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Tennessee Valley Authority's top executives were told Thursday during a meeting in Kentucky not to expect performance bonuses this year because of a drop in electricity sales due to the poor economy and the massive coal ash spill at the Kingston plant in Tennessee.
Citigroup Inc. said its chief financial officer and co-head of global markets are getting raises, while CEO Vikram Pandit will continue to collect a salary of $1 per year.
The government's "pay czar" expects compensation plans for additional employees at the seven companies getting the biggest bailouts to be in place by year's end, while the Federal Reserve will soon start its own work on banks' pay practices.
Leaders in Total Compensation at Private Colleges, 2007-8. Source: IRS tax reports analyzed by the Chronicle of Higher Education.
The fast-growing group of millionaire private college and university presidents hit a new record in recent years, and it's likely more college leaders will make seven-figure salaries once the slumping economy rebounds.
General Motors Co. CEO Fritz Henderson said Wednesday that government-imposed cuts to his own salary, and the pay of other executives at seven companies that received taxpayer money, were "fair" and "thoughtful."
The Obama administration's "pay czar" who reduced pay for executives at seven major corporations doesn't want broader powers over the rest of the financial sector.
JPMorgan CEO Jamie Dimon said Tuesday his bank won't try to hire top performers at Citigroup and Bank of America, days after the government's "pay czar" slashed pay for the biggest earners at JPMorgan's troubled rivals.
It's the boldest idea yet to rein in Wall Street recklessness: Put the Federal Reserve in charge of policing not just the nation's banks, but also how much their employees are paid.
The government zeroed in on corporate excess and recklessness Thursday with deep, unprecedented cuts in executive compensation at companies living on taxpayer money and a move to wield veto power over pay policy at thousands of banks to limit risk-taking.
The 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.
The Obama administration's decision to cut the pay of top executives at companies on taxpayer life support will help quiet the popular outrage over excessive compensation. But it introduces a new concern: brain drain.
The Treasury Department on Thursday ordered seven companies that received billions of dollars in government bailouts to halve total compensation for their top executives. But the big reductions will not apply to pay earned before November.
The Treasury Department is ordering companies that received billions of dollars in government bailouts to halve total compensation for their top executives. But the big reductions will not apply to pay earned before November.
President Barack Obama says Americans' values are offended by excessive paychecks for executives whose companies were bailed out by taxpayers.
The chairman of the panel that oversees the $700 billion federal bailout fund said Thursday the Obama administration is insisting on slashing the salaries of executives of companies that took money from the government.
The Obama administration will order companies that received huge government bailouts last year to slash the salaries of their top executives by an average of 90 percent and cut their total compensation in half, a person familiar with the decision said Wednesday.
India's richest man announced he will voluntarily cap his compensation at 150 million rupees ($3.3 million) this year, saying he will get by on about a third of his take-home pay from the previous year.
Capping a year in which he faced shareholder fury, regulatory scrutiny and was stripped of his chairman post, outgoing Bank of America Corp. CEO Ken Lewis will get no salary or bonus for 2009 under an agreement with the government's pay czar.
Prudential Financial Inc. said Tuesday its board has approved giving shareholders an advisory vote on executive compensation, a so-called Say on Pay, that many companies have adopted in the face of criticism of soaring executive pay.
Utah Symphony musicians say they'll give up a pay increase, a few weeks of salary and some benefits to help their employer through difficult economic times.
China plans to link the pay of bankers to risks taken by their institutions but has no plans for salary caps, a government spokeswoman said Friday.
General Motors Co. has rescinded white-collar pay cuts it made last spring as it desperately tried to conserve cash and avoid filing for bankruptcy protection.
President Barack Obama notified Congress on Monday he is reducing pay increases for federal workers from 2.4 percent to 2 percent.
Chase Lost My Paycheck, Won t Pay Canceled Check FeeKaty is a poster child for the benefits of direct deposit, as well as deposit receipt-keeping.
Lawsuit: Beer maker pays women lessST. LOUIS - A former Anheuser-Busch executive who was the company's top-ranking woman has sued the brewer claiming it encourages a "frat party'' atmosphere and pays women less in salary and bonuses than men.
