executive pay

Kenneth Feinberg Tries to Shame Wall Street

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.

A Wall Street Lawyer's Take on Financial Reform

Winthrop Brown, a Washington lawyer who lobbies on behalf of financial services firms, says the new regulations should get fairly high marks from Wall Street -- and from Main Street. But will they prevent another economic meltdown?

Yale's Robert Shiller: Hold Back Executive Pay

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.

McDonald's CEO's $17 Million Pay Tied to Performance

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.

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.

Executive Compensation Reforms Are Gaining

The furor over pay on Wall Street and in executive suites isn't likely to fade anytime soon: Wall Street employees saw their bonuses increase by 17% to a collective $20.3 billion in 2009. But a closer look a Corporate America shows that changes for the better are happening.

Bank of America's New CEO Takes the Reins

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."

Stocks Should Pass Four Tests to Be Winners

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.

Congress zeroes in on Ken Lewis

It's the story of the preacher and the banker and the once-venerable financial services firm. Congressman Edolphus "Ed" Towns, chairman of the House...

Why 'say on pay' is a waste of time

We have a little problem in the U.S., since we finance political campaigns largely with corporate money. CEOs direct that corporate money to...

CIT paid huge retention bonuses

CIT Group (CIT), which is facing likely bankruptcy, paid retention bonuses to 40 executives and key employees -- including two named officers in...

AIG requests more bonus money

AIG (AIG) wants to pay out more bonus money to executives, and why not? They probably earned it. The insurance company, which is largely owned by the...

Bonus caps for executives won't help

President Obama wants executive pay caps at TARP-funded companies, but it isn't looking good. According to the Wall Street Journal, "The Obama...

Big changes coming to executive pay

Shareholders may soon be able to vote on the pay packages for top executives of financial firms, according to a report from Bloomberg today. The...