What Did Geithner Know and When Did He Know It?
Geithner got into this trouble because he saw Wall Street as his main constituency rather than the American people.
Geithner got into this trouble because he saw Wall Street as his main constituency rather than the American people.
Aaron Zelinsky | Posted 04.15.2009 | Business
Larry Summers claims that nothing can be done about the AIG bonuses. As a former Secretary of the Treasury, he should know better.
AP | ELLIOT SPAGAT | Posted 04.09.2009 | Business
The chief executive of semiconductor maker Texas Instruments Inc. received compensation valued at $9.6 million in 2008, down 6.6 percent from the prev...
Elizabeth Rigby | Posted 04.03.2009 | Politics
It seems like we are living in an alternate political reality divorced from what was previously known, understood, practical, and possible simply a year ago.
Laurie Rosenfield | Posted 03.30.2009 | Living
Though the compensation model has changed out of necessity, but my client's value in the marketplace has not.
HuffingtonPost.com | Sam Stein | Posted 03.18.2009 | Politics
The Obama administration acknowledged on Sunday that its top economic officials had expressed concerns to Congress that the sharp restrictions on exec...
Fortune's Stanley Bing | Posted 03.15.2009 | Business
I don't think anybody truly understands where the benefits of the stimulus will be felt most immediately, but if the thing creates even half the number of jobs that the president thinks, it will that will be a good thing.
Washington Post | Posted 03.15.2009 | Politics
Congressional efforts to impose stringent restrictions on executive compensation appeared to be evaporating yesterday as House and Senate negotiators ...
Cenk Uygur | Posted 03.13.2009 | Politics
When I hear our Treasury Secretary make a completely disingenuous point, it is impossible not to think that he isn't one of Wall Street's inside guys.
Nancy Lublin | Posted 03.09.2009 | Politics
Maybe we can learn from the not-for-profit sector. I believe companies who take funds from TARP should adopt the executive compensation policies of the charitable world.
Fortune's Stanley Bing | Posted 03.09.2009 | Business
The $500,000 limit on executive pay may seem like a lot of money to people, but in actuality, for a banker, you might as well be offering a salary of $1 per year.
AP | JIM KUHNHENN | Posted 03.06.2009 | Politics
WASHINGTON — The Obama administration is tackling the bailout of the battered financial sector on two tracks: overhauling how the government spe...
Penny Herscher | Posted 02.17.2009 | Business
In the first 9 months of 2008 the number of CEOs who left their jobs hit a record high. In tough times good boards are looking at whether they have the right CEO.
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...
Bob Franken | Posted 12.25.2008 | Business
We're gradually realizing that we're being had... that the captains of our economy are sinking it. We go down with it, while they escape in their exclusive lifeboats.
Peter Schwartz | Posted 12.20.2008 | Business
Serial entrepreneur Penny Hersher worries about a talent-retention challenge if Wall Street eschews bonuses this year. In response to a Bloomberg arti...
Harry Moroz | Posted 12.14.2008 | Business
This morning, Senator Chris Dodd warned that Congress might take a step that would send shivers down the spines of every CEO: federal caps on executive pay.
Sean-Paul Kelley | Posted 12.03.2008 | Business
The executives can get a huge bonus or salary or golden parachute, all they have done is not make it tax deductible if it is over $500,000.
Robert Weissman | Posted 11.14.2008 | Business
It is a remarkable time. On Friday, the Washington Post ran a front-page story titled, "The End of American Capitalism?" Today, the banner headline is...
Martin Varsavsky | Posted 11.11.2008 | Business
How does the US government explain that the salaries of the people who brought us all down deserve to be so much higher than their own?
Diane Tucker | Posted 11.02.2008 | Home
"Every job lost on Wall Street impacts two-to-three jobs on the outside. By comparison, every job lost at an auto plant impacts nearly 10 jobs on the outside... We don't want to know what happens if the domestic auto industry gets away from us."
Jeff Madrick | Posted 10.31.2008 | Business
Some may think these restrictions are just about getting even with the financial community. But this issue is not just about fairness. Compensation excess is at the heart of this crisis.
Paul Abrams | Posted 10.30.2008 | Business
The proposed bailout contains pathetically weak limitations on executive compensation. Once again, the country has been treated to a convenient capitulation to conventional wisdom, and lack of imagination.
Gerald McEntee | Posted 10.26.2008 | Business
Bush and McCain have turned a blind eye to those who are struggling to keep their homes. Back then they were talking about "market correction." Only now are they talking about government intervention.
Robert Weissman | Posted 10.26.2008 | Business
The Wall Street salary structure has helped set the standard for CEO pay across the economy, and helped establish a culture where executives consider outlandish pay packages the norm.
Cenk Uygur | Posted 04.18.2009 | Politics