Wall Street ‘Crimes’ Need Better Policing
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Obama Tries to Hobble Chamber of Commerce
By: RaulDeSouza
The Obama administration is deliberately freezing out a US Chamber of Commerce seemingly chilly to its entire agenda. White House officials have pointedly ignored the Chamber, speaking instead directly with the CEOs of its member companies. “We prefer the approach where the actual people who are on the front lines come and advise us,&...
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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By: BiodunIginla
Tuesday, October 20, 2009 by Melissa Gruz, reporting from Washington for the BBC's Biodun Iginla
about 1 month ago
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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
- News Source: The Economic Times | about 1 month agoThe Obama administration’s moves to rein in executive pay sparked criticism on Wall Street, as lenders such as Bank of America said the measures may hurt the very companies the US is intent on saving. “People want to work here but they want to be...
- News Source: Turks and Caicos Free Press | about 1 month agoBank of America Chief Executive Ken Lewis , who has announced he will leave the company by the end of the year, will receive no more pay for 2009 and will have more than $1 million of his prior pay clawed back, according to a deal Feinberg struck.
- News Source: National Public Radio | about 1 month agoBut critics quickly labeled the proposal to cut pay for executives at seven companies propped up by a government bailout a sop to angry taxpayers. Meanwhile, critics say, a real overhaul of the nation's troubled financial system appears to be largely...
- News Source: Charlotte Observer Online | about 1 month agoThe federal pay czar Thursday rejected Bank of America's proposed compensation plans for top executives, including an initial pitch for up to $12 million for chief executive Ken Lewis, calling the Charlotte bank's proposal too generous. Even so,...
- News Source: NewKerala | about 1 month agoMuch of the cutting was done to executives' salaries, which were reduced more than 90 percdent on average. The pay restrictions announced Thursday will not take effect until Nov 1, and will serve as a base for executive pay in 2010. On a company...
- News Source: Baltimore Sun | about 1 month agoC orporate America is shocked at pay czar Kenneth Feinberg. That Washington appointed him to oversee compensation at companies getting bailouts?...That he thinks people who abused shareholders and crippled the economy don't deserve pay of tens of...
- Blog Source: osmoothie.comSince his appointment last June by Treasury Secretary Timothy F. Geithner, Mr. Feinberg has spent months in negotiations with the companies as he seeks to balance compensation concerns against fears at the companies that any huge ...
- Blog Source: politicalintegritynow.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: dealbook.blogs.nytimes.comMr. Feinberg said his mandate was to persuade executives at bailed-out companies like Bank of America to stay despite looming pay cuts. But since Mr. Lewis had already announced his retirement, there was no persuading to be done, ...
- Blog Source: www.consumerismcommentary.comThe Obama administration's “pay czar,” Ken Feinberg, is going to determine the compensation for the highest 25 paid individuals in each of the companies that have not yet repaid government funds. The new compensation plans would reduce ...
- Blog Source: www.cato-at-liberty.orgAccording to reports, executives from bailed out companies Citigroup, Bank of America, GM, Chrysler, GMAC, Chrysler Financial and AIG are going to see major pay cuts this year, which will be enforced by the president's “pay czar,” Kenneth R . ...
- Blog Source: www.capitolhillblue.comCongress passed legislation in February requiring Treasury to oversee pay at companies that took bailout money. Treasury created the pay czar's office in June as one means of implementing that law. Treasury's rules require the special ...
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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 -
@Shuster1600 DavidShuster: Key issue for Harry Reid: Will the 60 Senators in the dem caucus, including Lieberman, vote "yes" on motion to proceed if bill has the PO?
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 -
@edatpost Senate creates new government performance panel: Sen. Mark Warner (D-Va.) will chair a new Senate Budget Commit.. http://bit.ly/acsQg
about 1 month ago -
@timobriennyt TimOBrienNYT: Panel Votes for New Agency on Financial Oversight - http://bit.ly/QFxwl
about 1 month ago -
@timobriennyt TimOBrienNYT: Fed Plans to Vet Banker Pay to Discourage Risky Practices - http://bit.ly/2uEcCo
about 1 month ago -
@timobriennyt TimOBrienNYT: Ha! rt @michaelscherer @cassandrabarry: JanuaryJones says in GQ: 'I'm probably the most interesting girl you'll ever meet' She hides it well
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
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