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executive pay
by leon on March 1, 2010
It's hard to go past this remarkable story in The Independent about how British bankers wanted to rein in runaway executive pay but how their plans were quashed by their American counterparts w...
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executive pay
by leon on February 6, 2010
Those US bankers just don't get it. Goldman Sachs has stunned everyone by giving its chief executive Lloyd Blankfein a $9 million year end bonus. It's no cash, just stock. But with the Gold...
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executive pay
by leon on January 3, 2010
We've all heard the arguments justifying soaring CEO pay. They say it's all about motivating, recruiting and retaining talented executives. Otherwise they will go elsewhere.A new study Perf...
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executive pay
by leon on December 15, 2009
Cleaners are more valuable to society than bankers, advertising executives and accountants.The British study from the New Economics Foundation found that for every pound or dollar that they earned,...
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executive pay
by leon on November 9, 2009
Hard to go past this interview with Goldman Sachs boss Lloyd Blankfein in The Times where he claims bankers are doing "God's work"."We’re very important," Blankfein says. "We help companies to gro...
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executive pay
by leon on November 2, 2009
Some things never change. Around the world, politicians and voters are furious about the massive payouts and bonuses for bankers. But no matter what controls are put in by the G20 and governments,...
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executive pay
by leon on October 23, 2009
How heartening to read the report in the Detroit Free Press that executives at General Motors and Chrysler will get pay cuts of up to 25%. Just to make sure the bailouts aren't feathering the nes...
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executive pay
by leon on October 21, 2009
Like pigs at a trough, the US banks were wallowing in US government bailout but at the same time, they were handing out perks to their executives that had taken them to the brink of disaster. Whil...
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executive pay
by leon on October 21, 2009
While banks have been castigated for their excessive pay levels, the pay gap between the so-called Wall Street superstars and ordinary wage earners is the elephant in the room. Some shocking revel...
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executive pay
by leon on October 14, 2009
Questions really need to be raised about long term deferred pay structure with reports that ex-Lehman bankers are claiming over $US100 million in lost deferred compensation from the administrators o...
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executive pay
by leon on October 11, 2009
Yes, the global financial crisis has reduced the amount of global wealth by 11.8%. In the United States, wealth has shrunk by 21.8% to US$29.3 trillion compared to 2007. But the picture is a lot m...
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executive pay
by leon on September 28, 2009
While the rest of the country suffers with more people losing their jobs, share prices tanking and companies going bust, US CEOs continue to clean up. The recession has not really affected their pay...
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executive pay
by leon on July 23, 2009
Never stand between a banker and a bag of money. Despite their massive losses, bankers are still raking in enormous bonuses.The Guardian reports that the House of Mack, Morgan Stanley has set aside $...
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executive pay
by leon on June 22, 2009
It's hard to believe but bankers are now raking in enormous bonuses despite the global financial crisis.The Financial Times reports that Merrill Lynch, UBS and Citigroup are actually cranking up ...
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executive pay
by leon on June 11, 2009
Despite unemployment in the US reaching 9.4% and foreclosure rates topping 300,000, as reported by Bloomberg, it's heartening to see some things don't change. Pay perks for chief executive of...
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executive pay
by leon on May 22, 2009
With the market tanking, it might be a time for many companies to consider switching back to options to reward executives. Unless you think the market will collapse again, options could turn out to b...
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executive pay
by leon on April 26, 2009
The banks are imploding but that hasn't stopped the bankers raking in massive bonuses. Just what they're being rewarded for is anyone's guess.The New York Times reports that six of the bi...
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executive pay
by leon on April 4, 2009
Don't for a second think that the fat cats on Wall Street are doing it tough.The Wall Street Journal tells us that the pay of the people who have brought America to its knees has gone done 3.4% t...
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executive pay
by leon on March 18, 2009
With shareholders up in arms about massive pay packages, it's worth looking at two interesting proposals.The first comes from corporate governance watchdog Regnan which has recommended capping &q...
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executive pay
by leon on January 30, 2009
The recession has not hurt the bankers. Not one bit. The New York Times reports that despite all the losses and taxpayer-funded bailouts, financial companies in New York collected an estimated $18.4 ...
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executive pay
by leon on November 26, 2008
Is the ground shifting on soaring executive pay? With markets imploding and people losing their jobs, are politicians finally drawing a line in the sand.President-elect Barack Obama has slammed "...
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executive pay
by leon on October 22, 2008
Brother, can you spare a yacht. Times must be getting really tough with billionaire Carl Icahn planning to sell his 177 foot yacht for a cool $37 million.Cityfile provides us with the brochure showin...
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executive pay
, Information About
by leon on September 22, 2008
Bonuses paid to Lehman executives are at risk, lawyers say.So $5.7 billion worth of bonuses were paid a year before Lehman Brothers filed for the biggest bankruptcy in history. And that raises the qu...
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executive pay
by leon on August 26, 2008
US taxpayers are subsidizing CEO salaries by more than $20 billion a year through tax and accounting loopholes, according to a report by the Institute of Policy Studies. That is more than double what...
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executive pay
by leon on August 22, 2008
It has not been a great year for Merrill Lynch with New York State Attorney General Andrew Cuomo moving to sue the firm for allegedly misleading investors over auction rate securities. Things are so ...
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executive pay
by leon on May 19, 2008
Soaring executive pay is shaping up as a major political issue. US share prices might have fallen but executive compensation has continued to rise with the average chief executive now making more tha...
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executive pay
by leon on May 10, 2008
Why does the boss rake in obscene amounts of money while the rest of us toil for what feels like little reward? Apparently it's for your own good.That's the line of economists when they expla...
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executive pay
by leon on April 29, 2008
Investor activists are making the most of the push for "say on pay" proposals, where they get an annual, non-binding vote on the compensation of top executives, with more than 90 U.S. compa...
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executive pay
by leon on April 2, 2008
Absolutely disgusting! Chief executive officers, the group representing the most spoiled and richest section of society, are getting tax gross-ups.A Corporate Library study found that one in five US ...
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executive pay
by leon on March 2, 2008
Directors and institutional investors don't agree on whether the executive pay system has produced better performance. But they do agree on one key point: it's resulted in CEOs getting paid t...
