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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: executive compensation

executive compensation stories: 150 news summaries

41 - 60 of 150 Stories | << Prev 1 2 3 4 5 6 7 8 Next >>

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 Michael Moore 
 Wants to 
 'Save Our 
 CEOs'

Teaser trailer is actually stunt for new movie

Jun 15, 09 8:24 AM CDT
(Newser) - Let the viral marketing begin. Michael Moore pulled a fast one on New York moviegoers Friday night when, instead of a conventional trailer for his new film, he appeared onscreen Will Rogers-style asking for donations to “save our CEOs,” the New York Daily News reports. Audience reactions were... More »

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entertainment • executive compensation • Michael Moore • documentary • bailout • Wall Street bailout • financial meltdown

White House Shifts Course
on Wall St. Pay

Salary caps will be dropped, but bonus restrictions remain

Jun 10, 09 6:18 AM CDT
(Newser) - The Obama administration has scrapped plans for salary caps at banks and other firms that receive government bailout money, reports the Wall Street Journal. But congressional limits on bonuses will remain in force, and the White House will still push for major changes to executive compensation. The double whammy of... More »

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executive compensation • bonuses • salary cap • bailout • Obama administration • Wall Street bailout • Timothy Geithner • TARP

US to Expand Executive Pay Supervision

Administration to announce new rules, add pay-oversight chief

Jun 8, 09 6:44 AM CDT
(Newser) - The Obama administration is set to announce new executive pay guidelines for banks and other corporations that have received bailout funds, the New York Times reports. Any company that’s taken two rounds of TARP cash—including Citigroup, Bank of America, AIG, GM and GMAC—will have to get pay... More »

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executive compensation • regulations • bank regulation • Obama administration • President Obama • Timothy Geithner • Kenneth Feinberg

 Citigroup Halts 
 Payouts to 
 Former Execs 

Promised severance packages curtailed to avoid public anger

Jun 2, 09 5:07 AM CDT
(Newser) - Citigroup has told several of its top former executives that it will not pay out millions in promised severance pay, reports the Wall Street Journal. The bank has already forked out more than half of the $100 million it had pledged to five or so senior employees, but it is... More »

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Citigroup • executive compensation • bank • Wall Street bailout • severance pay

(Newser) - The Obama administration intends to push for “very, very substantial change,” in the way Wall Street pays executives, Treasury Secretary Tim Geithner tells Bloomberg. “I don’t think we can go back to the way it was,” he said, arguing that the current big-bonus status quo... More »

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executive compensation • bonuses • financial sector • bank regulation • banking industry • Timothy Geithner • executive bonuses

Banks Use Worker Life Insurance to Pay Exec Bonuses

Dead employees
keep on giving

May 20, 09 4:31 AM CDT
(Newser) - Former employees of the big banks often end up handing the bosses a final reward when the workers die, the Wall Street Journal reports. The banks have taken out life insurance policies on hundreds of thousands of workers, and the tax-free death benefits are used to finance executive compensation and... More »

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executive compensation • insurance • bank • bonuses • life insurance • banking industry

Three Big Banks Apply to Repay TARP Funds

Goldman, JPMorgan, Morgan Stanley want out of pay restrictions

May 19, 09 7:59 AM CDT
(Newser) - Goldman Sachs, JPMorgan Chase, and Morgan Stanley have applied to repay a combined $45 billion of TARP funds, Bloomberg reports. The three banking giants must receive permission from the Fed before returning the money. The repayments would be the most substantial since Congress established the $700 billion program, and will... More »

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executive compensation • Goldman Sachs • Morgan Stanley • JPMorgan Chase • financial crisis • TARP

Chrysler Execs Dodge Bailout Pay Caps

As automaker cuts 3500, top employees will draw pay from Fiat

May 13, 09 5:52 AM CDT
(Newser) - Bankruptcy documents filed by Chrysler show that the chief executives of the bailed-out automaker will avoid executive pay restrictions—by declaring themselves employees of Fiat. Despite new Treasury rules that cap pay at $500,000 for execs whose firms received "extraordinary assistance," but Chrysler's top officers will be... More »

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Chrysler • executive compensation • auto industry • Fiat • recession depression

US Weighs Shaving Bankers' Pay

Planned rules may apply to banks that weren't bailed out

May 13, 09 5:17 AM CDT
(Newser) - The Obama administration has begun an ambitious project to overhaul compensation practices across the financial  sector, including at firms that received no bailout, reports the Wall Street Journal. The government may use the powers of the Fed or the SEC, as well as congressional legislation, to prevent banks from rewarding... More »

MORE ABOUT:
Barack Obama • executive compensation • Federal Reserve • SEC • bonuses • compensation • American Bankers Association • Timothy Geithner • Securities and Exchange Commission • executive bonuses • Jay-ZTV

(Newser) - The business world’s dependence on its own form of gambling—the “expectations,” or stock market—helped fuel the current financial crisis and the dot-com crash, writes Roger Martin in the Financial Times. “Neither would have happened if our business and capital markets theories had been as... More »

