Skip to: Content
Skip to: Site Navigation
Skip to: Search
SATURDAY, NOVEMBER 7, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: bonuses

bonuses stories: 119 news summaries

1 - 20 of 119 Stories | 1 2 3 4 5 6 Next >>

Switch to grid view »

Wall Street Bonuses to Jump 40%

Expect political storm
as recovery juices incentive pay

Nov 5, 09 7:54 AM CST
(Newser) - The good times are back for much of Wall Street, with overall incentive pay set to jump 40% according to one key survey being released today. In businesses rebounding especially well, like fixed income and equities, the boost will likely be around 60%. That won’t quite bring them back... More »

MORE ABOUT:
Wall Street • executive compensation • bonuses • executive bonuses

 Pay Czar Cuts 
 Bonuses, But 
 Boosts Salaries 

Feinberg beefs up base base to help firms retain talent

Oct 28, 09 1:24 AM CDT
(Newser) - Base pay will increase for the majority of top execs in the finance and auto firms supervised by federal pay czar Kenneth Feinberg. Salaries are being bumped up—by hundreds of thousands of dollars in some cases—as bonuses and other perks are slashed. Despite the salary hikes, all 136... More »

MORE ABOUT:
Chrysler • Citigroup • executive compensation • Bank of America • General Motors • AIG • bonuses • executive bonuses • Kenneth Feinberg • pay czar

AIG Chief: Pay Czar's Authority 'Limited'

He tells employees they won't lose
salaries retroactively

Oct 22, 09 2:00 PM CDT
(Newser) - Ken Feinberg won’t take your money, AIG’s chief executive told his employees yesterday. Hours after reports broke that the pay czar would be targeting the troubled insurance firm with salary caps, CEO Robert Benmosche sent a memo reassuring employees that “the Special Master's jurisdiction is quite limited,... More »

MORE ABOUT:
insurance • AIG • bonuses • Kenneth Feinberg • pay czar

Goldman Exec: Pay Inequality Is Good for All

Soaring Wall Street bonuses should be tolerated for economy's sake

Oct 21, 09 6:00 AM CDT
(Newser) - Believe it or not, lavish Goldman Sachs bonuses are good news for everybody, a company official told a discussion panel yesterday. The out-of-whack pay inequality will give the economy a kick in the pants, insisted the vice chairman of Goldman Sachs International. "We have to tolerate the inequality to... More »

MORE ABOUT:
executive compensation • Goldman Sachs • bank • bonuses • financial sector • executive bonuses

Once-Reserved Goldman Turns on the Charm

Ahead of record result, normally reticent bank puts on a smile

Oct 15, 09 3:35 AM CDT
(Newser) - Today's the day: Goldman Sachs is set to announce record profits in the third quarter, projected at $2.17 billion, and with it a compensation pool larger than Wall Street has ever seen. But the golden bank knows a PR disaster when it sees one—and has been mounting a... More »

MORE ABOUT:
Wall Street • executive compensation • Goldman Sachs • bonuses • third quarter earnings • Lloyd Blankfein • quarterly profits • executive bonuses

Pay Czar Going After
AIG Bonuses—Again

But legal hurdles loom for pre-bailout deals

Oct 14, 09 8:59 AM CDT
(Newser) - Pay czar Kenneth Feinberg is making another run at AIG’s bonus payouts—or trying to, with the help of a little arm twisting. Feinberg doesn’t have authority over the$198 million in bonuses promised to employees at the infamous trading unit because the contracts were created before the bailout.... More »

MORE ABOUT:
AIG • Treasury Department • bonuses • TARP • executive bonuses • Kenneth Feinberg • financial products • pay czar

OPINION

Stop Whining, Let Goldman Have Bonuses

$23B is galling, but
at least the bank is sensible: Sorkin

Oct 13, 09 5:45 AM CDT
(Newser) - On Thursday Goldman Sachs is set to announce its third-quarter results, but the talk of Wall Street is the size of this year's bonus pool—predicted to be more than $23 billion. That's the largest figure in the company's history and twice as much as it paid out in 2008,... More »

