CEO Pay Rose at Twice the Rate of Workers
Dec 7, 2014 Experts suggest there's no better time to be a top-level corporate executive as the median income of CEOs of S&P 500 companies reached $10.1 million at the end of 2013.
NYC: Where Bonuses Rise, and The Working Poor Still End Up Homeless
Mar 15, 2014 Bonuses on Wall Street jumped 15 percent in 2013, while record numbers of New Yorkers poured into homeless shelters.
Obama’s New Chief of Staff Hails From Wall Street
Jan 10, 2012 Jack Lew is a liberal who worked for Speaker Tip O'Neill and studied under beloved progressive Sen Paul Wellstone, but he was also the chief operating officer of a Citigroup unit and doesn't fault deregulation for the shoddy economy (more)Jack Lew is a liberal who worked for Speaker Tip O'Neill and studied under beloved progressive Sen.
UAW Reaches Contract Agreement With GM
Sep 18, 2011 The United Auto Workers and GM announced late Friday that after more than seven weeks of negotiations the two had agreed on a four-year contract that included new jobs, improved profit-sharing and better health care benefits.
What Oil Spill? Transocean Hands Out Bonuses for Best Safety Year Ever
Apr 4, 2011 Even Wall Street executives have to be smacking their heads over this one The company that ran the Deepwater Horizon oil rig (before it exploded, killing 11 and filling the Gulf of Mexico with oil) has decided to give its executives bonuses for achieving "the best year in safety performance in our company's history" There are no words .
Cash Bonuses Down, Compensation Up on Wall Street
Feb 24, 2011 Big banking execs on Wall Street might have noticed a slight pinch in their cash bonuses last year, but that doesn't mean those clever business minds didn't find a way to make up for it through other financial channels.
Banking Regulation Team Pitches New Payment Rules
Dec 28, 2010 An international panel of banking regulators from 27 nations is aiming to crack down on outlandish pay packages for industry executives by proposing a new set of rules that call for more transparency and, wonder of wonders, some correlation between .Goldman’s Massive Bonuses ‘Totally Deserved,’ Says Satan
Dec 27, 2010 The gargantuan year-end bonuses paid out to Goldman Sachs executives have received howls of protests from the banking giant's legion of critics, but not from its most ardent defender: Satan.
Ecuador in State of Emergency
Oct 1, 2010 Add Ecuador to the list of countries whose people are letting their governments know that they're not having the "austerity measures" officials are attempting to enact.Rebuke but No Consequences for Post-Bailout Bonuses
Jul 24, 2010 Sticks and stones and all that: U.S. bankers are probably glad today that, as the childhood rhyme claims, "words can never hurt me," since the Obama administration’s so-called pay czar has decided to criticize them for paying out $1.6 billion in extra payments to top execs after they received federal bailout funds -- but not seek any punishment.
