Treasury Looks to Recoup AIG Bonus Money
March 18, 2009
A frustrated Timothy Geithner is looking to deny AIG $165 million worth of bonuses paid out to employees working in the company’s financial products division
March 18, 2009
A frustrated Timothy Geithner is looking to deny AIG $165 million worth of bonuses paid out to employees working in the company’s financial products division
Senator: No Morgan Stanley Bonuses
March 18, 2009
New Jersey Democratic Senator Robert Menendez says Morgan Stanley should be denied the right to pay out as much as $3 billion in bonuses designed to retain employees at risk of being “poached” by competitors.
March 18, 2009
New Jersey Democratic Senator Robert Menendez says Morgan Stanley should be denied the right to pay out as much as $3 billion in bonuses designed to retain employees at risk of being “poached” by competitors.
Exec Comp: What to Watch for in 2009
March 18, 2009
A recent report examines expected changes to pay plans and practices. Analysts expect pay-related scrutiny to be focused most heavily on firms most closely associated with the credit crisis, including those receiving government assistance, those who have exhibited poor pay practices in prior years, or both.
March 18, 2009
A recent report examines expected changes to pay plans and practices. Analysts expect pay-related scrutiny to be focused most heavily on firms most closely associated with the credit crisis, including those receiving government assistance, those who have exhibited poor pay practices in prior years, or both.
D&O Insurance Pricing on the Rise
March 17, 2009
Insurance carriers posted strong underwriting results during the fourth quarter of 2008. Despite the uncertain economy, analysts expect D&O pricing for the financials sector to continue to rise, while remaining stable for the non-financials sector.
March 17, 2009
Insurance carriers posted strong underwriting results during the fourth quarter of 2008. Despite the uncertain economy, analysts expect D&O pricing for the financials sector to continue to rise, while remaining stable for the non-financials sector.
Morici on Stewart vs. Cramer
March 17, 2009 by Peter Morici
Americans watch Mad Money, subscribe to Morningstar and read more staid columnists, because investing is much more than putting up cash for the future. Like virtually every other economist, I have counseled players, pundits and parents for thirty years, you can’t beat the market.
March 17, 2009 by Peter Morici
Americans watch Mad Money, subscribe to Morningstar and read more staid columnists, because investing is much more than putting up cash for the future. Like virtually every other economist, I have counseled players, pundits and parents for thirty years, you can’t beat the market.
Citigroup Board Nominates Four Indies
March 17, 2009
Beleaguered-but-battling Citigroup announced the nomination of four new independent directors for its board yesterday.
March 17, 2009
Beleaguered-but-battling Citigroup announced the nomination of four new independent directors for its board yesterday.
UBS Board Adds Three New Directors
March 17, 2009
Swiss bank UBS has nominated three new financial mavens to its board of directors, in efforts to accelerate a company-wide restructuring.
March 17, 2009
Swiss bank UBS has nominated three new financial mavens to its board of directors, in efforts to accelerate a company-wide restructuring.
Goldman Sachs Granting Loans to Employees
March 17, 2009
Some employees of Goldman Sachs may be getting more than a paycheck from their employer, as the bank has started a loan program for its employees whose personal portfolios have been hit hard by the market crash.
March 17, 2009
Some employees of Goldman Sachs may be getting more than a paycheck from their employer, as the bank has started a loan program for its employees whose personal portfolios have been hit hard by the market crash.
Street Smarts: Analyzing the Market Thaw
March 16, 2009
Last week, the stock market posted its best rally of 2009, a move which appears to have been sparked by more optimistic statements from the nation’s leading banks and better-than-expected reports on retail sales and consumer sentiment. This week’s chilly economic releases are likely to remind investors that the economy remains in deep recession.
March 16, 2009
Last week, the stock market posted its best rally of 2009, a move which appears to have been sparked by more optimistic statements from the nation’s leading banks and better-than-expected reports on retail sales and consumer sentiment. This week’s chilly economic releases are likely to remind investors that the economy remains in deep recession.
State Street CEO Continues to Rake it in
March 16, 2009
State Street’s chief executive enjoyed a salary increase of 1.3 percent in 2008, with his total figure rising to $28.7 million for the year.
March 16, 2009
State Street’s chief executive enjoyed a salary increase of 1.3 percent in 2008, with his total figure rising to $28.7 million for the year.
NACDNE Honors Fraser, Thermo Science Board
March 16, 2009
The New England Chapter of the National Association of Corporate Directors has announced this year’s nominees for the Director of the Year awards. Award recipients will be honored at the annual NACD New England Director of the Year Awards Dinner taking place on May 7.
