compensation

Pay on Wall Street is on pace to break a record high for a second consecutive year, growing an average of 4% in 2010 at the 35 top financial institutions and rising faster than revenues.

HP shares dropped more than 3% in premarket trading Friday, a day after the company named Leo Apotheker to replace Mark Hurd as CEO. And if investors aren't impressed with the choice of the former CEO of software giant SAP to lead HP, they're really not going to like his compensation package.

Citigroup's (C) newest energy banker Stephen Trauber could take home as much as $30 million over three years as part of his juicy new pay package with the bank. Trauber, whom Citigroup poached from Swiss bank UBS (UBS), landed himself the deal just months after pay czar Kenneth Feinberg ended...

Citigroup Inc. (C) will pay five of its top executives almost $33 million in stock compensation this year and plans to increase its CEO's salary above his $1 a year figure in 2011, marking the financial institution's effort to reward executives for turning a profit so far this year after two years of losses.

Halliburton and Kellogg, Brown and Root violated their contracts to safely dispose of waste in combat zones, and the toxins their burn pits released allegedly caused serious illnesses in U.S. soldiers. But will extenuating circumstances allow the military contractors to avoid punishment?

CEOs who cut the most jobs during the recession earned an average of 42% more than their S&P 500 peers, according to a study by the Institute for Policy Studies. Top execs at the 50 firms that laid off the most workers since the economic crisis began averaged nearly $12 million in 2009.

A new rule forcing U.S. companies to disclose the ratio between their chief executive's pay and that of the typical employee is a "logistical nightmare"", lawyers say. "It's just not do-able for a large company with tens of thousands of employees worldwide," Richard Susko, a partner at Cleary...

Kenneth Feinberg, who was jointly selected to be the new oil spill claims czar by the White House and BP, spent his first official day on the job Monday taking heat over the guidelines he has established for claims against the fund BP set up for victims of the Gulf of Mexico disaster.

After so many layoffs in recent years, workers still on the job are feeling overworked and unappreciated. The lack of promotions, incompetent coworkers and uncommunicative bosses are prompting many to consider chucking it all for another job.

Individuals and businesses seeking a lump-sum settlement from the $20 billion fund created by BP (BP) to compensate victims of the Gulf oil spill will likely have to waive their right to sue BP, as well as other major defendants involved in the disaster, The New York Times reported, citing internal...