Consumerist
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wall street bailout
Banking Bailout Party: New Details Emerge
The New York Times has details about the new bailout plan Treasury Secretary Tim Geithner is scheduled to talk about later today. Here's a rundown of what's on the menu: More » -
bailouts
Gee, How Much Does A Bailed Out Executive Make, Anyway?
The New York Times is reporting that the Obama administration announced a $500,000 pay cap that prohibits bonuses for any companies that take additional taxpayer assistance. More » -
The New York Times has an article discussing Congressional proposals to limit executive pay. Although the financial industry may deserve a pay cap, the author argues, other industries would be harmed by a cap.
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nonwealthy americans
Treasury Says It Will Agree To Cap Wall Street Executive Pay
One of the major sticking points of the inevitable Wall Street bailout was executive pay — but the New York Times says that Treasury Secretary and former CEO of Goldman Sachs, Henry M. Paulson Jr., has agreed to compensation caps for the executives of firms that benefit from the bailout. More » -
Bank of America announced it would be cutting bonuses for top company executives this year. They must have realized you shouldn't not reward someone for losing tons of money. [NYT]
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executive compensation
Shareholders To Decide If Verizon CEO Ivan Seidenberg Deserves $21 Million
Verizon will deign to consider an advisory vote on executive compensation from shareholders starting in 2009. Shareholders demanded the right to vote on executive pay at last year's annual meeting. Verizon CEO Ivan Seidenberg's salary increased 11% last year to $21,309,264. Seidenberg's salary has risen consistently, unlike Verizon's profits. More » -
executive pay
CEO Pay Up 298%, Average Worker's? 4.3% (1995-2005)
There's been a lot of ballyhoo lately about ballooning executive pay, so here's a look at how CEO incomes rose over the years in relation to Joe Blow's paycheck. More » -
sprint
Why Sprint Can't Fire Gary Forsee: A Known Bad Is Better Than An Unknown Worse
For Sprint, life with Gary might be bad, but who knows how much worse it could be without him? That's the rationale keeping the shareholders from replacing the CEO, asserts an internal Sprint source. More » -
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sprint
Sprint: No Bonuses This Year, Everyone's Gotta Buckle Down, Except For The Executives
Sprint employee bonuses this year were reduced to nearly zero, while executive pay remained untouched, according to an inside source. The demoralizing effect of this pay cut undoubtedly contributes to the cellphone company's substandard customer service. More »
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