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23 Jul 2010 14:29

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Biz: Kenneth Feinberg: Wall Street gave out a lot of ill-timed bonuses

  • 17 number of firms that made “ill-advised” executive payments during a bailout period
  • $1.6B the amount these firms reportedly paid in the late 2008 and early 2009 periods
  • no pay czar Kenneth Feinberg won’t ask for it back; it’ll open up a can of worms source
Posted by Ernie Smith • 0 Comments • Permalink

11 Dec 2009 12:41

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Biz: White House Pay Czar to execs: Tighten your belts

Posted by Ernie Smith • 0 Comments • Permalink

21 Oct 2009 21:51

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Biz: Obama’s pay czar: Pretty unpopular around Wall Street right now

  • 90% of the salaries of highly-paid executives at bailed-out companies will be taken away by pay czar Kenneth Feinberg
  • $200,000 the pay cap set on the incomes of executives at AIG’s financial products unit, which largely caused the financial crisis source
Posted by Ernie Smith • 0 Comments • Permalink

16 Oct 2009 10:57

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Biz: Bank of America CEO Ken Lewis is retiring without his 2009 salary

  • $1.5 million the amount Lewis was supposed to take home before the White House’s pay czar Kenneth Feinberg took it away
  • $69.3 million the amount Lewis will take home with his retirement plan – Feinberg says it’s too much, but he can’t touch it source
Posted by Ernie Smith • 0 Comments • Permalink

17 Aug 2009 10:44

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Biz, U.S.: Obama’s pay czar will take back executive pay if he has to

  • Whether I have jurisdiction to decide his compensation or not, we will take a look and decide over the next few weeks.
  • Obama pay czar Kenneth Feinberg • On what he’s considering doing to companies that have been slow to pay back money from the TARP program. Those companies include some of the government’s favorite targets: Citi, AIG, Bank of America, Chrysler Financial, Chrysler, General Motors and GMAC. Basically, two of the country’s biggest banks and the two auto companies that we bailed out. • source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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