bonus

Citigroup CEO Pandit Gets a 14,900,000 Percent Raise

Wall Street's bad bonus year did not extend to Citigroup's c-suite. CEO Vikram Pandit, who said he'd take a salary of $1 until Citi returned to profitability, pulled in nearly $14.9 million this year, and his fellow top officers took home big raises too.

Worthy Credit Card Deals Abound for Creditworthy

Credit card companies are tripping over themselves to attract big spending, timely payers. The credit industry mavens at CardHub.com report that there credit cards than ever offering higher initial rewards bonuses -- for people with credit scores above 700.

GM and Chrysler Will Pay Bonuses to Salaried Workers

Less than two years after they exited bankruptcy, Chrysler Group and General Motors will soon distribute bonuses to salaried employees in recognition of their efforts to help revive the once-flagging Detroit automakers. The payout is likely to anger the companies' unionized workers.

The Hidden Cost of Big Wall Street Bonuses to Society

Though most Americans wish that Congress would rein in excessive pay on Wall Street, that won't happen while the huge campaign contributions keep flowing. And the financial industry's big money shell game drains away something more precious from our society than money -- it siphons off talent.

Bank of America May Pay Employee Bonuses in Stock

As Bank of America continues to cope with fallout from the housing and mortgage crisis, the financial institution may have to pay some year-end employee bonuses in the form of stock because of a possible cash shortfall related to its buy-back of stock from the federal government.

Wal-Mart to Cut Profit Sharing, Increase Potential Retirement Benefits

Wal-Mart Stores, the world's largest retailer, is ending its 39-year-old policy of automatic profit sharing for employees. It's replacing the bonuses with retirement benefits which could increase employees' total compensation, but employees are only eligible if they pay into their plans.

Pay Raises Are Smaller Than Expected This Year

Workers who got less of a raise than they anticipated this year aren't alone. A new Hewitt survey of large companies finds the nation's slack recovery has prompted many employers to rein in expenses, thereby reducing planned raises and bonuses.

Goldman Sachs Earnings Tumble on SEC Settlement

Goldman Sachs earnings fell sharply in the second quarter, hurt by its $550 million settlement with the Securities and Exchange Commission and a U.K. payroll tax. But on an adjusted basis, the investment bank's profits easily topped expectations.

How Many Workers Can You Hire for the Price of One CEO?

CEOs at some large public companies earn more per day than their employees earn over the course of an entire year. We took a look at some of the country's most well-known companies and calculated just how many workers the CEO's annual paycheck could afford to hire.

Rocker Billy Bragg Declares War on Banker Bonuses

Rabble-rousing musician Billy Bragg is urging U.K. citizens to withhold their taxes unless the government stops the Royal Bank of Scotland from awarding $2.4 billion in bonuses to its bankers. After a bailout, RBS is now government owned.

'Fat Cat' Bonuses at Morgan Stanley Despite Dismal Year

To understand why the American public is so enraged by Wall Street's bonus structure, one needn't look further than New York-based Morgan Stanley. Despite a dismal year in 2009, the company paid out record bonuses and salaries.

Despite Bailout, Some Citi Execs Earned Millions in '09

Even though it's still on life support from the federal government, Citigroup paid close to $9 million each to five top executives in 2009. But not much of it was in cash -- the compensation was primarily in shares of restricted stock which can't be sold immediately.