iOS app Android app

Pay Czar

America's Anger at the Great Financial Bailout and the Press' Continuing Inability To Understand Why

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

What galls most Americans is the manner in which Wall Street rewarded itself after it was the public that took the risk of bailing them out.

The President's Misdirected Class Warfare

Raymond J. Learsy | Posted 05.25.2011 | Politics
Raymond J. Learsy

It is not whether families earning $250,000 are paying more or less taxes that is of visceral concern. The public still feels they have been held up and the Wall Street perpetrators are laughing all the way to bank.

Feinberg: BP Is Stalling Payments To Victims

CNBC | Reuters | Posted 05.25.2011 | Business

British energy giant BP is holding up payments to economic victims of the Gulf of Mexico oil spill, Kenneth Feinberg, administrator of a $20 billion c...

The Administration's "Pay Czar" Soft Pedaling Bank Bonuses as "Ill Advised." What Is This Man Talking About?"

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Feinberg is permitting the $1.6 billion he identified as "ill advised" payments to sit cozily in bankers bank accounts, monies that could well be deemed taxpayer gratuities, and with Feinberg counting, one could well imagine the sums are far greater.

White House Pay Czar Expected To Blast 17 Banks For 'Ill-Advised' Payments To Execs

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Kenneth Feinberg, the Obama administration's "pay czar," is set to slam the leadership of 17 bailed-out banks and other financial institutions that pr...

Pay Czar To Banks: Give Back Your 2008 Bonuses

foxbusiness.com | Posted 05.25.2011 | Business

Pay czar Ken Feinberg is getting ready to stick it to Wall Street again, preparing to demand, or "claw back", bonus money that some banks paid out dur...

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 ...

Pay Czar's Pay Limits Didn't Drive Most Execs Away

nytimes.com | ERIC DASH | Posted 05.25.2011 | Business

For months, Wall Street banks and the troubled automakers feverishly protested that their top executives would flee if they were not lavishly rewarded...

AIG Bonuses: Insurer To Withold $21 Million

Bloomberg | Hugh Son | Posted 05.25.2011 | Business

March 12 (Bloomberg) -- American International Group Inc.'s effort to reach its commitment of $45 million in bonus concessions are focusing on former ...

AIG Execs May Get Pay Raise (VIDEO)

Posted 05.25.2011 | Business

AIG may have lost $8.87 billion last quarter -- and may be in need of another federal cash infusion -- but some of the company's top executives are se...

Pay Czar: Kenneth Feinberg You're worth less than you think

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

In an interview with Kenneth Feinberg, the Obama administration's pay czar, The Hill leads with one highly intriguing anecdote. A Wall Street execut...

Kenneth Feinberg, Obama's Pay Czar, Blasts Goldman Sachs CEO's $9M Payday (WATCH)

Posted 05.25.2011 | Business

Obama's pay czar isn't happy with the $9 million payday that Goldman Sachs is set to give its CEO, Lloyd Blankfein. In an interview with Bloomberg...

AIG Bonuses: Geithner Says Bank Fee Could Recover 'Outrageous' Payments

Posted 05.25.2011 | Business

After AIG announced its plans to pay $100 million in expedited bonuses this year, Treasury Secretary Tim Geithner criticized the payouts as "outrageo...

AIG Bonus Cuts

wsj.com | SERENA NG | Posted 05.25.2011 | Business

Most employees currently at the financial-products unit of American International Group Inc. have indicated they will accept cuts in a batch of March ...

Jason Linkins

Fox News Ignores White House Afghanistan Meeting To Obsess Over Czars

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Media

Lawmakers met at the White House to have a discussion on the war in Afghanistan. But Fox News' Neil Cavuto chose to spend his time fearmongering about the White House's Special Master for Compensation.

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.

Pay Czar's Reforms May Not Restrict Wall Street Pay, Overall Pay Likely WON'T Fall

bloomberg.com | Ian Katz | Posted 05.25.2011 | Business

Corporate governance and compensation experts say new rules will mostly help eliminate plans like those that tied bonuses to the number of subprime mo...

AIG Executives Kept Bonuses They Promised To Return, Feinberg Says

Bloomberg.com | 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: AIG Executive Pay Crackdown Coming

ft.com | Francesco Guerrera in New York and Tom Braithwaite in Washington | Posted 05.25.2011 | Business

The Obama administration's pay tsar has indicated he will take a tough stance on executive pay at AIG, the state-controlled insurance group that spark...

Bank Of America CEO Search: Why No One Wants The Job

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Apparently, no one wants to be CEO of the nation's largest bank. The protracted search for a new Bank of America CEO may last until 2010, reports Bloo...

2010: The Year Main Street Sticks It to Wall Street and Washington

Don McNay | Posted 05.25.2011 | Business
Don McNay

If anyone has ever dreamed of being an office holder, 2010 is the year to do it. There are going to be several situations where voters elect a complete unknown, just to express their anger about the incumbent.

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?

Benmosche, AIG CEO, Has $10.5 Million Pay Package Approved By Pay Czar

Oct. 6, 2009 | David Goldman, CNNMoney.Com Staff Writer | Posted 05.25.2011 | Business

NEW YORK (CNNMoney.com) -- AIG Chief Executive Robert Benmosche's $10.5 million annual pay package has been formally approved by Obama administration ...

Pay Czar Set To Announce Next Wave Of Compensation Limits Today

nytimes.com | REUTERS | Posted 05.25.2011 | Business

NEW YORK/WASHINGTON (Reuters) - The Obama administration's pay czar plans to announce on Friday his next wave of rulings as bailout recipients struggl...

Supreme Court To Hear Case About Excessive Pay; Parallels Seen In Executive Compensation

Washington Post | Robert Barnes and Steven Mufson | Posted 05.25.2011 | Business

The Supreme Court this week will hear a case that raises bedrock questions about the ability of the market to set "reasonable" corporate compensation,...