Volkswagen May Buy Back, Replace Emissions-Cheating Diesels In U.S.

Volkswagen May Buy Back, Replace Emissions-Cheating Diesels In U.S.

While owners of Volkswagen’s emission-cheating vehicles in the U.S. continue to wait for news on how the company plans to fix their cars, one lawyer working for the automaker says he’s preparing a generous compensation package for affected consumers.  [More]

Pay Czar Cuts Exec Pay 15% At AIG, GM And Others

Pay Czar Cuts Exec Pay 15% At AIG, GM And Others

Kenneth Feinberg, better known as the Obama administration’s pay czar, announced yesterday that he’d cut salaries on top executives at 5 companies that are still using bailout cash. [More]

Union: Don't Let BofA CEO Keep Ginormous Pension

Union: Don't Let BofA CEO Keep Ginormous Pension

Outgoing Bank of America CEO Ken Lewis looked like he had a pretty sweet deal, with the $53 million pension he’s due to get when he walks. Hold on, says one union, in a letter to White House “pay czar” Kenneth Feinberg: “The American people are counting on you to reform the reckless culture of Wall Street that allows bank executives to drive our economy into the ground and walk away with millions.”