Lewis' Retirement Pay Is More Than That of Several Other Bank CEOs Combined; Will Pay Czar Feinberg Limit It?
Warren Buffett says it's only when the tide goes out that you learn who's been swimming naked. If that's the case, investors should keep their children away from the beach this proxy season, because the tide went way, way out for Corporate America in 2007, exposing all sorts of embarrassing details
The bloodletting in the c-suite started in 2007. It still hasn't stopped. Another year goes by and more chief executives get the ax--probably more than in any previous year. People shook their heads when Charles Prince III at Citigroup and Stanley O'Neal at Merrill Lynch got the boot in 2007. Now
Ex-Washington Mutual Risk Manager: Execs 'Took the Brakes Off and Drove Over a Cliff'
The draft of the government's controversial $700 billion financial rescue plan released Sunday makes it clear that CEOs of firms seeking the bailout are about to have their pay packages capped. The proposal seeks to rein in compensation at participating companies by limiting their tax deduction on
Robert Willumstad Opted Out of His AIG Severance Package; Will Other Financial Executives Do the Same?
As investment bank Lehman Brothers fights for its survival, some wonder whether the U.S. mortgage crisis will take down another major financial institution: Washington Mutual. WaMu "is the next most likely candidate to have major issues and run into a Lehman-type situation," said Jaime Peters, an
Rumors Abound That the Troubled Bank Will Sell Itself After Losing $5 Billion in Customer Deposits