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Executive Compensation

A Happy Day in Businessland!

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

The Dow is about to go over 10,000 again. Won't that be nice? Yay for those cockeyed optimists! They make the world go 'round!

Cure Millions of Leprosy -- or Just Give Hank Paulson a Tax Break?

Matt Bivens | Posted 05.25.2011 | Politics
Matt Bivens

$300 million could eradicate smallpox, history's greatest killer of humans -- yet the same sum wouldn't cover the bonus pool for the executives of the insurance company AIG after its great meltdown.

Wall Street's 10 Biggest Lies of 2009

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Not only are we richly rewarding those who wrecked our economy, but also, we have to put up with hundreds of fabrications about how the big banks got us here. Here is my biggest, fattest lies list for 2009.

Wanted: AIG Management (Must Work for Cheap)

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

WANTED: Bright, dedicated corporate professionals for key posts at massive insurance entity now essentially owned by the Federal government. Job would start immediately, as employer is sick of current crop of whiny, entitled executives.

Wall Street and Goldman Sachs Party On

Joseph A. Palermo | Posted 05.25.2011 | Business
Joseph A. Palermo

A criminal gang of rich white guys in New York did some extremely reckless things with the nation's collective wealth, and the middle class got clobbered.

AIG Executives Kept Bonuses They Promised To Return, Feinberg Says | Hugh Son | Posted 05.25.2011 | Business

Four of five managers in AIG's Financial Products unit that are under the jurisdiction of pay master Kenneth Feinberg didn't make good on pledges to r...

Pay Czar Feinberg Speaks and Wall Street Cringes

Jill Schlesinger | Posted 05.25.2011 | Business
Jill Schlesinger

Feinberg is not cutting total compensation, he's changing the composition of pay packages -- less cash, more stock with longer vesting periods. In other words, the top guys will have more skin in the game.

Who Really Will Pay for Goldman Sachs' $23 Billion in New Bonuses

Rob Shapiro | Posted 05.25.2011 | Business
Rob Shapiro

We didn't need this latest and most conspicuous instance of greed at Goldman to know that the compensation provided to the uppermost echelons of American business is out of control.

How the Servant Became a Predator: Finance's Five Fatal Flaws

William K. Black | Posted 05.25.2011 | Business
William K. Black

Five fatal flaws in the financial sector's current structure have created a monster that drains the real economy, promotes fraud and corruption, threatens democracy, and causes recurrent, intensifying crises.

AIG Bonuses: Treasury, NY Fed Backed AIG In Feud With Pay Czar

Posted 05.25.2011 | Business

During the height of the tense negotiations over executive compensation led by pay czar Kenneth Feinberg in recent months, Wall Street had an unexpect...

Empower Stockholders To Dictate Executive Salaries

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Headlines shout about overly generous executive compensation packages. Some say it is disgusting, obnoxious and egregious.

Executive's Pensions See Huge Growth | ELLEN E. SCHULTZ and TOM MCGINTY | Posted 05.25.2011 | Business

Pensions for top executives rose an average of 19% in 2008, with more than 200 executives seeing pensions increase more than 50%, according to a Wall ...

Jason Linkins

WSJ, CNBC Hysterically Misinform On Executive Compensation | Jason Linkins | Posted 05.25.2011 | Business

Kenneth Feinberg is the White House Special Master for Executive Compensation, and he is tasked with placing restrictions on the pay showered upon the...

Excessive Compensation: Your Tax Dollars at Work

Aaron Zelinsky | Posted 05.25.2011 | Business
Aaron Zelinsky

The Obama Administration recently announced pay limits for bailed-out CEOs. But unless the IRS changes its policies, taxpayers will continue to subsidize unreasonable compensation paid by publicly held corporations.

Rewarding Failure: The Bail-Out Bonuses on Wall Street Continue

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

If world-class, reckless risk-taking continues to receive massive economic rewards, then we are headed to another financial collapse in two years -- or five years; or fifteen years.

Oh Goldman: A Song for Your Bonus Babies

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

In the middle of the bath / In the middle of the bath I call your name / Oh Goldman, oh Goldmamn, my love will turn on you / My love will turn on you

How Green Are Our Bankers

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

It's easy to rail at Congress and the Fed and the President and all the bozos past, present and future who don't foresee the bubbles or simply drink too much of them. But what would you do? I'm seriously asking.

Wall Street Makes Merry With Other People's Money

Dan Collins | Posted 05.25.2011 | New York
Dan Collins

There's a good deal of jolliness on Wall Street this holiday season, thanks to the billions of dollars in bonuses that will be stuffed into the stockings of your favorite bankers. It's safe to assume the final tally will be very big.

WSJ: AIG CEO Ready To Quit Over Pay Constraints

Huffington Post/AP | Posted 05.25.2011 | Business

NEW YORK — After just three months as head of battered insurer American International Group, Robert Benmosche has threatened to leave his post as he...

Executive Compensation: The Best Halloween Costume

Jill Schlesinger | Posted 05.25.2011 | Business
Jill Schlesinger

Limiting executive compensation is a terrific way to appease the masses and make it look like you're doing something without having to embark on the hard work of true regulatory reform.

The $200,000 Insult: Come to Chicago

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

Wall Street badly needs fixing. Fortunately we have the tool to do the job. It's called a financial transactions tax (FTT) - a modest tax on trades of stock, futures, options and other financial instruments.

Taming Corporate Pay, Finally

Mark Green | Posted 05.25.2011 | Politics
Mark Green

Is the reported, imminent slapdown by "pay czar' Ken Feinberg of the pay packages at seven bailed out firms the breakthrough critics have been waiting for?

Executive Compensation - "Keep the Bubble in the Middle"

David M. Roberts | Posted 05.25.2011 | Business
David M. Roberts

A recent academic study by Fahlenbrach & Stulz actually shows that on average the CEO's in the financial crisis did not take big gains while shareholders suffered losses. The median loss for a CEO was $5.1million.

Pay Czar Kenneth Feinberg Plans To Cut Salaries, Increase Stock Compensation | By DEBORAH SOLOMON | Posted 05.25.2011 | Business

WASHINGTON -- The Obama administration's pay czar is planning to clamp down on compensation at firms receiving large sums of government aid by cutting...

AIG Executives Have Repaid Just $19 Million Of $165 Million That They Promised To Give Back

Washington Post | Brady Dennis | Posted 05.25.2011 | Business

New York Attorney General Andrew M. Cuomo threatened to publicize the recipients' names, prompting executives at AIG Financial Products to hastily agr...