Jobs With The Highest Stress For The Lowest PayAre you feeling underworked and overpaid? You very well may be, compared to people in the top 15 most stressful, lowest-paying careers, according to Payscale.com.
7,000 Americans Run Out of Unemployment Benefits Every DayAnother day, another 7,000 people run out of unemployment benefits. One month after the House passed a bill extending unemployment benefits, the issue is still being debated in the Senate.
U.S. to Order Pay Cuts at 7 Companies With Bailout Aid WASHINGTON — Responding to the furor over executive pay at companies bailed out with taxpayer money, the Obama administration will order the firms that received the most aid to slash compensation to their highest-paid employees, an official involved in the decision said on Wedn …
Police: Beer thief returns an hour later to payA man stole beer from a Phoenix Circle K early Sunday morning and returned an hour later to pay for it, police said.
Alwayswriteagain: Why Postman Pat Has Fallen FlatPerhaps I should not be penning this piece as my lovely next-door neighbours have senior positions at the Royal Mail Delivery Office in Wellington Street, Bury.
Survey Ranks the 10 Best Jobs in AmericaIn the midst of the worst job market in three decades, you might think the only thing people care about when it comes to their career is having a job and keeping it.
Freddie Mac hands out big bonus to new CFO | footnoted.orgFreddie Mac is still living off of the taxpayers, yet they were able to hire a new CEO with a tremendous package (that they tried to downplay): $3.5 million/year plus a $2 million signing bonus, buyout of his house(s), and reimbursement for his travel between Washington DC and hi …
Yes, when time is needed to reflect there is nothing better than losing your jovb to be able to refect and think about you your life, family, fiend, goals, dreams, fears (what fears, yeah those), everything that might come up into your mind.
Forecasts that the Social Security system will for the first time since the 1980's pay out more then it receives will no doubt send Republican leaders sprinting for the nearest microphone in an effort to hoist blame upon the President's shoulders.
Surprising Jobs that Pay $25 an HourCareer websites typically compile a listing of jobs that pay $25 an hour. The list of professions -- and the career training you need to pass the muster of recruiters -- can be daunting.
Do American doctors get paid too much? Physician Pay:Omission and Error-A Physician's Point of ViewMr Beam is incomplete in his his analysis. In response, I have corrected 2 items.
Federal Pay Continues Rapid AscentThe Bureau of Economic Analysis has released its annual data on compensation levels by industry. The data show that the pay advantage enjoyed by federal civilian workers over private-sector workers continues to expand.
First family to vacation on Mass. island - Yahoo! News on Yahoo! NewsGreat, Americans can't pay a house payment,the cars are being lost and no health insurance and the King goes on vacation while the of us wonder if we can heat and eat this year.
An end to dizzying payExcessive pay at the top encourages massive risk-taking. We need a High Pay Commission to limit casino capitalism
High Pay Attracts Wrong Type of MPTory backbenchers are lining up behind Duncan's claim that parliament will not be able to attract candidates of the "right calibre". Complete bull@!$%# – this is a self-serving and fallacious argument.
More compelling explanations for HBCU-TWI salary disparities"According to the article, "Study: HBCU Graduates Earn Less Than Black Graduates of Traditionally White Institutions" (see Diverse, May 17), the economic gains of Blacks who attended historically Black institutions as opposed to Blacks who attended traditionally White institution …
The Challenge Of User-Generated PornYouTube-like pornography sites have YouTube-like profit problems.
Executives Receive One-Third of All Pay in the U.S. Between 1979 and 2006, the inflation-adjusted after-tax income of the richest 1 percent of households increased by 256 percent.
Let's enjoy our communities now and celebrate what they have to offer!Although there will be bumps along the way our Economy has stabilized. Consequently, enjoy a treat now and buy something for you and/or your family today.
Big media seek 21st century business modelsWith difficult credit markets and an unclear future, talk of dealmaking has been at a minimum this year. Yet there has never been a more important time for media conglomerates and their financiers to act and adapt to the Internet age.
Are You Happy With The Results Of The Stimulus Thus Far?In order for the US economy to thrive we have to immediately do two things which we are currently not doing: 1) Convince the Global Market that our commercial paper offered by Wall Street is sound and has value.
Democrats Sell Out McArthur's Bakery In St. LouisBusiness in America just want a level plating field.
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