Business Takeout: No End to Wall St. Bonuses in Sight
There seems to be no end to the lavish bonuses that Wall St. firms – even previously struggling firms – continue handing out to their top employees. Even Merrill Lynch executives stand to make millions...
View ArticleWhite House to Curb Executive Pay at Bailed-Out Banks
According to Bloomberg News, Wall Street bonuses are on track to increase by 40 percent this year. But as our partner The New York Times reports, the Obama administration will order the companies that...
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Bank Bonus Week Begins
Main Street may be fed up with Wall Street's apparent gluttony, but banks are once again awarding huge bonuses. The nation's biggest banks, including Goldman Sachs and Citigroup, are expected to pay...
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Big Banks Defend Bonus Payouts
In Washington, top bank executives are defending their bonus and compensation practices today in front of a special commission investigating the 2008 financial collapse.The Associated Press reports...
View ArticleTakeouts: Bank Profits Up, Athletes with Haitian Family, Listeners
MONEY TAKEOUT: A handful of Wall Street banks announce their earnings this week, and profits are expected to be sharply up. New York Times finance reporter Louise Story takes a look at compensation...
View ArticlePay Czar Talks Pay Cuts for Top Executives
At companies deemed too big to fail, there's a delicate balance to be found between paying enough to retain talented staff and soothing public anger about big taxpayer bailouts. "Pay Czar" Kenneth...
View ArticleCaught in Red Tape, Gulf Coast Claims Should Soon Be Addressed
Over 130,000 people have filed for damages due to the Gulf Oil Spill. They include shrimpers, realtors, deckhands, rig workers, restaurant owners and fish distributors from every Gulf State, and seven...
View ArticleBP Investigating Potentially Bogus Compensation Claims
BP has pledged to give $20 billion in compensation to victims of the devastating Deepwater Horizon oil gusher. So far, $300 million has been distributed, but many are concerned that some portion of...
View ArticleKenneth Feinberg on BP's Claims System
BP has already paid out more than $300 million to businesses and individuals affected by the oil, which started gushing into the Gulf of Mexico on Apirl 20, but the company's claims system has been...
View ArticleRanking the Fifteen Top-Paid Non-Profit CEOs
There is big money in running America’s big non-profits.Zarin Mehta, chief executive of the New York Philharmonic, is the most highly compensated top executive in the charity and non-profit sector,...
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Tax Returns Show Guggenheim Spends Big on Executive Compensation
It’s no secret that New York arts institutions have been hit hard by recent economic times. And if you're inclined to do a little digging, disclosure laws regulating non-profits make it possible to...
View ArticleExecutive's $15 Million Pay Package Denied by Citigroup Shareholders
Citigroup shareholders have voted down the bank's $15 million pay package for its chief executive, Vikram Pandit. It's the first time that stock owners have united in opposition to outsized...
View ArticleFeds: NYC Shortchanging NYPD Officers Who Serve in the Military
Federal prosecutors are suing the city and the NYPD, claiming police officers who took leave for military service are being shortchanged on their pensions.Manhattan U.S. Attorney Preet Bharara said the...
View ArticleNew Rule Aims to Shine Light on CEO Salaries
Click on the audio player above to hear this story.$156 million, $111 million, $88.5 million—those are the 2014 salaries of the three highest paid CEOs in the U.S.And those salaries are higher than...
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This company raised minimum wage to $70,000 — and it helped business
Watch Video | Listen to the AudioRECEPTIONIST: Gravity Payments, this is Korinne.JOHN LARSON: About a year-and-a-half ago, life changed for the 100 employees of Gravity Payments in Seattle when their...
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Medicare unveils far-reaching overhaul of doctors’ pay
Medicare is overhauling its compensation of doctors and other clinicians. File photo by Getty ImagesWASHINGTON — Medicare on Friday unveiled a far-reaching overhaul of how it compensates doctors and...
View ArticleBringing Vaccines to Court
Anna Kirkland, professor and associate professor of women’s studies and political science at the University of Michigan and author of Vaccine Court: The Law and Politics of Injury (NYU Press, 2016),...
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