Ex-AIG CEO Gives Up Stock
December 31, 2008 by Joseph McCafferty
Former AIG chief executive Robert Willumstad will forego stock awards he was granted as part of his agreement to step into the insurer's top post last June.
December 31, 2008 by Joseph McCafferty
Former AIG chief executive Robert Willumstad will forego stock awards he was granted as part of his agreement to step into the insurer's top post last June.
Executive Pay Controls Sought for WaMu
September 24, 2008 by Joseph McCafferty
In lieu of the U.S. Treasury’s plan to fund a $700 billion bailout plan, Democrats focus on including controls on executive pay that take advantage of the taxpayers’ aid.
September 24, 2008 by Joseph McCafferty
In lieu of the U.S. Treasury’s plan to fund a $700 billion bailout plan, Democrats focus on including controls on executive pay that take advantage of the taxpayers’ aid.
Minow Points Finger at Boards
September 19, 2008 by Joseph McCafferty
Nell Minow says that the people most responsible for the meltdowns of financial institutions are the board of directors. Their failure to act as fiduciaries for shareholders in managing risk is why many major financial institutions have ended in disaster.
September 19, 2008 by Joseph McCafferty
Nell Minow says that the people most responsible for the meltdowns of financial institutions are the board of directors. Their failure to act as fiduciaries for shareholders in managing risk is why many major financial institutions have ended in disaster.
Deposed AIG CEO Gets $47M
July 2, 2008 by Joseph McCafferty
American International Group paid a $47 million severance package to former CEO Martin J. Sullivan.
July 2, 2008 by Joseph McCafferty
American International Group paid a $47 million severance package to former CEO Martin J. Sullivan.
Here We Go Again
June 18, 2008 by Joseph McCafferty
A hefty severance payout for ousted AIG CEO Martin Sullivan promises to put executive pay back in the spotlight and the pressure back on compensation committees.
June 18, 2008 by Joseph McCafferty
A hefty severance payout for ousted AIG CEO Martin Sullivan promises to put executive pay back in the spotlight and the pressure back on compensation committees.