MORE ABOUT:
executive compensation • Goldman Sachs • bonuses • financial crisis • Wall Street bailout • Andrew Ross Sorkin • clawback • executive bonuses

OPINION

Fed Shows Backbone, but
Obama Cowers Before Banks

Reining in pay is good politics, good economics: Krugman

Sep 21, 09 8:48 AM CDT
(Newser) - Just as the recession wanes and the financial system shows signs of the health, banks are returning to their worst habits, says Paul Krugman. Not only are paychecks soaring to pre-Lehman levels, but the financial sector is using its muscle to block "even the most minimal reforms." While... More »

MORE ABOUT:
Barack Obama • executive compensation • Federal Reserve • bonuses • bankers • Obama administration • financial crisis • executive bonuses

 Feds Probe 
 BofA-Merrill Deal 

FBI, Justice Department investigate timing of bonus payments: source

Sep 18, 09 3:55 PM CDT
(Newser) - Bank of America's acquisition of Merrill Lynch is the focus of an ongoing investigation by the FBI and Justice Department, sources tell the Charlotte Observer, the bank's hometown paper. The SEC and the AGs of New York and North Carolina have already launched civil probes of the timing of huge... More »

MORE ABOUT:
Department of Justice • FBI • Bank of America • mergers and acquisitions • Merrill Lynch • SEC • bonuses • New York Attorney General • New York attorney general • Securities and Exchange Commission • executive bonuses • North Carolina attorney general

Merrill's Thain Rues Picking Pricey Office Decor Over Ikea

Former Merrill Lynch CEO denies accelerating bonuses

Sep 18, 09 12:21 PM CDT
(Newser) - Merrill Lynch's former CEO issued an apology of sorts for spending $1.2 million—including $35,000 for a commode—to redecorate his office as the firm bottomed out, Bloomberg reports. “We decorated it in the style that Merrill Lynch offices were, which was very, very nice,” John... More »

MORE ABOUT:
Bank of America • merger • Merrill Lynch • Ikea • bonuses • John Thain • furniture • financial crisis • Ken Lewis

 Fed Plans 
 to Oversee 
 Bankers' Pay 

Sweeping new rules will let central bank reject risky compensation plans

Sep 18, 09 5:48 AM CDT
(Newser) - A wide-ranging plan by the Federal Reserve to limit executive pay would allow government regulators to probe private financial institution's pay practices—and let the Fed block any policy it thinks may encourage undue risk. The plan is still being formulated and won't be finished for weeks, but it requires... More »

MORE ABOUT:
Wall Street • executive compensation • Federal Reserve • bonuses • compensation • risky trading • clawback • executive bonuses

Court Overturns Merrill-BofA Settlement With SEC

Bank's $33M fine doesn't do 'justice' to shareholders, public: judge

Sep 14, 09 2:47 PM CDT
(Newser) - A federal judge today scrapped the $33 million settlement Bank of America and the SEC agreed on as punishment for the bank's not informing shareholders of bonuses paid to Merrill Lynch executives just before the bank bought Merrill, the New York Times reports. Saying BofA "materially lied, " Jed... More »

MORE ABOUT:
Bank of America • Merrill Lynch • SEC • bonuses • settlement • hearings • regulator • Securities and Exchange Commission • Jed Rakoff

Goldman CEO: Populist Rage 'Appropriate'...

