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An Oklahoma judge ruled Thursday that Chesapeake Energy Corp. won't have to open its books to a shareholders' group, a victory for the company in its defense of a $75 million bonus awarded to CEO Aubrey McClendon last December.
While economic woes are forcing many states to lay off or furlough their workers, West Virginia's governor wants to give his a little something extra.
A former Bear Stearns Cos. executive has sued the firm for a $2 million bonus he says it owes him.
Embattled insurer American International Group Inc. said it has set aside and paid in part nearly $1.5 billion in retention and performance-related bonuses to its employees, a higher amount than previously disclosed.
I am an employee of AIG. Well, actually, now I am an employee of AIU Holdings Inc., a wholly owned subsidiary of AIG. To answer questions that I am repeatedly asked by everyone, I work 9 to 5 everyday, I am not in the Financial Products division, and no, I didn't get a bonus.
For a while, the disappearance of an executive bonus restriction from last month's economic stimulus looked like sleight of hand worthy of a Las Vegas stage. No one could explain how the provision faded into thin air.
For the first time since last fall's election, Democrats and the Obama administration are backpedaling furiously on an issue easily understood by financially strapped taxpayers: $165 million in bonuses paid out at bailed-out AIG.
A Wall Street firm loses billions of dollars, nearly destroying its business and crippling the nation's economy. But top executives still receive huge bonuses?
General Electric Co. said Wednesday that Chairman and Chief Executive Jeffrey Immelt will forgo a 2008 bonus and performance awards worth millions of dollars after the company's earnings fell last year and its stock price plunged amid a deteriorating economy.
An Alabama sheriff imprisoned after admitting he legally pocketed about $210,000 from his jail kitchen while providing skimpy meals to inmates agreed to give up future profits from the operation, a judge said Friday.
Credit Suisse Group said Thursday it is changing its bonus system to transfer $5 billion in questionable assets to top managers.
Minutes after receiving a $285,000 salary bonus, the University of Florida president announced that he will donate the money to the university.
If I am laid off, will I get paid for accrued vacation time? What about the expenses I put on my personal credit card for a company business trip? Is my employer required by law to give me notice of a mass layoff?
Even though employees at the Peer Bearing Co. no longer work for the Spungen family that recently sold the Waukegan-based ball bearings maker, they still received a turkey each this Thanksgiving in keeping with tradition.
New York Attorney General Andrew Cuomo on Tuesday asked troubled insurance giant American International Group to reveal whether it intends to give bonuses or raises to its executives this year.
Former UBS AG Chief Executive Peter Wuffli has renounced 12 million Swiss francs ($10.2 million) in payments he was to receive under his contract when Switzerland's largest bank fired him as the subprime crisis began, the bank said Sunday.
Michael Phelps will put his $1 million bonus to good use, announcing plans to start a foundation promoting water safety and youth swimming. Joe Gromek, president and CEO of Warnaco, Speedo's U.S. parent company, presented a check to Phelps on NBC's "Today" show Tuesday.
Oklahoma officials say a typo resulted in a state employee receiving a bonus of $850,000 — but it was only temporary.
Back in the day of chain gangs, Alabama passed a law that gave sheriffs $1.75 a day to feed each prisoner in their jails, and the sheriffs got to pocket anything that was left over. More than 80 years later, most Alabama counties still operate under this system, with the same $1.75-a-day allowance, and some sheriffs are actually making money on top of their salaries.
The NFL is asking federal court to vacate a judge's ruling allowing suspended quarterback Michael Vick to keep $16.5 million in bonuses.
Jailed quarterback Michael Vick can keep all but $3.75 million of the nearly $20 million in bonus money he received from the Atlanta Falcons following a ruling Monday by a federal judge. The Falcons sought to recover the bonuses after Vick pleaded guilty to federal charges in a dogfighting operation. The bonuses were paid from 2004-07.
Not all chief executives at the nation's largest investment banks will receive a lump of coal instead of their typical millions of dollars in holiday bonuses this Christmas.
"Deeply disappointing" fourth-quarter writedowns have Morgan Stanley Chief Executive John Mack bypassing his year-end bonus — and he is unlikely to be the only Wall Street CEO giving up tens of millions of dollars in holiday money.
A soldier whose injuries in Iraq forced him to leave the military early "inadvertently" received a letter from the Army asking him to repay a portion of his sign-up bonus, the military said.
Michael Vick has already paid a heavy price for his role in a gruesome dogfighting ring: a brilliant career on hold, the possibility of prison time, the loss of lucrative endorsement deals.
Some Wall St. Bonuses May Hit Pre-Crisis Highs - DealBook Blog - NYTimes.comNow is the time of year when a Wall Streeter's fancy turns to thoughts of bonuses.
Susan Boyle to launch album on QVC with special performance Nov. 4Susan Boyle's debut album, I Dreamed A Dream, will launch on QVC Wednesday, November 4. The album will be available for sale on the shopping channel weeks before its official release on November 23.
