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TUESDAY, NOVEMBER 24, 2009
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NEWS ABOUT: executive compensation

executive compensation stories: 150 news summaries

61 - 80 of 150 Stories | << Prev 1 2 3 4 5 6 7 8 Next >>

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(Newser) - If Rick Wagoner is upset about being forced out of his job as GM’s CEO, his $20 million retirement package should provide some consolation, ABC News reports. Though Treasury rules prevent Wagoner from collecting severance pay, the ousted exec is still eligible for an “Executive Retirement Plan” and... More »

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executive compensation • General Motors • retirement • Rick Wagoner • golden parachutes • auto bailout

OPINION

AIG Employee Tells Liddy:
You Betrayed Us

VP's resignation letter rips cowardly CEO, grandstanding pols

Mar 25, 09 9:27 AM CDT
(Newser) - Though he says he’s blameless for the mess that brought down AIG, and worked 14-hour days at $1 a year to help dismantle the insurer, executive Jake DeSantis feels “betrayed” by CEO Edward Liddy—and lets him know in a resignation letter published by the New York Times.... More »

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executive compensation • AIG • bonuses • American International Group • Edward Liddy • financial crisis • grandstanding • Jake DeSantis

Hedge Fund Managers Profit in Bear Market

Top 25 took home
total of $11.6 billion
in pay last year

Mar 25, 09 7:06 AM CDT
(Newser) - Hedge funds lost an average of 18% last year, but as markets fell to earth, the top 25 hedge fund managers each earned more than $75 million in pay, reports the New York Times. The most successful, James Simons of Renaissance Technologies, pulled in $2.5 billion, while George Soros... More »

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Wall Street • executive compensation • bonuses • regulation • hedge funds • financial crisis • Timothy Geithner

AIG Bonus Tax Is Stalled, Likely to Die in Senate

Lawmakers likely to let special tax die, with the nod from Obama

Mar 24, 09 7:33 AM CDT
(Newser) - With populist outrage cooling and the White House even cooler, the 90% AIG bonus tax that sailed through the House last week is stalled in the Senate, where it's likely to die, reports Bloomberg. Majority Leader Harry Reid said yesterday this week will be devoted to debating national service and... More »

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Congress • taxes • executive compensation • Senate • Harry Reid • Jon Kyl • House of Representatives • AIG • bonuses • Kent Conrad • President Obama

ANALYSIS

Geithner Swinging in Wind After Fed Drops AIG Ball

Treasury says Fed kept them in dark, despite sec's previous role

Mar 19, 09 8:35 AM CDT
(Newser) - Officials at the Fed knew about AIG's plan to award $165 million in bonuses for months but failed to tell the Obama administration, reports the Washington Post. Treasury Secretary Tim Geithner said this week he was "stunned when I learned how bad this was"—belatedly on March 10—... More »

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Barack Obama • executive compensation • Federal Reserve • AIG • Federal Reserve Bank of New York • Timothy Geithner • Paul Kanjorski

 House Votes Today 
 on Bonus Clawback 



Bill being rushed through would slap 90% tax on bonuses at bailed-out firms
 

Mar 19, 09 3:51 AM CDT
(Newser) - The House will vote today on a hastily crafted bill to claw back bonuses from executives at AIG and other bailed-out firms, reports the Hill. The bill, drawn up by Democratic tax experts, slaps a 90% tax on bonuses over $250,000 at firms that received $5 billion or more... More »

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Congress • executive compensation • House of Representatives • AIG • bonuses • bailout • Wall Street bailout

(Newser) - All the hubbub around AIG and its bonuses is “a complete farce,” Larry Kudlow writes in the National Review. No one should be surprised that those in charge have “completely bungled” the situation. “The government shouldn’t run anything, because it cannot run anything,” Kudlow... More »

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executive compensation • AIG • credit crisis • bonuses • Obama administration • Wall Street bailout • President Obama • Timothy Geithner • TARP • Larry Kudlow

 AIG Bonuses By the Numbers 

NY AG releases breakdown of bonus figures; plans to press AIG for names

Mar 18, 09 8:37 AM CDT
(Newser) - AIG's $165 million in bonuses went 418 different ways, according to one angry attorney general. Other figures released by New York Attorney General Andrew Cuomo, who subpoenaed the firm on Monday:
  • 73 employees received bonuses of $1 million or more
  • 11 of those people no longer work for AIG
... More »

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executive compensation • Andrew Cuomo • AIG • bonuses • bailout • Wall Street bailout

OPINION

 AIG CEO: Bonuses 
 'Distasteful,' Necessary 

Liddy says paying employees will help taxpayer in long run

Mar 18, 09 6:23 AM CDT
(Newser) - AIG's $165 million bonus payout has produced "a palpable wave of anger," admits Edward Liddy, the insurance giant's government-appointed CEO. But in an op-ed for the Washington Post, Liddy says that paying employees now will prevent "undue risk" and help AIG wind down the most dangerous positions... More »

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executive compensation • AIG • bonuses • bailout • Edward Liddy • financial crisis • credit default swap

 Geithner: We'll 
 Deduct AIG 
 Bonuses From 
 Next Bailout 

Insurer will be forced to return $165 million, treasury boss says in letter

Mar 18, 09 4:43 AM CDT
(Newser) - Treasury Secretary Tim Geithner promised last night that taxpayers wouldn't be paying a penny toward AIG's massive executive bonuses, Bloomberg reports. He explained in a letter to lawmakers that the government would require the insurer to pay back the $165 million from company operations and that an equal amount would... More »

