News Source: The News Journal
| about 1 month ago
The Treasury Department on Thursday ordered Bank of America, Citigroup and five other companies that received billions of dollars in government bailouts to halve total compensation for their top executives, beginning with pay received in November.
News Source: Seattle Times
| about 1 month ago
The Federal Reserve joined the Treasury Department on Thursday in imposing new limits on executive pay, extending the government's control over compensation at taxpayer-owned companies to institutions that are merely government-regulated. The...
News Source: Denver Post
| about 1 month ago
The Federal Reserve joined the Treasury Department on Thursday in imposing new limits on executive pay, extending the government's control over compensation at taxpayer-owned companies to institutions that are merely government regulated. The...
News Source: The Mercury News
| about 1 month ago
The Federal Reserve announced Thursday that it would crack down on pay packages that encouraged bankers to take excessive risks, but officials acknowledged that the plan might not reduce the biggest paychecks on Wall Street. Though unlikely by itself...
News Source: Chicago Tribune
| about 1 month ago
In the same way that the government took an extraordinary step to save the domestic auto industry by becoming a shareholder in General Motors Corp. , the Federal Reserve on Thursday moved to exert greater oversight of the financial system by...
News Source: Channel NewsAsia
| about 1 month ago
The Obama administration on Thursday took an axe to executive salaries at firms rescued by taxpayer bailouts, cutting cash payments by 90 per cent amid a public backlash at bloated Wall Street bonuses. In a dramatic government swipe at big business,...