The Parable of the Unmerciful Bankers
It's estimated that the bonus pool of just one of these big banks would have been enough money to prevent or significantly delay foreclosure for all 2.3 million people who lost their homes last year.
It's estimated that the bonus pool of just one of these big banks would have been enough money to prevent or significantly delay foreclosure for all 2.3 million people who lost their homes last year.
New York Times | JENNY ANDERSON | Posted 12.16.2009 | Home
...Current and former Goldman executives say Mr. Blankfein has built a money machine that, while it still values its customers, culture and reputation...
Posted 12.14.2009 | Business
Tullett Prebon, a London-based inter-dealer broker described as one of the City's biggest trading firms, will help employees relocate to avoid the Uni...
AP | JOYCE M. ROSENBERG | Posted 12.02.2009 | Business
NEW YORK — Bonuses are starting to reappear at small companies as business shows signs of picking up. Many companies had to eliminate employee ...
Huffington Post | Ryan McCarthy | Posted 11.23.2009 | 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...
The New York Times | LOUISE STORY | Posted 11.08.2009 | Business
Banks cut bonuses last year and shifted more pay into stock and options from cash, a tactic that lawmakers supported for its emphasis on long-term per...
Washington Post | Robert Barnes and Steven Mufson | Posted 10.31.2009 | 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,...
Wall Street Journal | DAVID ENRICH and DEBORAH SOLOMON | Posted 10.28.2009 | Business
Treasury Department pay czar Kenneth Feinberg last week announced sharp cuts in total compensation at the finance and auto companies under his control...
Huffington Post | Marcus Baram | Posted 10.21.2009 | Business
It may be hard to believe but there was a time, almost 25 years ago, when Wall Street and Main Street weren't so far apart -- at least when it came to...
Dr. Sasha Galbraith | Posted 10.06.2009 | Business
The higher the amount of testosterone, the more willing people are to take risks. Women, with considerably less of the male hormone coursing through their bodies, are more risk averse.
CNN Money | Posted 11.24.2009 | Business
Compensation for top executives at many of the nation's largest publicly traded firms was essentially unchanged last year, even as the stock market pl...
Julia Moulden | Posted 11.11.2009 | Living
It's no secret that some people earn more than others, but the gap is huge, and getting bigger every year. There have been some cool innovations designed to try to address this imbalance, but none have caught on in a big way. And now a couple of clever guys from Silicon Valley may just have reinvented the compensation wheel.
John Farr | Posted 09.21.2009 | Entertainment
Could it be that Denzel and Julia no longer merit guaranteed twenty million dollar paydays with every picture? And if so, what precisely has happened?
Christina Patterson | Posted 08.16.2009 | Living
Middle-class parents somehow believe that the web of neurotic over-protection that they weave around little Ella or Sam should extend seamlessly to every object, or person, they meet.
Robert Teitelman | Posted 08.15.2009 | Business
What is the origin of Wall Street's sin? And, just as importantly, who or what is responsible?
Jim Wallis | Posted 06.15.2009 | Green
We cannot claim to care for the poor while we turn our backs on our role in the destruction of the most basic resources our neighbors need for survival.
Norman Horowitz | Posted 05.18.2009 | Politics
I am a "non sequitor" specialist. I do infer improper conclusions that do not logically follow the premise of whatever. That great American Rush Li...
HuffingtonPost.com | Arthur Delaney | Posted 05.16.2009 | Business
Goldman Sachs made big headlines with its surprisingly positive earnings report for the first quarter of 2009. The banking giant reported a net earnin...
Erica Gaston | Posted 04.13.2009 | World
For a true strategic rethink, we'll have to do more than dust up around the margins. More troops alone will not win back Afghans' trust.
Erica Gaston | Posted 04.05.2009 | World
While troops say they have an "open door" to Afghan civilians, Afghans find that door is barricaded by barbed wire and heavily armed, hostile men.
Washington Post | Tomoeh Murakami Tse | Posted 03.31.2009 | Chicago
Handsome pay packages for brokers totaling billions of dollars have turned the public spotlight on another corner of Wall Street compensation: retenti...
David Weiner | Posted 03.26.2009 | Politics
A Huffington Post commenter received an email from McDonald's (reprinted here) saying that the franchise owner is now offering to pay for all medical costs if Haskett loses his appeal.
Chris Weigant | Posted 01.22.2009 | Business
If we're going to minutely examine autoworkers' wages, and dictate the travel plans of one industry we are bailing out, then it seems eminently reasonable to do the same for the banking industry.
Robert Weissman | Posted 01.12.2009 | Business
Nancy Pelosi says the Congressional Republicans are playing Russian Roulette with the economy by refusing to agree to an auto industry bailout. But f...
Jim Wallis | Posted 01.11.2009 | Business
If we are honest with ourselves, we realize that the very mistakes the leadership of GM, Chrysler, and Ford have made are all too recognizable in ourselves -- even if there are drastic differences of scale.
Jim Wallis | Posted 12.17.2009 | Business