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Pay Czar

'Pay Czar's' Rules Had Few Lasting Effects, Watchdog Says

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — The government's restrictions on pay at bailed-out banks had little lasting impact because officials soft-pedaled some issues and d...

America's Anger at the Great Financial Bailout and the Press' Continuing Inability To Understand Why

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

What galls most Americans is the manner in which Wall Street rewarded itself after it was the public that took the risk of bailing them out.

The President's Misdirected Class Warfare

Raymond J. Learsy | Posted 05.25.2011 | Politics
Raymond J. Learsy

It is not whether families earning $250,000 are paying more or less taxes that is of visceral concern. The public still feels they have been held up and the Wall Street perpetrators are laughing all the way to bank.

Feinberg: BP Is Stalling Payments To Victims

CNBC | Reuters | Posted 05.25.2011 | Business

British energy giant BP is holding up payments to economic victims of the Gulf of Mexico oil spill, Kenneth Feinberg, administrator of a $20 billion c...

The Administration's "Pay Czar" Soft Pedaling Bank Bonuses as "Ill Advised." What Is This Man Talking About?"

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Feinberg is permitting the $1.6 billion he identified as "ill advised" payments to sit cozily in bankers bank accounts, monies that could well be deemed taxpayer gratuities, and with Feinberg counting, one could well imagine the sums are far greater.

White House Pay Czar Expected To Blast 17 Banks For 'Ill-Advised' Payments To Execs

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Kenneth Feinberg, the Obama administration's "pay czar," is set to slam the leadership of 17 bailed-out banks and other financial institutions that pr...

Pay Czar To Banks: Give Back Your 2008 Bonuses

foxbusiness.com | Posted 05.25.2011 | Business

Pay czar Ken Feinberg is getting ready to stick it to Wall Street again, preparing to demand, or "claw back", bonus money that some banks paid out dur...

Pay Czar Cuts Salaries For 65 Bailout Executives

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The Treasury Department said Friday that five big companies still living on federal bailout money will see cash salaries for some of th...

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 ...

Pay Czar: Top 25 Earners At 5 bailed-out firms

AP | MARTIN CRUTSINGER and DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — The top earners at five big companies still living on federal bailout money will take a 15 percent pay cut this year, the Obama adm...

Pay Czar's Pay Limits Didn't Drive Most Execs Away

nytimes.com | ERIC DASH | Posted 05.25.2011 | Business

For months, Wall Street banks and the troubled automakers feverishly protested that their top executives would flee if they were not lavishly rewarded...

Pay Czar Kenneth Feinberg To Review Executive Pay At Bailed-Out Firms

AP | STEVENSON JACOBS and DANIEL WAGNER | Posted 05.25.2011 | Business

NEW YORK — The Obama administration's pay czar is launching a review of compensation for 25 top executives at all financial firms that received ...

AIG Bonuses: Insurer To Withold $21 Million

Bloomberg | Hugh Son | Posted 05.25.2011 | Business

March 12 (Bloomberg) -- American International Group Inc.'s effort to reach its commitment of $45 million in bonus concessions are focusing on former ...

GMAC: Pay Czar Limits Executive Pay At Struggling Lender

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — The Obama administration's pay czar is limiting 2010 compensation for top executives at GMAC Inc. because the auto finance giant co...

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...

Citigroup CEO Pandit Paid Just $128K In 2009

AP | STEVENSON JACOBS | Posted 05.25.2011 | Business

NEW YORK — Citigroup Inc. CEO Vikram Pandit received $128,751 in compensation for 2009 as the bank suffered huge losses on risky investments and...

Pay Czar: Kenneth Feinberg You're worth less than you think

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

In an interview with Kenneth Feinberg, the Obama administration's pay czar, The Hill leads with one highly intriguing anecdote. A Wall Street execut...

Kenneth Feinberg, Obama's Pay Czar, Blasts Goldman Sachs CEO's $9M Payday (WATCH)

Posted 05.25.2011 | Business

Obama's pay czar isn't happy with the $9 million payday that Goldman Sachs is set to give its CEO, Lloyd Blankfein. In an interview with Bloomberg...

AIG Bonuses: Geithner Says Bank Fee Could Recover 'Outrageous' Payments

Posted 05.25.2011 | Business

After AIG announced its plans to pay $100 million in expedited bonuses this year, Treasury Secretary Tim Geithner criticized the payouts as "outrageo...

AIG Bonuses: Pay Czar Calls AIG Bonuses 'Outrageous' But Legal

AP | STEVENSON JACOBS | Posted 05.25.2011 | Business

NEW YORK — Bonus payments totaling $100 million to AIG employees from the same unit that prompted a massive taxpayer bailout are "outrageous" bu...

AIG Bonuses In 2010 Total $100 Million

AP | Posted 05.25.2011 | Business

NEW YORK — American International Group Inc. is set to pay out about $100 million in a fresh round of bonuses to employees of its financial prod...

AIG Bonus Cuts

wsj.com | SERENA NG | Posted 05.25.2011 | Business

Most employees currently at the financial-products unit of American International Group Inc. have indicated they will accept cuts in a batch of March ...

Pay Czar Kenneth Feinberg Plans To Cut Salaries, Increase Stock Compensation

wsj.com | By DEBORAH SOLOMON | Posted 05.25.2011 | Business

WASHINGTON -- The Obama administration's pay czar is planning to clamp down on compensation at firms receiving large sums of government aid by cutting...

Wall Street Makes Merry With Other People's Money

Dan Collins | Posted 05.25.2011 | New York
Dan Collins

There's a good deal of jolliness on Wall Street this holiday season, thanks to the billions of dollars in bonuses that will be stuffed into the stockings of your favorite bankers. It's safe to assume the final tally will be very big.

Bank Of America CEO Search: Why No One Wants The Job

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | 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...