Fed next to challenge Wall Street pay policies
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Hang on! I (and millions of others) own this bank. Why did the ...
THE state-owned Royal Bank of Scotland is planning to hand out record bonuses of up to £5m each in a snub to struggling taxpayers. The average employee in its high-risk investment banking arm is likely to take home £240,000, with the top 20 staff in line for payments of between £1m and £5m. The conduct of these banks is ...
about 1 month ago
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Obama eases policy on medical marijuana
By: dustgeer
The Obama administration is advising federal prosecutors not to seek criminal charges against those who use medical marijuana in accordance with state laws, reversing a Bush administration approach. The guidelines, released today by the U.S. Justice Department, put in writing an approach that already was being used by the Obama administration. ...
about 1 month ago
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Outside Review Supports World Bank Group Reform
By: chnarendra
A recently completed external review of the World Bank Group’s governance headed by former Mexican President Ernesto Zedillo provides a series of recommendations supporting further governance reforms, commends the Bank for expanding initiatives during the financial crisis, and supports strengthening the Bank’s financial ...
about 1 month ago
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Eventually, the rich always overreach
By: CaliforniaMike
"Let me tell you about the very rich. They are different from you and me." -- F. Scott Fitzgerald, 1926 Back in 1985, the average working person in the United States made more money in a year than the average Wall Street financial worker received in an end-of-year bonus. It wasn't a big deal. Joe Average made $19,000 a year and Joe Wall Street ...
about 1 month ago
- News Source: Reuters | about 1 month agoWall Street went through an "enormous swing" in the last quarter, earning over $30 billion instead of losing the $14 billion New York City anticipated, Mayor Michael Bloomberg said on Thursday. But the mayor, who made his first fortune on Wall...
- News Source: New Zealand Infotech Weekly | about 1 month agoBefore the financial crisis erupted a little over a year ago, executive pay was hardly on the front-burner...Federal reserve Chairman Alan Greenspan, who ran the institution from 1987 to 2006 and was regarded during much of that period as a financial...
- News Source: Associated Press | about 1 month agoThe government unleashed efforts on two fronts Thursday to rein in outsized executive pay packages and limit the excessive risk-taking that fueled the financial crisis...Under the plan, cash salaries for the top 25 highest-paid executives will be...
- News Source: Asian Wall Street Journal | about 1 month agoBank of America Corp. global banking and markets chief Thomas Montag's compensation package of $9.9 million is the largest figure included in Treasury Department pay czar's Kenneth Feinberg's disclosures about seven companies receiving huge federal...
- News Source: CNSNews.com | about 1 month agoBanks cut back on loans from the Federal Reserve's emergency lending program over the past week, a sign some credit problems are easing as the economy recovers. The Fed on Thursday said commercial banks averaged $23.8 billion in daily borrowing...
- News Source: The Washington Times | about 1 month agoThe Federal Reserve announced a proposal Thursday to set guidelines on the pay policies of U.S. banks. The central bank said it will examine 28 major banks and smaller, regional banks to make sure their compensation polices "do not undermine their...
- Blog Source: blog.taragana.comFeinberg became pay czar earlier this year as Congress was responding to outrage about huge bonuses being paid to AIG. Lawmakers amended the bailout law to require that executive compensation at companies getting exceptional assistance ...
- Blog Source: www.infidelsparadise.comWhite House pay czar Kenneth Feinberg was the driving force behind the move to order steep pay cuts from bailed-out executives, and did not even seek the president's approval before making his decision. ...
- Blog Source: www.koco.comThe cuts apply to the 25 highest-paid executives at banks and other companies that received the most assistance, with salaries being slashed by as much as 90 percent, according to a person familiar with the matter. ...
- Blog Source: www.ablueview.comThe U.S. pay czar will cut in half the average compensation for 175 employees at firms receiving large sums of government aid, with the vast majority of salaries coming in under $500000 ... In addition to setting dollar amounts for the ...
- Blog Source: www.exposeobama.comThe U.S. pay czar will slash compensation for the 25 highest-paid employees at seven firms receiving large sums of government aid and demand a host of corporate -governance changes at those firms, according to people familiar with the matter. ... As
- Blog Source: www.washingtonexaminer.comThe Treasury Department is expected in the next few days to order companies that received huge government bailouts last year to slash the base salaries of their top executives by an average of 90 percent and cut their total compensation ...
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- Video Source: www.truveo.comBailout Execs Face 90 Percent ...Video Source: www.truveo.comBailout Execs Face 90 Percent Pay Cuts
- Video Source: www.truveo.comBIG PAY CUTS FOR BAILED-OUT ...Video Source: www.truveo.comBIG PAY CUTS FOR BAILED-OUT EXECS : Executives Salaries could drop 90%
Cell phones use report code: Related Tweets
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@theofrancis Fed & Treasury pitch pay rules, but will deferred stock and regulatory judgment do the trick? http://bit.ly/3x6E8z
about 1 month ago -
@rbaum UK banker skips wife's 40th party for conference call. She: "If it wasn't for the bonus, it wouldn't be worth it.” http://bit.ly/1w81tF
about 1 month ago -
@andersoncooper Financial Dispatch: Washington cracking down on runaway pay http://bit.ly/4Fdw03
about 1 month ago -
@jaketapper RT @SunlenMiller Obama Praises His Pay Czar for Executive Pay Cuts http://bit.ly/yvQb7
about 1 month ago -
@timobriennyt TimOBrienNYT: Fed Plans to Vet Banker Pay to Discourage Risky Practices - http://bit.ly/2uEcCo
about 1 month ago -
@nateog Federal Reserve proposes pay rules to curb risky practices by banks http://bit.ly/xtgs RT @LATimesbiz
about 1 month ago -
@fitzwillie @russn You can continue to receive the same paycheck as you did last month.
about 1 month ago -
@markknoller Obama says Ken Feinberg has "taken an important step forward" by curbing influence of exec compensation while allowing companies to succeed.
about 1 month ago -
@LATimesmuskal latimesmuskal: #Obama urges Congress to act on package of financial regulations and reforms. #politics #economics
about 1 month ago -
@LATimesmuskal latimesmuskal: #Obama argues that taxpayer support requires some change and he backs Feinberg's cuts for execs at 7 cos. #politics
about 1 month ago
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