Considering how often airline industry executives complain about how hard it is to run a profitable carrier, one might expect their efforts could go unrewarded -- at least monetarily. Not so at the new United Continental Holdings, where big post-merger raises are coming for top management.
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.
Businesses large and small have complained for years about the cost of doing business. And it's not unusual for them to use the cost of hiring moderate-income workers to illustrate their points. Here's what they fail to mention.
Two large institutional investors are none too happy about the $50 million Occidental Petroleum's CEO made last year, so Relational Investors and CalSTRS are launching a fight to take over four of 13 seats on the oil and gas company's board.
Larry Ellison of Oracle tops The Wall Street Journal's new list of the 25 highest-paid CEOs of the last decade. Ellison's total compensation over the last 10 years, including salary, bonus, stock and stock option grants, was $1.84 billion.
A new report from pay czar Kenneth Feinberg looks at compensation practices at 17 banks that received federal bailouts, and it's not a pretty picture: The banks made an estimated $1.6 billion in "ill-advised" payments.
Winthrop Brown, a Washington lawyer who lobbies on behalf of financial services firms, says the new regulations should get "a pretty good grade" from Wall Street -- and from Main Street. But will they prevent another economic meltdown?
It's time to change the way executives are paid to prevent another financial meltdown -- but the current reform package still lets bankers get paid up-front for closing deals while doing nothing to keep them from shifting the costs of their failed deals onto taxpayers.
Unlike other CEOs that crashed their companies and took public bailouts while wrapped in multimillion-dollar pay packages, Jim Skinner's $17 million reward is directly tied to McDonald's delivery of solid revenues and big returns for shareholders during an economic downturn.
Brian Moynihan seems keen to show the world that he's in charge of Bank of America. In his first public speech as head of the largest U.S. bank, the BofA insider says the industry is 'ready to move forward' after learning "tough lessons."
In the last decade, all the stock indexes plunged, costing investors $2.5 trillion in lost wealth. Yet people keep buying stocks. To make sure you pick a winner like Amazon instead of a dud like AIG in the next decade, there are four key tests a stock should pass.
The Securities and Exchange Commission is changing how companies must disclose executive compensation. Corporations may now be forced to reveal more embarrassing details about how they reward the top dogs.
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.
