Executive Pay

Goldman Sach's Charity Filings Reveal Foundation's Complex Trades

New York Times | GERALDINE FABRIKANT | Posted 11.12.2009 | Business


The 2008 tax filing for the Goldman Sachs Foundation, a copy of which was provided by the firm late Wednesday, provides a glimpse of the legendary tra...

WSJ: AIG CEO Robert Benmosche Ready To Quit Over Pay Constraints

Huffington Post/AP | Posted 11.12.2009 | Business


NEW YORK — After just three months as head of battered insurer American International Group, Robert Benmosche has threatened to leave his post a...

Wall Street's Record Bonuses Return: Analysts Predict $30 Billion In Bonuses At Big 3

Bloomberg | Michael J. Moore and Ian Katz | Posted 11.09.2009 | Business


Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis since the Great Depressio...

Banks' 2008 Stock Options Turning Out To Be Most Lucrative Payouts Ever

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...

Frank Rich: White House Doesn't Seem To Understand Public's Wall Street Rage

New York Times | FRANK RICH | Posted 11.07.2009 | Politics


The Obama administration does not seem to understand that this rage, left unaddressed, could consume it. It has pushed aside the entreaties of many --...

Goldman Sachs CEO Lloyd Blankfein: "I'm Doing God's Work."

Times Online | John Arlidge | Posted 11.07.2009 | Business


Goldman's reputation is suddenly as toxic as the credit default swaps and other inexplicably exotic financial instruments it used to buy with glee. Th...

John Varley Defends Bonuses: Profits Are "Not Satanic" Barclays CEO Tells London Church Crowd

Posted 11.04.2009 | Business


The CEO of Britian's second-largest bank became the second of that nation's banking figures to make the case for profits in the house of god, defendin...

Robert Shiller: Address Income Gap, Tie It To Tax Rate (Video)

The Huffington Post | Posted 11.02.2009 | Business


The US might be in the midst of a second housing and financial bubble, according to economist and Yale Professor Robert Shiller. Shiller and Financial...

Private College Salaries Of More Than $1 Million Paid To 23 Presidents

AP | JUSTIN POPE | Posted 11.02.2009 | Home


The fast-growing group of millionaire private college and university presidents hit a new record in recent years, and it's likely more college leaders...

Supreme Court To Hear Case About Excessive Pay; Parallels Seen In Executive Compensation

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,...

While Larry Summers Dreams, You Can Act

Robert Lenzner | Posted 10.31.2009 | Business


Robert Lenzner

What can an investor do? For advice, I sat down with Marc Harris of RBC, one of the few large banks that maneuvered a clear course through the economic turmoil.

Pay Czar Ken Feinberg Raised Base Pay At Bailed Out Firms

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...

Barack Obama Is Doing My Job; Why America Needs Him to Do His

Arianna Huffington | Posted 10.28.2009 | Business


Arianna Huffington

When it comes to dealing with Wall Street, President Obama seems to have traded in his position as our economy's commander-in-chief for a different role: pundit-in-chief.

"Too Big To Fail" Legislation Is On The Way

New York Times | STEPHEN LABATON | Posted 10.26.2009 | Politics


A senior administration official said on Sunday that after extensive consultations with Treasury Department officials, Representative Barney Frank, th...

Left, Right & Center: CEO Pay, Public Option, Obama vs. Fox, Saving Journalism

Huff Radio | Posted 10.24.2009 | Politics


Huff Radio

The public option is sneaking its way back onto the table; the administration takes a hardcore stance regarding Fox News; and Len Downie of the Washington Post proposes public funding for journalism.

Friday Talking Points [99] -- Misdirection

Chris Weigant | Posted 10.26.2009 | Politics


Chris Weigant

The real head-scratcher for serious media-watchers right now is what the "war" between the White House and Fox News was meant to distract us from this week. The "war" itself is laughable, for a number of reasons.

AIG Executives Kept Bonuses They Promised To Return, Feinberg Says

Bloomberg.com | Hugh Son | Posted 10.23.2009 | Business


Four of five managers in AIG's Financial Products unit that are under the jurisdiction of pay master Kenneth Feinberg didn't make good on pledges to r...

The $200,000 Insult: Come to Chicago

Dean Baker | Posted 10.23.2009 | Business


Dean Baker

Wall Street badly needs fixing. Fortunately we have the tool to do the job. It's called a financial transactions tax (FTT) - a modest tax on trades of stock, futures, options and other financial instruments.

Excessive Compensation: Your Tax Dollars at Work

Aaron Zelinsky | Posted 10.22.2009 | Business


Aaron Zelinsky

The Obama Administration recently announced pay limits for bailed-out CEOs. But unless the IRS changes its policies, taxpayers will continue to subsidize unreasonable compensation paid by publicly held corporations.

Taming Corporate Pay, Finally

Mark Green | Posted 10.22.2009 | Politics


Mark Green

Is the reported, imminent slapdown by "pay czar' Ken Feinberg of the pay packages at seven bailed out firms the breakthrough critics have been waiting for?

Administration Plans Big Pay Cuts At Bailout Firms

AP | MARTIN CRUTSINGER | Posted 10.22.2009 | Politics


WASHINGTON — The Obama administration will order companies that received huge government bailouts last year to slash the base salaries of their ...

Arianna Discusses Afghan War And Huge Wall Street Profits On CNN

Huff TV | Posted 10.20.2009 | Media


Huff TV

Arianna appeared on CNN's The Situation Room Monday, along with Gloria Borger, Joe Johns and Ben Stein. She discussed the Afghan War, huge Wall Street...

Czar Blocks Bank Of America Chief's Pay

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...

Who Really Will Pay for Goldman Sachs' $23 Billion in New Bonuses

Rob Shapiro | Posted 10.15.2009 | Business


Rob Shapiro

We didn't need this latest and most conspicuous instance of greed at Goldman to know that the compensation provided to the uppermost echelons of American business is out of control.

Goldman Sachs Bonuses: Columnist Says Analysts Predict $23 Billion Bonus Pool, Firm May Make Huge Donation

New York Times | ANDREW ROSS SORKIN | Posted 10.13.2009 | Business


By most analyst estimates, the annual bonus pool will swell to more than $23 billion. In its second quarter, Goldman disclosed it had put aside $11.4 ...