NEW YORK (AP) -- American International Group Inc. on Tuesday said it will go ahead with a previously announced pay package for its new CEO Robert Ben...
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...
AP | STEPHEN BERNARD | Posted 11.18.2009 | Business
NEW YORK — Citigroup Inc. said its chief financial officer and co-head of global markets are getting raises, while CEO Vikram Pandit will contin...
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...
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...
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...
bloomberg.com | Ian Katz | Posted 11.06.2009 | Business
Corporate governance and compensation experts say new rules will mostly help eliminate plans like those that tied bonuses to the number of subprime mo...
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...
Don McNay | Posted 10.27.2009 | Business
If anyone has ever dreamed of being an office holder, 2010 is the year to do it. There are going to be several situations where voters elect a complete unknown, just to express their anger about the incumbent.
HuffingtonPost.com | Jason Linkins | Posted 10.25.2009 | Business
Kenneth Feinberg is the White House Special Master for Executive Compensation, and he is tasked with placing restrictions on the pay showered upon the...
Slate Magazine | Daniel Gross | Posted 10.23.2009 | Business
This year, compensation will again eat up something close to a majority of Wall Street's revenues. And while Goldman and Morgan Stanley have paid back...
Stuart Whatley | Posted 10.24.2009 | Business
Yes, a quick round of applause for Feinberg for cutting our financial wards' CEO pay. But hold off on the standing ovation; the Obama era does not need a "Mission Accomplished" moment.
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...
Dean Baker | Posted 10.23.2009 | Business
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.
Fortune's Stanley Bing | Posted 10.22.2009 | Business
Thousands were involved, of course, but these 175 must stand in the forefront of their cadre, trembling, as their golden parachutes are folded up, their ceremonial swords broken over the knee of the government.
Jill Schlesinger | Posted 10.22.2009 | Business
Feinberg is not cutting total compensation, he's changing the composition of pay packages -- less cash, more stock with longer vesting periods. In other words, the top guys will have more skin in the game.
Allison Kilkenny | Posted 10.22.2009 | Politics
The Times shows its agenda when it refers to the not-yet-existing AIG bonuses slashes as "the humbling downfall of the once-proud giants" while all those pesky citizens won't stop with the "populist animosity."
Washington Post | Tomoeh Murakami Tse | Posted 10.20.2009 | Business
Even as the nation's biggest financial firms were struggling and the federal government was spending hundreds of billions of dollars to save many of t...
Robert Creamer | Posted 10.16.2009 | Politics
If world-class, reckless risk-taking continues to receive massive economic rewards, then we are headed to another financial collapse in two years -- or five years; or fifteen years.
Posted 10.14.2009 | Business
AIG paid retention bonuses totaling more than $168 million to a wide array of employees in its financial products unit, including an assistant in a ki...
AP | Posted 10.13.2009 | Business
WASHINGTON - The Obama administration's pay czar has asked American International Group to withhold some of the millions in bonuses promised to its em...
ft.com | Francesco Guerrera in New York and Tom Braithwaite in Washington | Posted 10.12.2009 | Business
The Obama administration's pay tsar has indicated he will take a tough stance on executive pay at AIG, the state-controlled insurance group that spark...
Yahoo! News | Steve Eder and Karey Wutkowski | Posted 10.09.2009 | Business
NEW YORK/WASHINGTON (Reuters) -- The U.S. government's "pay czar" played a critical role in Citigroup's(C.N) decision to sell off its lucrative commod...
latimes.com | Joe Markman | Posted 10.06.2009 | Politics
In Senate testimony, constitutional experts say the president has the right to appoint independent advisers as long as the distinction between practic...
Posted 11.25.2009 | Business