March 16, 2009
The New England Chapter of the National Association of Corporate Directors has announced this year’s nominees for the Director of the Year awards. Award recipients will be honored at the annual NACD New England Director of the Year Awards Dinner taking place on May 7.
GE Loses Triple-A Rating on Debt
March 13, 2009
General Electric lost its triple-A credit rating it first gained in 1956, in the latest instance of a conglomerate falling prey to a faltering economy.
March 13, 2009
General Electric lost its triple-A credit rating it first gained in 1956, in the latest instance of a conglomerate falling prey to a faltering economy.
Swiss Banks Concede Data Sharing
March 13, 2009
Bowed but by no means broken, Switzerland has agreed to cooperate with the Organization for Economic Cooperation and Development (OECD) in abiding by international rules for the sharing of banking data.
March 13, 2009
Bowed but by no means broken, Switzerland has agreed to cooperate with the Organization for Economic Cooperation and Development (OECD) in abiding by international rules for the sharing of banking data.
Value of Class Action Suits Down…for Now
March 13, 2009
The value and number of federal securities class action settlements declined sharply in 2008 but researchers say this is unlikely to continue because the financial crisis already has caused in increase in litigation activity that could affect settlement.
March 13, 2009
The value and number of federal securities class action settlements declined sharply in 2008 but researchers say this is unlikely to continue because the financial crisis already has caused in increase in litigation activity that could affect settlement.
AOL Names Google’s Armstrong as CEO
March 13, 2009
Tim Armstrong, an executive from Google, is AOL’s newest CEO, raising hopes that he will be able to turn around the struggling Time Warner Internet unit.
March 13, 2009
Tim Armstrong, an executive from Google, is AOL’s newest CEO, raising hopes that he will be able to turn around the struggling Time Warner Internet unit.
BofA Shareholder Wants Lewis Out
March 13, 2009
Just six months ago hailed as a strategic wunderkind for his successful bid for investment bank Merrill Lynch, Bank of America CEO Kenneth Lewis has of late come under fire for the deal, with one shareholder calling for his resignation as company chairman.
March 13, 2009
Just six months ago hailed as a strategic wunderkind for his successful bid for investment bank Merrill Lynch, Bank of America CEO Kenneth Lewis has of late come under fire for the deal, with one shareholder calling for his resignation as company chairman.
Conference Board Sets Task Force on Comp
March 13, 2009
The Conference Board yesterday announced the formation of an Executive Compensation Task Force co-chaired by Raj L. Gupta, chairman and CEO of Rohm and Haas, and Robert E. Denham, former chairman and CEO of Salomon.
March 13, 2009
The Conference Board yesterday announced the formation of an Executive Compensation Task Force co-chaired by Raj L. Gupta, chairman and CEO of Rohm and Haas, and Robert E. Denham, former chairman and CEO of Salomon.
Cuomo, Frank Team Up on Comp
March 13, 2009
New York State Attorney General Andrew Cuomo is in discussions with Rep. Barney Frank and other lawmakers on a plan to tie Wall Street pay to the long-term performance of the firms.
March 13, 2009
New York State Attorney General Andrew Cuomo is in discussions with Rep. Barney Frank and other lawmakers on a plan to tie Wall Street pay to the long-term performance of the firms.
Millstein on the Recurrent Crisis: ‘Boards and Shareholders Have Ducked on Compensation’
March 12, 2009
Our individual savings generate the entire capital market. Together “we”, the whole investment chain, are the owners of corporate America and we should act like it. “We” have ducked our responsibility to halt compensation excesses in the financial sector and, to a certain extent, sections of the rest of corporate America. Now that compensation has come front and center in the wake of a crisis which has not only exposed its flaws, but did so on national network television, activation is essential. Not just because compensation at excessive levels is unacceptable to most of the beneficiaries—us—(which is reason enough), but because compensation is a politically attractive ground for regulation.
March 12, 2009
Our individual savings generate the entire capital market. Together “we”, the whole investment chain, are the owners of corporate America and we should act like it. “We” have ducked our responsibility to halt compensation excesses in the financial sector and, to a certain extent, sections of the rest of corporate America. Now that compensation has come front and center in the wake of a crisis which has not only exposed its flaws, but did so on national network television, activation is essential. Not just because compensation at excessive levels is unacceptable to most of the beneficiaries—us—(which is reason enough), but because compensation is a politically attractive ground for regulation.