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28 Feb 2010 10:39


Biz: HSBC’s CEO decides to give his massive bonus to charity

  • $6.1M the size of HSBC chief executive Michael Geoghegan’s bonus this year – four times his salary
  • 100% the amount he plans to give to charity after a row over bank bonuses source

11 Dec 2009 12:41


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

20 Nov 2009 10:58


Biz: Fortunately, not every CEO is a scrooge when it comes to jobs

  • If last year was the worst of it, we survived its best punch and are still fighting. With [businesses] like us, it’s not about the exact unemployment rate – it’s about how many people are worried about losing their jobs. And the latter has definitely come down.
  • Vail Resorts CEO Rob Katz • Describing his decision to completely kill his $840,000 salary in 2009 – and knock executive pay by 10% or more – to prevent major layoffs. Katz plans to slowly revert back once the recession dies down – except he’ll cut his only salary by 15%. Awesome. • source

16 Oct 2009 10:57


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

20 May 2009 09:00


U.S.: California has no remorse for state legislators and budget crises

  • no A statewide referendum vote on the struggle to kill the massive budget crisis in California ended up with only tears, as none of the first five pieces of legislation got over 41% of the vote.
  • but … However, the sixth piece of legislation did – unfortunately for state lawmakers, the legislation caps salaries of elected officials during years where the budget’s bad. Sucks for them. source

21 Jan 2009 10:20


Sports: Star MLB slugger Ryan Howard wants a big payday

  • $18 million, the amount Howard wants from the Phillies source