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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...
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...
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...
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...
Washington Post | Steven Pearlstein | Posted 10.22.2009 | Business
With financial markets booming even as Main Street is still largely mired in recession, policymakers in Washington on Thursday were scrambling to cont...
AP | JEANNINE AVERSA | Posted 10.22.2009 | Business
WASHINGTON — The Federal Reserve would police banks' pay policies to ensure they don't encourage employees to take reckless gambles like those t...
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...
AP | Posted 10.18.2009 | Politics
WASHINGTON — Financial companies that were shored up by taxpayer money are now paying their employees big bucks in compensation and benefits. T...
AARON LUCCHETTI and STEPHEN GROCER | Posted 10.14.2009 | Business
Major U.S. banks and securities firms are on pace to pay their employees about $140 billion this year -- a record high that shows compensation is rebo...
wsj.com | By DEBORAH SOLOMON | Posted 10.06.2009 | 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...
bloomberg.com | Simon Kennedy and Gonzalo Vina | Posted 09.25.2009 | Business
World leaders are poised to crack down on banker pay and better coordinate economic policies as they seek to temper the excesses that helped trigger t...
nypost.com | Mark DeCambre | Posted 09.24.2009 | Business
Goldman's bonus pool is expected to swell to an estimated $16 billion after what's expected to be another stellar quarter, and Blankfein is struggling...
Wall Street Journal | DAMIAN PALETTA and JON HILSENRATH | Posted 09.18.2009 | Business
Policies that set the pay for tens of thousands of bank employees nationwide would require approval from the Federal Reserve as part of a far-reaching...
New York Times | Alex Berenson | Posted 11.11.2009 | Business
One year after the collapse of Lehman Brothers, the surprise is not how much has changed in the financial industry, but how little....
AP | DANIEL WAGNER | Posted 11.09.2009 | Business
WASHINGTON — After years spent raking in millions as a top executive of Goldman Sachs Group Inc., Lloyd Blankfein said Wednesday that outsized b...
Reuters | Steve Eder and Karey Wutkowski | Posted 09.24.2009 | Business
NEW YORK/WASHINGTON (Reuters) - Wall Street salaries have become everybody's business lately, but the Obama administration's pay czar may try to keep ...
The Daily Beast | Charlie Gasparino | Posted 09.21.2009 | Business
People inside Goldman tell me that some senior executives say they believe the onslaught of negative stories detailing Goldman's manifold ties to upp...
ft.com | Lucian Bebchuk | Posted 09.03.2009 | Business
A bill requiring federal regulators to draw up rules for compensation structures in the financial sector was passed by the US House of Representatives...
AP | ANNE FLAHERTY | Posted 08.31.2009 | Business
WASHINGTON — Bowing to populist anger, the House voted Friday to prohibit pay and bonus packages that encourage bankers and traders to take risk...
AP | Stephen Bernard, AP Business Writer | Posted 08.30.2009 | Business
NEW YORK (AP) -- Citigroup Inc., one of the biggest recipients of government bailout money, gave employees $5.33 billion in bonuses for 2008, New York...
Posted 08.28.2009 | Business
He owns a 1,000-year-old castle. He's could get a $100 million bonus this year. And, believe it or not, he works for a bank that's 33 percent owned by...
New York Post | Posted 08.27.2009 | Business
Six weeks into his tenure as President Obama's compensation czar, Kenneth Feinberg has his sights set on pay packages he thinks are too rich for compa...
Washington Post | Tomoeh Murakami Tse | Posted 08.22.2009 | Business
NEW YORK, July 22 -- Wall Street's biggest banks are setting aside billions of dollars more to pay their executives and other employees just months af...
The Wall Street Journal | AARON LUCCHETTI | Posted 08.01.2009 | Business
Financial markets are recovering and the jostling for talent is intensifying as securities firms once again are making money -- and they look set to s...
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Reuters | Michelle Nichols | Posted 11.12.2009 | Business