pay.

Bank Pay Restrictions Face Senate, Obama Skepticism

bloomberg.com | Ian Katz and Jesse Westbrook | Posted 05.25.2011 | Business

July 31 (Bloomberg) -- Restrictions on financial industry bonuses heading to a vote in the U.S. House may be rejected by the Senate and the Obama admi...

Democrats Need to Wake Up and Regulate CEO Pay

Mike Elk | Posted 05.25.2011 | Business
Mike Elk

Unemployment is at near double digits, people are losing their homes, and trillion of dollars in people's retirement savings have been eliminated -- all as a result of gambling on Wall Street.

Obama's Victory? Give Me a Break

Amitai Etzioni | Posted 05.25.2011 | Business
Amitai Etzioni

If Obama's bill to restrain executive pay is a victory, I don't know what a defeat would look like. The bill does not limit any one's pay by one penny.

Enslaved by Our 401ks?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

I'm worried that we've locked ourselves into the stock market to such a degree that we'll allow nearly anything to happen on Wall Street as long as our pension funds and invested savings recover.

Profiling CEOs and Their Sociopathic Paychecks

Thom Hartmann | Posted 05.25.2011 | Business
Thom Hartmann

What part of being a CEO could be so difficult -- so impossible for mere mortals -- that it would mean that there are only a few hundred individuals in the United States capable of performing it?

Frank Eyes Friday For Executive Compensation Vote

The Hill | Silla Brush | Posted 05.25.2011 | Politics

House lawmakers next week plan to cast their first votes on President Obama's overhaul of the financial regulatory system by taking up new restriction...

A Wall Street Windfall Profits Tax: Now or Never?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Wall Street will get its outrageous bonuses again, and the finance casino will reopen for business. This is both a recipe for disaster and the best moment we've ever had to end Wall Street's domination of our economy.

Calpers Sues Rating Agencies: Where's Obama? Where's Congress?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Fantasy finance inevitably leads to financial crashes, which are a disaster for the real economy. Along the way, bankers get filthy rich. But when the game goes bust, we are the ones picking up the tab.

Happy Days are Here Again! (Here = Wall Street)

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

What did Goldman Sachs actually do that was useful for society, after having helped to drive our economy off a cliff? And why aren't our elected leaders doing something about it?

The New Economy Won't Be Like the Last One

Sarah van Gelder | Posted 05.25.2011 | Business
Sarah van Gelder

The current economic downturn offers an exceptional opportunity to rebuild and, this time, to make it an economy that works for all.

Mega-Bonuses Could Make A Comeback Soon

Telegraph | Jeffrey Goldfarb, Breakingviews.com | Posted 05.25.2011 | Business

This time around, however, the banks should be in a better position to defend against public scrutiny. Start with revenue. Despite the upheaval in ...

Rx for CEO Pay: Fire Ours, Hire Theirs

Mark Goulston, M.D. | Posted 05.25.2011 | Business
Mark Goulston, M.D.

Can a zebra change it's stripes? Think of the people you know who have reached adulthood exhibiting deep attitudes of entitlement, selfishness and av...