Will EU Limits on Banker Bonuses Reduce Risk?
The tough new restrictions will likely fuel demands for similar curbs in the U.S. But not everyone is convinced that the new rules will have the intended effect of changing bankers' riskiest practices.
compensation
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 make their livings on the Gulf, wonders if he'll have any future at all.
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.
$21.3 Million for Wells Fargo Chief
Wells Fargo CEO John Stumpf made $21.3 million last year, up from a mere $8.8 million in 2008.
$145 Billion in 2009 Banker Compensation
In a move that is sure to irritate an already outraged public, major U.S. banks paid out $145 billion in compensation in 2009, up 18% from 2008
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.
AIG's Top Lawyer Walks Away with Millions in Severance
AIG's general counsel, who resigned over government-imposed pay limits, will receive millions in severance package.
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.