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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: salaries

salaries stories: 7 news summaries

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 »

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

OPINION

Falling Wages Compound Economic Woes

Without new stimulus, US faces Japan-style slump: Krugman

May 4, 09 8:00 AM CDT
(Newser) - From bailed-out automakers to newspapers facing cutbacks, companies across the US are slashing wages, and employees—even those with unions—are sitting still for it. While cuts may look like a good alternative to unemployment, but they're more harmful than they appear, writes Paul Krugman in the New York Times.... More »

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wages • recession • US economy • Paul Krugman • stagflation • Obama administration • salaries

(Newser) - While millions of Americans struggle on reduced paychecks or unemployment, Wall Street is returning to the high salaries of yesteryear, the New York Times reports. Enjoying strong first-quarter profits, six of the most powerful banks have reserved $36 billion to pay workers—suggesting that paychecks and bonuses have recovered for... More »

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Wall Street • bonuses • salaries • executive bonuses

As Staffers Take Pay Cuts, NYT Execs Get Bonuses

CEO's pay went up $1.5M last year

Apr 22, 09 3:12 PM CDT
(Newser) - New York Times Co. executives have taken big bonuses as their newsrooms endure layoffs and pay cuts, a proxy statement filed with the SEC reveals. At the eye of the storm is CEO Janet Robinson, whose compensation in 2008 was more than $1 million greater than her 2007 salary and... More »

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New York Times • corporate • Arthur Sulzberger Jr. • Boston Globe • reporters • salaries • executive bonuses • Janet L. Robinson

Salaries Down $1,100
for This Year's Grads

Credentialed jobs are faring best in downturn

Apr 8, 09 5:13 PM CDT
(Newser) - More bad news for 1.5 million college seniors graduating this year into a tough job market: Less money. The average salary offer to a new recipient of a bachelor's degree is $48,515, down 2.2% from last year's $49,624, says a survey by the National Association of... More »

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unemployment • job market • college graduates • salaries • internship

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

(Newser) - President Obama announced today that he was freezing the salaries of top White House staff who take in more than $100,000 a year, the AP reports. “Families are tightening their belts, and so should Washington,” he said. Obama is also requiring federal agencies to respond more actively... More »

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Barack Obama • White House • Freedom of Information Act • Obama administration • President Obama • salaries • salary freeze

7 Stories


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