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Executive Compensation

Bank Compensation Cartels

The 14th Banker | Posted 05.25.2011 | Business
The 14th Banker

Banks are run by Compensation Cartels. They buy the myth of superhero financial status, despite the fact that they consistently destroy long term value at banks.

Rethinking the Assumptions Behind Executive Pay

Ron Ashkenas | Posted 05.25.2011 | Business
Ron Ashkenas

Cross-posted from Harvard Business Online The gap between CEO compensation and that of the average worker continues to grow at an astounding rate. Ac...

Overpaid

The 14th Banker | Posted 05.25.2011 | Business
The 14th Banker

All the mortgage originators that submitted bad loan apps, knowing all along that is what they were doing, did not start off as fraudsters. Senior management made fraudsters, even banksters, out of them.

Executive Compensation: A Critique

Alexander Dresner | Posted 05.25.2011 | Business
Alexander Dresner

In 1890, J.P. Morgan pulled in close to 20 times what his employees did annually. Today, CEOs earn more in three hours than minimum wage workers do in a year. This imbalance is both irresponsible and irrational.

CEO Pay: Average S&P 500 Chief Took Home $9.25 Million Last Year (CHART)

Posted 05.25.2011 | Business

One of the nation's largest unions is taking aim at CEO pay. Vowing to keep tabs on the country's largest companies, the AFL-CIO today launched ...

The Super-Rich CEO Scam - and How to Stop It

Johann Hari | Posted 05.25.2011 | Politics
Johann Hari

The same people who told us the market would deal efficiently with subprime mortgages and credit default swaps are throwing up their hands and saying that the market will deal efficiently with CEO pay. But it doesn't, and it won't.

British Airways CEO Turns Down Six-Figure Bonus AGAIN

AP | Posted 05.25.2011 | Business

LONDON — British Airways' chief executive Willie Walsh has turned down a six-figure bonus for the second year as the carrier struggles with loss...

Bank Bonuses Still Out Of Control

New York Times | Posted 05.25.2011 | Business

Federal regulators reviewing the compensation policies of major banks are finding that the industry has not adequately adjusted its pay practices to r...

Corporate Executive Pay Still Doesn't Follow Feinberg's Push To Limit Huge Cash Payouts

washingtonpost.com | Tomoeh Murakami Tse | Posted 05.25.2011 | Business

The Treasury Department said it is not looking to limit the total pay executives receive. Kenneth R. Feinberg, President Obama's special master for co...

Hedge Fund Managers' Pay Roared Back Last Year

New York Times | Posted 05.25.2011 | Business

The Lazarus-like recovery of the nation's big banks did not benefit just the bankers -- it also created huge paydays for hedge fund managers, includin...

Most Valuable CEOs In Finance: Jamie Dimon Tops Bloomberg Markets' Ranking

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

Shareholders who dish out millions to an elite CEO should of course expect a lot in return. The CEO who provided the best bang for the buck, according...

Dougan vs. Blankfein -- Compensation Smackdown!

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

Word comes from Credit Suisse that Brady Dougan, the Chief Executive of that fine fiduciary institution, earned $17.9 million in 2009, which is six times more than he made in 2008.

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 ...

Wall Street CEOs Getting Increased Perks, Benefits Despite Public Outrage

Washington Post | Tomoeh Murakami Tse | Posted 05.25.2011 | Business

Some of the nation's biggest financial firms have increased the perks and benefits they pay their chief executives, despite the glaring spotlight from...

Profit Alone Does Not A Good Executive Make

Bill Shireman | Posted 05.25.2011 | Politics
Bill Shireman

As Congress prepares to vote on financial reform, lawmakers are scrutinizing executive compensation. In fact, a portion of the Senate's legislation pr...

How Stock Options Became Toxic

Dr. Philip Neches | Posted 05.25.2011 | Business
Dr. Philip Neches

Today's stock options often draw the public's ire for encouraging short term thinking and extreme risk taking on Wall Street. But it wasn't always this way.

Charity CEO Pay Questioned: Senators Want Answers Over Nonprofit Leader's $1 Million Compensation

AP | STEPHEN OHLEMACHER | Posted 05.25.2011 | Impact

WASHINGTON — A group of Republican senators is questioning high salaries and expensive travel bills for executives at the Boys & Girls Clubs of ...

A Dangerous Pattern: Rewarding Failure

Ron Ashkenas | Posted 05.25.2011 | Politics
Ron Ashkenas

Cross-posted from Harvard Business Online Over the past few months there has been growing anger and frustration about outsized Wall Street bonuses aw...

Pity Bonus: Executives Who Miss Goals In Bad Economy Still Rewarded

CNNMoney.com | David Ellis | Posted 05.25.2011 | Business

Maybe you missed your earnings target last year or your stock was crushed. But if you're a corporate executive, that might not necessarily prohibit yo...

Goldman Sachs Sued By Union Fund For Overpaying Executives

Reuters | Posted 05.25.2011 | Business

The International Brotherhood of Electric Workers fund filed the lawsuit in Delaware Chancery Court, seeking to recover money for the company on behal...

Arianna On 'Real Time': The Middle Class Is Crumbling

Huff TV | Posted 05.25.2011 | Politics
Huff TV

Arianna weighed in on the state of the American middle class Friday during an appearance on "Real Time With Bill Maher." Andrew Ross Sorkin was also a...

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...

Michael Carpenter, GMAC CEO, Carpenter Gets Pay Package Rivaling That of Blankfein

BusinessWeek | Dakin Campbell | Posted 05.25.2011 | Business

March 2 (Bloomberg) -- GMAC Inc., the auto and home lender that hasn't cracked a profit since 2008, gave Chief Executive Officer Michael Carpenter a p...

Huge Compensation Packages Should Be Approved by Stockholders

Michael Blumenfield, M.D. | Posted 05.25.2011 | Business
Michael Blumenfield, M.D.

The owners of the company should have something to say before executives are given multimillion dollar compensations. You would think that this would be the case now.

Shell Shareholder 'Rebellion' Leads To New Limits On Executive Pay, Bonuses

AP | Posted 05.25.2011 | Business

AMSTERDAM — Royal Dutch Shell PLC said Tuesday it was freezing executive pay and revamping bonus policy in the wake of a shareholder rebellion a...