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NFL • executive compensation • shareholders • financial markets • stock options • financial crisis • Jay-ZTV

Sweeter Perks Make Up for Falling CEO Pay

Free bodyguards, life insurance, travel rise despite public outcry

May 1, 09 10:08 AM CDT
(Newser) - While average CEO compensation dropped 7% in 2008, packages of fringe benefits rose by the same amount, the AP reports. Higher-ups at big companies received perks that ranged from a personal car (complete with driver) to free life insurance to flights on the company jet. One CEO received $400,000... More »

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executive compensation • CEO • business • perks • XTO Energy • fringe benefits • household income

Let Us Pay Out Bonuses, Citi Begs Geithner

Execs worry employees will bolt as bank chafes under pay restrictions

Apr 29, 09 5:47 AM CDT
(Newser) - Citigroup is asking the Treasury for permission to pay special bonuses to many key employees it worries will leave the company—despite the fact that taxpayers will soon become the largest shareholder in the bank. Citi is chafing under Treasury restrictions on executive pay, particularly in its lucrative energy trading... More »

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Citigroup • executive compensation • Treasury Department • bonuses • Timothy Geithner • executive bonuses

Thain Accuses BofA of Lying About Bonuses

Fired Merill CEO tries to 'set the record straight' about $3.6B payout

Apr 27, 09 8:21 AM CDT
(Newser) - In his first lengthy interview since being pushed out as CEO of Merrill Lynch, John Thain tells the Wall Street Journal that Bank of America—which acquired Merrill in September—is lying about its involvement in the $3.6 billion in bonus payouts that made Thain the poster boy for... More »

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executive compensation • Bank of America • CEO • mergers and acquisitions • merger • Merrill Lynch • bonuses • John Thain • financial crisis • Ken Lewis

(Newser) - Main Street doesn’t hold a monopoly on victimhood, Gabriel Sherman writes in New York. From AIG execs and their disappearing bonuses to Wall Street bankers who get dirty looks, the once-privileged feel like they’re shouldering too much blame. “It is difficult to sympathize with these people,”... More »

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executive compensation • recession • financial services • investment bankers • tax policy • Obama administration • Wall Street bailout • economic downturn

(Newser) - More American CEOs than not received raises in 2008, Reuters reports. An AFL-CIO poll of 946 chief executives saw 480 with increased pay, while 463 took a cut. Salaries were up 7%, too; execs with raises earned an average of $5.4 million, while those who saw cuts took in... More »

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executive compensation • CEO • recession • corporations • AFL CIO • corporate governance

SEC Probes BofA for Being Mum on Merrill Bonuses

Bank may have illegally misled investors over pre-takeover Merrill payouts

Apr 14, 09 7:22 AM CDT
(Newser) - The SEC is looking into whether Bank of America violated federal law by failing to let investors know Merrill Lynch planned to pay its execs $3.62 billion in bonuses before it was taken over by BofA last year, the Financial Times reports. The regulator is reviewing the bank's disclosure... More »

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executive compensation • Bank of America • Dennis Kucinich • Merrill Lynch • SEC • bonuses • bailout • executive bonuses

Bailout Chief Drives a Hard Bargain

TARP CIO Lambright adept at 'high-speed game of chicken'

Apr 7, 09 9:11 AM CDT
(Newser) - James Lambright, the man who gets final say over where a lot of the federal bailout money goes, is known at the Treasury, and to an ever-widening circle of executives at America’s biggest companies, as a hard-nosed bargainer, the Wall Street Journal reports. Lambright's self-professed aim is “navigating... More »

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executive compensation • Henry Paulson • Troubled Asset Relief Program • TARP • James Lambright

(Newser) - The Obama administration has devised a maybe-legal method of avoiding Congress’ restrictions on companies that accept bailout funds, including limits on executive pay and a requirement that taxpayers get an ownership stake in the firms, the Washington Post reports. To sidestep the restrictions, the administration has created special entities... More »

MORE ABOUT:
Barack Obama • Congress • executive compensation • Treasury Department • bailout • Obama administration • Troubled Asset Relief Program • Wall Street bailout • Timothy Geithner • TARP

(Newser) - Fannie Mae and Freddie Mac expect to pay roughly $210 million in retention bonuses over the next 18 months, reports the Wall Street Journal. Some 7,600 employees are slated to get bonuses, in some cases totaling as much as $1.5 million, in a program that has drawn... More »

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executive compensation • Freddie Mac • Charles Grassley • Fannie Mae • bonuses • Barney Frank • Federal Housing Finance Agency • executive bonuses

CEO Pay Sinks for First Time
in 7 Years

As profits decline, so do bonuses, especially at financial firms

Apr 3, 09 8:52 AM CDT
(Newser) - CEOs took a pay cut in 2008—their first in seven years—as profits plunged and brought bonuses with them. The median compensation for the leaders of 200 big US companies fell 8.5% to $2.24 million, the Wall Street Journal reports. That includes both salaries, which rose... More »

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executive compensation • CEO • executive bonuses

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