Easiest Job on Planet: Bank CEO
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.
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 04.20.2008 | Business
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New York Times | Dealbook | Posted 03.28.2008 | Business
Bruce Wasserstein is an important rainmaker at Lazard, the investment bank he runs. But, wonders Breakingviews, is he really worth more to the busine...
Reuters | Posted 03.28.2008 | Business
Merrill Lynch & Co Inc (MER.N: Quote, Profile, Research) said on Wednesday top executives did not receive bonuses for 2007 after the world's largest b...
Reuters Via USA Today | Jonathan Stempel | Posted 03.28.2008 | Business
Citigroup (C) awarded Chief Executive Vikram Pandit $26.7 million worth of shares and 3 million stock options six weeks after he took over the largest...
Reuters | Posted 03.28.2008 | Business
With many U.S. chief executives taking home millions of dollars in pay, it is no shock that average workers regards them as overpaid. But that attitud...
AP | Stephen Bernard | Posted 03.28.2008 | Business
"Deeply disappointing" fourth-quarter writedowns have Morgan Stanley Chief Executive John Mack bypassing his year-end bonus -- and he is unlikely to b...
New York Times | Eric Dash | Posted 03.28.2008 | Business
In one of the largest corporate pay give-backs ever, William W. McGuire, the former chief executive of UnitedHealth Group, has agreed to forfeit at le...
New York Times | GRETCHEN MORGENSON | Posted 03.28.2008 | Business
Conflicts of interest are pervasive among executive compensation consultants, according to a Congressional investigation. Moreover, the inquiry found,...
Henry Blodget | Posted 04.30.2008 | Business