... For money-losing banks, not Blankfein's, which hiked pay 33%

Sep 10, 09 1:53 AM CDT
(Newser) - The CEO of Goldman Sachs joined the debate over executive compensation yesterday, telling a conference in Frankfurt that public anger was "understandable and appropriate" for money-losing institutions who hand out fat bonuses. But, notes the Wall Street Journal, Lloyd Blankfein stopped short of criticizing his own firm, and... More »

MORE ABOUT:
executive compensation • Goldman Sachs • bonuses • Lloyd Blankfein • investment banks • executive bonuses

(Newser) - The judge who has refused to sign off on Bank of America's settlement with the SEC over $3.6 billion in bonuses paid to Merrill Lynch delivered a stinging rebuke to both parties in a hearing yesterday, the New York Times reports. The firms "effectively lied to their shareholders"... More »

MORE ABOUT:
executive compensation • Bank of America • federal courts • Merrill Lynch • SEC • bonuses • John Thain • executive bonuses • Jed Rakoff

(Newser) - The big banks should rein in the "eye-popping" salaries they pay top execs and shift to a more principles-based rewards system, FDIC chief Sheila Bair tells Bloomberg. Bair, along with House Democrats and New York's attorney general, says if the banks don't change their ways, regulators should set... More »

MORE ABOUT:
executive compensation • Andrew Cuomo • bonuses • FDIC • risky trading • Sheila Bair

Judge Balks at BofA Bonus Settlement

$33M deal with SEC raises questions of fairness; hearing set

Aug 6, 09 5:00 AM CDT
(Newser) - Bank of America won't be able to quietly settle the flap over bonuses for Merrill Lynch execs with a simple $33 million payout to the SEC, a federal judge ruled yesterday. Judge Jed Rakoff refused to sign off on the settlement, saying that doing so would leave the public in... More »

MORE ABOUT:
Bank of America • federal courts • Merrill Lynch • SEC • bonuses • federal judges • Wall Street bailout • TARP • executive bonuses • Jed Rakoff

BofA Settles SEC Suit Over Merrill Bonuses for $33M

Commission says bank misled investors over Merrill payout

Aug 3, 09 1:13 PM CDT
(Newser) - Bank of America will pay $33 million to settle a federal lawsuit, filed today, which says the bank misled its investors, Reuters reports. During its takeover of Merrill Lynch, the lawsuit charges, Bank of America told investors Merrill wouldn’t pay bonuses without BoA’s permission before the deal closed.... More »

MORE ABOUT:
Bank of America • investors • Merrill Lynch • SEC • lawsuit • bonuses • defrauding investors • Securities and Exchange Commission

TARP-Funded Banks Kept Awarding Bonuses

Firms paid more than they made: Cuomo

Jul 30, 09 12:52 PM CDT
(Newser) - The financial crisis and government bailouts did little to change Wall Street’s executive compensation habits, New York's attorney general says. All nine banks given assistance by TARP paid out bonuses in 2008—well before any paid back government loans, according to a survey ordered by Andrew Cuomo. Goldman Sachs,... More »

MORE ABOUT:
Citigroup • executive compensation • Bank of America • Goldman Sachs • Merrill Lynch • Andrew Cuomo • bonuses • bailout • Troubled Asset Relief Program • Wall Street bailout • TARP

(Newser) - Two of the least favorite words in the Wall Street lexicon are back in the news: AIG bonuses. The company is requesting the government's permission to dole out millions more to dozens of top executives, the Washington Post reports. Technically, AIG doesn't need the federal approval, but it's still gunshy... More »

MORE ABOUT:
AIG • bonuses • Wall Street bailout • executive bonuses • Kenneth Feinberg

Wall Street Pay Packages Roar Back, Led by Goldman

Goldman set to pay $700K per employee at current levels

Jul 2, 09 5:32 AM CDT
(Newser) - It didn't take long: After a year of public apologies and vows to change, big pay packages are back on Wall Street. Goldman Sachs is set to pay about $700,000 per employee in 2009 based on current figures, nearly double last year's figure and even higher than before the... More »

MORE ABOUT:
executive compensation • Goldman Sachs • junk bonds • bonuses • mortgage backed securities • trader • salaries

1 - 20 of 119 Stories | 1 2 3 4 5 6 Next >>


from our news partners