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Bill Gates said on Wednesday he believes Wall Street pay is "often too high" and that U.S. government ownership of American International Group Inc wo...
Les Leopold | Posted 11.12.2009 | Business
A column in the Business section was about how the American worker is overpaid. They claim that if workers don't take cuts, these "overpaid" working stiffs will be the cause of another Great Depression.
wsj.com | MARY PILON | Posted 11.10.2009 | Business
The long-term jobless rate hits its highest point on record. More than a third of those who are out of work have been looking for more than six months...
Dr. Orin Levine | Posted 11.11.2009 | Impact
If you're at a school where your parents and your parents' friends might be investment bankers, ask them this week if they have ever considered investing in the life of a child in the developing world.
bloomberg.com | Michael J. Moore and Ian Katz | Posted 11.10.2009 | Business
Nov. 9 (Bloomberg) -- Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis sin...
Andy Borowitz | Posted 11.09.2009 | Comedy
While Satan said he was "delighted" by the bonuses being paid out to Wall Street executives this year, he was clearly miffed that his role in the financial firms' successes had been largely ignored.
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...
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...
bloomberg.com | Susan Antilla | Posted 11.03.2009 | Business
Finance's version of Audrey II is thrashing about with threats that, crisis or not, they'd better get their extravagant pay and light-touch regulation...
Dealbreaker.com | Bess Levin | Posted 11.03.2009 | Business
British-based Barclays Capital may be a bellwether for Wall Street's bonus season. The bank is ratcheting up stock payments to its execs and axing the...
David Paul | Posted 11.03.2009 | Business
With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.
Bloomberg | Robert Schmidt and Ian Katz | Posted 10.29.2009 | Business
In Washington and on Main Street, politicians and voters are railing against Wall Street's multi- million-dollar pay packages. In the financial world,...
Diane Francis | Posted 10.27.2009 | Business
The world's concentrated financial sector has been grabbing more than its fair share of wealth. We desperately needs Glass-Steagall on steroids.
Rep. Edolphus Towns | Posted 10.28.2009 | Business
The American people have been eager to understand how the government failed to prevent bonus payments from going out the door -- payments that were paid out with their taxpayer dollars.
Robert Creamer | Posted 10.27.2009 | Politics
The CEO of the average company in the S&P Index makes $10.5 million. That means that on the first workday of the year, he (sometimes she) has made more than the minimum wage workers in his company will make all year.
Matthew Filipowicz | Posted 10.24.2009 | Business
In mere days, my city, Chicago will be overrun by the worst of the worst. The lowest of the low. Criminals who have affected more lives than any mug...
Jerome Halligan | Posted 10.23.2009 | Comedy
The Dow Jones Industrial Average soared above 10,000 again Tuesday, chiefly on the strength of a report that Wall Street executives can do "basically anything they f***ing want, whenever they f***ing want."
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.
Huffington Post | Marcus Baram | Posted 10.21.2009 | Business
It may be hard to believe but there was a time, almost 25 years ago, when Wall Street and Main Street weren't so far apart -- at least when it came to...
Jill Schlesinger | Posted 10.20.2009 | Business
How did some of these banks make so much money? You can thank the government. First and foremost, there was TARP funding.
Les Leopold | Posted 10.19.2009 | Business
Our politicians thrive on chastising the fictitious welfare queens who supposedly turn our hard-earned tax dollars into Cadillacs. But when it comes to Wall Street we let the welfare kings walk all over us.
Steven G. Brant | Posted 10.20.2009 | Politics
With all the interest in the damage Wall Street has done, activity that's the opposite should draw some attention. But coverage of the corporate social responsibility movement is not yet an idea whose time has come.
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Reuters | Michelle Nichols | Posted 11.12.2009 | Business