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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: executive bonuses

executive bonuses stories: 35 news summaries

1 - 20 of 35 Stories | 1 2 Next >>

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 Goldman Bonuses 
 Irk Investors, Too 

Shareholders question need for $20B in bonuses

Nov 20, 09 7:35 AM CST
(Newser) - With Goldman Sachs on course to hand out the highest bonuses in its history, it's not only furious populists who are complaining; investors, too, are getting into the act. Major shareholders, who have stayed out of the executive compensation controversy until now, are calling for the bank to cut back... More »

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Wall Street • executive compensation • Goldman Sachs • shareholders • executive bonuses • Goldman bonuses

OPINION

Rage Against Privilege
Seeps Into Left, Right

Anger at betrayal runs deep

Nov 12, 09 8:32 AM CST
(Newser) - It takes a lot for the folks in middle America to "look upon concentrated wealth as anything except a virtue," writes Timothy Egan for the New York Times, but that line has finally been crossed. Hearing of tens of billions in holiday bonuses at Wall Street firms bailed... More »

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St. Louis • Wall Street bailout • executive bonuses • H1N1 virus • midterm elections • class rage

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 »

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Wall Street • executive compensation • bonuses • executive bonuses

Exec Pensions Soared
as Stocks Tanked

Multi-million-dollar payouts escape pay watchdog scrutiny

Nov 3, 09 4:47 AM CST
(Newser) - Steep increases in the pensions of top execs passed largely unnoticed amid the recent uproar about pay and bonuses. The average pension for a top executive rose 19% last year even as share prices fell by an average of 37%. More than 200 execs saw pensions boosted by over 50%... More »

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executive compensation • pensions • retirement • compensation • executives • 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 »

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Chrysler • Citigroup • executive compensation • Bank of America • General Motors • AIG • bonuses • executive 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 »

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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 »

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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 »

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

 Wall Street 
 Forking Out 
 Record Pay 

Pay at top firms expected to hit $140B as markets rebound

Oct 14, 09 5:36 AM CDT
(Newser) - Major financial firms have bounced back from the brink of meltdown and are on course to hand out their biggest-ever pay packages this year. The total payout at the big banks and securities firms will hit $140 billion this year, according to Wall Street Journal projections based on revenue figures... More »

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Wall Street • executive compensation • Goldman Sachs • bank • financial institutions • executive bonuses

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 »

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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 »

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

Obama Vows
to End 'Fat'
Exec Bonuses

Summers sees
'death panel' tactics from reform foes

Sep 19, 09 9:44 AM CDT
(Newser) - President Obama used his weekly radio address today to promise a continued crackdown on risky investment schemes that result in "fat executive bonuses" on Wall Street, reports Reuters. Obama pledged to use next week's G20 summit in Pittsburgh to push for sweeping reform of the world's financial markets. "... More »

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Wall Street • Larry Summers • G20 • President Obama • executive bonuses • financial reform

 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 »

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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

 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 »

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Wall Street • executive compensation • Federal Reserve • bonuses • compensation • risky trading • clawback • executive bonuses

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 »

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executive compensation • Goldman Sachs • bonuses • Lloyd Blankfein • investment banks • executive bonuses

OPINION

Obama Should Have Put Wall Street on Trial

But he didn't, and now GOP fat cats can somehow play populist

Sep 8, 09 8:22 AM CDT
(Newser) - How can rich fat cats like Glenn Beck and Rush Limbaugh pretend to be populists, while tarring Barack Obama as the establishment? Because Barack Obama missed his chance to strike a blow for the little guy and prosecute Wall Street, writes communications professor Jon Taplin. Instead, he listened to Wall... More »

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Barack Obama • Wall Street • Rush Limbaugh • Glenn Beck • populism • Larry Summers • financial crisis • Timothy Geithner • executive bonuses

(Newser) - Just because top banking executives took home hefty paychecks in recent months doesn't mean they'll get to keep the money, reports Reuters. White House pay czar Kenneth Feinberg declared he has clear authority to "claw back" egregious bonuses already paid out by any bank that received federal TARP money.... More »

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Chrysler • Citigroup • executive compensation • Bank of America • Goldman Sachs • General Motors • bailout • GMAC • American International Group • executive bonuses • Kenneth Feinberg • pay czar

(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 »

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

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 »

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

(AP) - Bowing to populist anger, the House voted today to prohibit pay and bonus packages that encourage bankers and traders to take risks so big they could bring down the entire US economy. Passage of the bill on a 237-185 vote followed the disclosure a day earlier that nine of the... More »

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Congress • Wall Street • bailout • executive bonuses

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