John Mack, Morgan Stanley CEO, To Forgo A Bonus For Third Straight Year
NEW YORK — Morgan Stanley's outgoing CEO John Mack has declined a bonus for the third year in a row. In a memo sent to the investment bank's em...
NEW YORK — Morgan Stanley's outgoing CEO John Mack has declined a bonus for the third year in a row. In a memo sent to the investment bank's em...
Jerry Chautin | Posted 12.18.2009 | Business
Headlines shout about overly generous executive compensation packages. Some say it is disgusting, obnoxious and egregious.
Financial Times | Justin Baer, Francesco Guerrera and Tom Braithwaite | Posted 12.04.2009 | Business
Top Goldman Sachs executives are this year likely to receive their annual bonus in stock rather than cash as part of a wider pay review that could aff...
AP | STEVENSON JACOBS and VINNEE TONG | Posted 10.16.2009 | Business
NEW YORK — Capping a year in which he faced shareholder fury, regulatory scrutiny and was stripped of his chairman post, outgoing Bank of America Co...
Arianna Huffington | Posted 05.21.2009 | Business
With my younger daughter away, I was looking forward to a quiet night in, curled up in bed with a few dozen pieces on the financial crisis I'd cut out from newspapers and magazines. But instead of reading a few and nodding off, I ended up staying up most of the night, getting more and more outraged with each article I read. These days, the business section is not for the faint of heart. READ MORE The Torture Moment The way we respond to the revelations about the Bush administration's use of torture will define the kind of country we are. It is a test of our courage and our convictions. So far, the media are not getting high marks. They can't seem to shake their addiction to looking at every issue through the archaic prism of right vs. left. READ MORE
Sarah Walker | Posted 04.19.2009 | Comedy
It's time. I'm not going to make this harder than it already is, so here it goes: I am a recipient of one of the AIG executive bonuses.
Steve Clemons | Posted 04.16.2009 | Politics
While many are criticizing the gross AIG taxpayer-funded bonuses of senior executives, the truth is that this kind of corruption is relatively small time -- even at $165 million -- and was predictable.
Amitai Etzioni | Posted 04.16.2009 | Business
Public morality falls to a new low-level when outrageous acts are revealed but rather than being soon corrected -- they are excused.
Mitchell Bard | Posted 01.24.2009 | Politics
Now that you can give crap to people without actually having to give them anything in reality, here is my virtual gift list for this holiday season.
AP | Michael J. Moore and Christine Harper | Posted 12.18.2009 | Business