FT.com / Columnists / John Gapper - Goldman should be allowed to failAs profits rise for some banks, the need for a discussion about "narrow banking" seems to diminish quickly. Bonuses are rising again, but so will the resentment about that.
Bailed-Out Banks Raking In Big ProfitsThe nation's largest banks, preserved from failure by federal aid and romping in markets revived by federal aid, are racking up vast profits even as the broader economy struggles to emerge from recession.
Goldman Sachs 2009 bonuses to double 2008's; $23 billion could send 460,000 to Harvard, buy insurance for 1.7 million familiesYesterday, we brought you the insurance company that wouldn't insure a 17-pound infant because he was too heavy. Today, we bring you the investment bank that manages to double its bonuses during the worst recession since the Great Depression.
Croatian thief returns stolen money and says he´s sorryA Croat thief has handed back his loot to his victims and given them a 300-Euro bonus. Alfred and Erika W., a retired married couple from Vienna, were robbed of 850 Euros after stopping at a motorway rest station on their way to Croatia in June.
So You Just Squandered Billions . . . Take Another Whack at It You've probably never heard of Jay Levine, Chris Ricciardi, John Costas or Stanford Kurland, but they are charter members of Wall Street's Mulligan Club.
An end to dizzying payExcessive pay at the top encourages massive risk-taking. We need a High Pay Commission to limit casino capitalism
2008: 7 of 10 top paid US CEO's are from oil & gas companiesThe study ranks CEOs on "total realized compensation," which includes cash pay and bonus, perks, plus the value of stock options exercised and the vesting of restricted shares, Ruel said.
Citigroup's Hall may get his bonus (Dealscape - Crisis On Wall Street)It looks like Citigroup Inc.'s (NYSE:C) Andrew Hall, who heads its profitable Phibro commodity trading unit, might get his $100 million bonus after all.
Spitzer Says Banks Made a "Bloody Fortune" on U.S. Aid Eliot Spitzer, the former New York governor and attorney general, said U.S. banks made a "bloody fortune" while receiving taxpayer money without a proven benefit to the wider economy.
Goldman Sachs bankers in line for record bonuses - TelegraphNo comment, just disgust and loathing.
With Bonuses Slim, Citigroup Plans to Raise Salaries - DealBook Blog - NYTimes.comAfter all those losses and bailouts, rank-and-file employees of Citigroup are getting some good news: their salaries are going up, The New York Times's Eric Dash reports.
AIG Reveals It Paid $454 Million in 2008 Bonuses - Financials * US * News * Story - CNBC.comStill more AIG bonus money for 2008
Union anger at Virgin Media bosses' bonuses after jobs cull After a hoped-for sale fell through in 2007, Virgin Media, which was created from a merger of the former NTL and Sir Richard Branson's Virgin Mobile, has been seeking to re-establish itself as a major rival to players such as BT, the telecoms group, and BSkyB, the satellite bro …
Sen Chris Dodd's Constituents Blame Him For the AIG Bonuses... And It May Cost Him His Senate Seat In 2010Connecticut Sen. Christopher Dodd trails former U.S. Rep.
Lawmakers Have Long Rewarded Their Aides With Bonuses WASHINGTON -- While Congress has been flaying companies for giving out bonuses while on the government dole, lawmakers have a longstanding tradition of rewarding their own employees with extra cash -- also courtesy of taxpayers.
Merrill Lynch's Bonuses 22 Times The Size Of AIG's - Represent More Than 1/3 of Company's TARP FundsDennis Kucinich sent out a round of letters to top Treasury officials Monday morning, questioning how much they knew about bonuses paid to Merrill Lynch executives that totaled $3.62 billion, nearly 22 times the total bonuses paid to AIG executives.
Another Reality Show For VH1'S 'New York'Tiffany "New York" Pollard, introduced to VH1 viewers several years ago as a contestant on dating show "Flavor of Love," will begin her fourth reality series for the network in May.
S.C. Social Security Recipients Get Extra $250 Check"These are checks that will make a big difference in the lives of older Americans and people with disabilities — many of whom have been hit especially hard by the economic crisis that has swept across the country," Biden said.
Those Drawing Social Security Slated to Receive $250 StimulusIf you draw social security or supplemental security, you can expect a $250 boost in May. The US government has approved the stimulus payment to retirees and disabled citizens of America.
Two months on: The class agenda of the Obama administrationOver the past two months, culminating in the events of the past week, the Obama administration has single-mindedly worked to win the confidence of Wall Street.
Thomas Frank: The 'Populists' Are Right About Wall Street -- What's wrong with well-directed anger?How has a popular Democratic president with a convincing electoral mandate failed to translate the opportunities of recent events into the "change" for which voters clamored? What kind of miscalculation allowed his administration to stir up such a wave of populist fury in such a …
New York Times publishes "persecuted" AIG executive's resignation letterThe Wednesday New York Times published an "open letter" of resignation by one of the American International Group (AIG) executives who had recently received a huge bonus ("Dear A.I.G., I Quit!").
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