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executive compensation • AIG • bonuses • bailout • Wall Street bailout • Timothy Geithner

(AP) - Outraged lawmakers threatened today to impose new taxes to recoup at least some of the $165 million in bonuses that insurance giant AIG awarded executives and traders after getting billions in federal bailout money. "What is the highest excise tax we can impose that will stand up in court?"... More »

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Congress • taxes • executive compensation • AIG • bonuses • Max Baucus • bailout • Steve Israel • Tim Ryan • grandstanding

OPINION

 Suck It Up and 
 Pay Those Bonuses 

Keeping employees at AIG is paramount, says Sorkin

Mar 17, 09 9:30 AM CDT
(Newser) - Everyone from President Obama down has been stung by the unfairness of AIG's planned $165 million in bonuses. But as Andrew Ross Sorkin writes in the New York Times, the best thing to do is shut up and pay. "As unpalatable as it seems," he writes, "taxpayers... More »

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Wall Street • executive compensation • AIG • bonuses • financial crisis

Wall St. Looks to Skirt Bonus Limits With Padded Salaries

Attempt to skirt new rules could anger shareholders

Mar 17, 09 8:14 AM CDT
(Newser) - In a move to skirt government restrictions on executive pay for recipients of bailout cash, some Wall Street companies are discussing raising base salaries, the Journal reports. Citigroup and Morgan Stanley are considering the idea, which is gaining currency as regulators keep a watchful eye on bonuses, say industry insiders.... More »

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Wall Street • Citigroup • executive compensation • Morgan Stanley • bonuses • bailout • banks • financial crisis • TARP • salaries

ANALYSIS

 AIG Uproar 
 Squanders 
 Obama Capital 

Anger over AIG creates more obstacles for president's agenda

Mar 17, 09 4:47 AM CDT
(Newser) - Mounting outrage over the bonuses paid to AIG execs is threatening to bring Barack Obama's presidential honeymoon to a bitter end, the Washington Post reports. Lawmakers from both parties are demanding answers the administration is struggling to provide, and the uproar is threatening to sap both public and congressional support... More »

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Barack Obama • executive compensation • AIG • bonuses • bailout • Obama administration • President Obama

AIG Execs Should Quit or Commit Suicide: GOP Senator

Grassley urges bosses to follow 'Japanese model' and fall on their swords

Mar 17, 09 2:40 AM CDT
(Newser) - AIG's bigwigs should follow the "Japanese example" for shamed executives and fall on their swords, Iowa Sen. Charles Grassley believes. The Republican lawmaker told a local radio program that  the bosses responsible for running the business into the ground should bow before the American people and apologize, reports ABC.... More »

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executive compensation • Charles Grassley • AIG • bonuses • bailout • executives

Cuomo Wants to Link Wall St. Pay to Performance

'Heads I win, tails I break even' must stop

Mar 13, 09 6:32 AM CDT
(Newser) - New York’s attorney general is teaming with Washington lawmakers to develop a plan to link Wall Street pay to long-term company performance, the Wall Street Journal reports. Details are skimpy, but Andrew Cuomo is looking into spreading cash and stock payments over several years so that if firms do... More »

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Congress • Wall Street • executive compensation • Andrew Cuomo • Barney Frank • performance

Paparazzi Switch Focus from Britney to Bankers

Public outrage spurs media to cover corporate excess

Mar 13, 09 1:59 AM CDT
(Newser) - Tabloids and TV shows best known for hounding Hollywood stars are turning their cameras to bankers and captains of industry, the New York Times reports. Paparazzi now track corporate jets and snoop on lavish parties held by execs at bailed-out banks, tapping into a deep vein of public anger at... More »

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executive compensation • tabloids • paparazzi • media coverage • bankers • executives • Wall Street bailout

 Cuomo: Merrill 
 Misled Congress 
 on Bonuses 

Bank decided on bonuses earlier than claimed, he says

Mar 11, 09 5:25 PM CDT
(Newser) - Andrew Cuomo is turning the screws a little tighter in his investigation of bonuses paid to Merrill Lynch executives. In a court filing today, the New York attorney general accused the bank of "misleading" Congress about when it decided to dole out $3.6 billion, the Wall Street Journal... More »

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Wall Street • executive compensation • Bank of America • Merrill Lynch • Andrew Cuomo • bonuses

 Citigroup Paid Employees 
 $13M for Scrapped Resort Trip 

Bahamas trip for top performers was nixed after spotlight put on bank's spending

Mar 10, 09 5:07 AM CDT
(Newser) - Citigroup employees whose jaunts to the Bahamas were canceled amid scrutiny of the bailed-out bank's spending were paid $13 million in compensation for the scrapped getaway, insiders tell Bloomberg. Sales agents—all 1900 of them—who had been scheduled to stay at a swanky resort were paid $5,000 each,... More »

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Citigroup • executive compensation • bonuses • Smith Barney • Wall Street bailout • TARP

Firms Reprice Employees' Worthless Stock Options

Repricing plans toss lifeline to 'underwater' stock option holders

Mar 7, 09 11:12 AM CST
(Newser) - Major firms are trying to boost morale by giving workers another chance to profit on stock options made worthless by the stock market dive, the Washington Post reports. Many employees—especially execs—are currently stuck with "underwater" options with a strike price above the trading price. Close to... More »

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Google • Starbucks • executive compensation • shareholders • shares • bear market • stock options • stock price

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