Alexander Reed Kelly / TruthdigDec 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. Dig deeper ( 1 Min. Read )
Staff / TruthdigJan 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. Dig deeper ( 1 Min. Read )
Staff / TruthdigSep 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. Dig deeper ( 1 Min. Read )
Staff / TruthdigApr 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 . Dig deeper ( 1 Min. Read )
Staff / TruthdigFeb 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. Dig deeper ( 1 Min. Read )
Staff / TruthdigDec 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 . Dig deeper ( 1 Min. Read )
Andy Borowitz / TruthdigDec 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. Dig deeper ( 2 Min. Read )
Staff / TruthdigOct 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. Dig deeper ( 1 Min. Read )
BLANKJul 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. Dig deeper ( 1 Min. Read )
Staff / TruthdigJul 1, 2010
Looks like banking executives in EU member nations will have to settle for slightly less ginormous bonuses in the coming year, once the European Parliament puts its official stamp on an agreement to limit banking bonuses and severance packages. Dig deeper ( 1 Min. Read )
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