compensation

Will EU Limits on Banker Bonuses Reduce Risk?

Europe's parliament on Wednesday approved world's toughest limits on bankers' bonuses, a move likely to fuel demands for similar curbs in the United States. But are these measures enough to limit excessive risk-taking at too-big-to-fail financial institutions and avert another meltdown?

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.

2008 Meltdown Vs. the S&L Crisis: Which Was Worse?

In the late '80s and early '90, more than 1,000 savings & loans failed in a financial crisis that cost the government $220 billion to resolve. By contrast, it looks like TARP will only cost the government $105 billion. So is the current financial crisis only half as bad? Not bloody likely.

Legal Briefing: House Acts to Aid BP's Widows and Orphans

The House of Representatives has passed the "SPILL Act," which -- if also passed by the Senate -- will allow families of men killed in the Deepwater Horizon accident to sue BP for normal damages. Under current maritime law, BP might get away with payments as low as $1,000 per death.

One Gulf Shrimper's Tale of BP Oil Spill Woe

Shrimper John T. Christmas probably would have had a good year were it not for the BP oil spill. Now, the 60-year-old from Tarpon Springs, Fla., and thousands like him who have made their livings on the Gulf of Mexico, are wondering if they'll have any future at all in the wake of the spill.

Two AIG Execs Get Eyebrow-Raising Pay Jump

While the overall 2010 cash pay of AIG's top earners will fall, the two senior managers have been awarded hefty raises. This likely won't help in soothing public anger about excessive executive compensation at bailed-out companies.

Another Rich Payday for Another GM Exec

General Motors announced on March 5 that it would pay Stephen J. Girsky, its new Vice Chairman for Corporate Strategy and Business Development, $5 million in compensation for this year. His base salary will be $500,000 and he will get $3,000,000 in stock, which will be delivered over three years beginning in 2012. In addition, Girsky will receive restricted stock units valued at $1,500,000. The information was filed with the SEC in an 8-K.

The Feds Crank Up the Payback Pressure on Banks

As banks plan to announce billions in bonuses for their executives, the federal government is taking two different approaches to reining in those bonuses and collecting some of that money to pay back taxpayers and cut the federal budget deficit.

Goldman May Give More to Charity

Facing criticism of high compensation packages and bonuses, Goldman may force its bankers to give a much larger portion of their compensation to charity.

Directors Must Do More To Earn Their Keep These Days

Sitting on a corporate board of directors has always been great work if you can get it, especially if it's with a company that's generous with board member compensation. These days, directors are feeling the heat to get some real work done.

Are senior AIG execs going broke?

AIG (AIG) CEO Robert Benmosche wants to make it clear that many of his senior staff have made tremendous financial sacrifices in the insurance firm's...

Goldman Sachs Defends Salaries

Goldman Sachs (GS) has started to meet with its largest shareholders to defend the millions, and in some cases tens of millions, that it pays its management and star bankers.

Citi may give in to $100 million man

Citigroup (C) seems to owe the head of its Phibro energy trading unit $100 million in compensation. The federal government's pay czar may try to...