Kenneth Feinberg

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Latest blogosphere posts tagged “Kenneth Feinberg”

• Pay czar may cave after AIG execs threaten to quit

  
  BloggingStocks — Authority: 668
  Filed under: Employees , Amer Intl Group (AIG) , Politics , Financial Crisis During the past year, theres been no shortage of discussion about executive pay at American International Group ( AIG ) -- and the deluge continues. CEO Robert Benmosche reportedly threatened to walk last month over frustrations with ...
  1 day ago

• Five AIG execs say may quit over pay

  
  Mountain Sage — Authority: 135
  Threat or promise?  Here’s some advice to AIG’s executives…..don’t let the door hit you in the butt on the way out.   I doubt I’m the only American who is sick of the threats from business executives when they don’t get their way. A week after the first bailout, execs went to the St. Regis Resort in ...
  2 days ago

• Muckety mover - Wobblies have an opportunity at AIG

  
  Muckety.com - Exploring the paths of power and influence — Authority: 424
  Maybe AIG executives should unionize.
  2 days ago

• British bankers behaving badly: Money men of London looking for a thrill

  
  DailyFinance — Authority: 789
  Filed under: Economy , People , Investing , Media While politicians and diplomats often talk about our "special relationship," the truth is that America and Great Britain have always had a healthy level of competition. Whether the battleground of choice is classic rock (Elvis vs. the Beatles), geek heartthrobs ...
  6 days ago

• Citigroup CEO Vikram Pandit to rake in $1 salary

  
  BloggingStocks — Authority: 668
  Filed under: Management , Employees , Citigroup Inc. (C) A few lucky executives at Citigroup ( C ) received base pay raises this year, but CEO Vikram Pandit isnt among them. The bank announced that it will compensate Pandit exactly $1 for his services, with no stock salary. Last year, the chief executive ...
  3 weeks ago

• Vikran Pandit stays at Citi with $1 annual salary

  
  Thaindian News — Authority: 728
  By Arun KumarWashington, Nov 18 (IANS) Banking giant Citigroup’s Indian-American Chief Executive Vikram Pandit will continue to work for an annual salary of $1 even as the group raised the annual base salary for two of its executives.Pandit who in January voluntarily agreed to accept $1 per year until the bank ...
  3 weeks ago

• Pay Czar Kenneth Feinberg to slash executive compensation; is action ethical — or constitutional?

  
  Motivational Speaker - Chuck Gallagher Business Ethics and Choices Expert — Authority: 104
  Recently, “Pay Czar” Kenneth Feinberg slashed compensation for executives at seven large financial firms (all TARP recipients) by an average of 50 percent — and he’s not backing down . That move has set off heated argument over economic theory. Lost in the shuffle is a more basic question: Is Feinberg’s ...
  3 weeks ago

• Pay Czar Ken Feinberg: No change in the compensation crackdown

  
  DailyFinance — Authority: 789
  Filed under: Economy , American International Group, INC. , Bank of America , Citigroup Kenneth Feinberg, the federal governments so-called pay czar, today denied media speculation that he was considering backing away from his decisions to slash compensation for top Wall Street executives at companies that ...
  3 weeks ago

• Former auto task force chief calls GM one of worst-run companies ever

  
  BloggingStocks — Authority: 668
  Filed under: Management , General Motors (GM) Speaking at Bloomberg Washington Summit Friday , Steven Rattner, the former head of the governments auto task force, wasnt exactly in the mood for pulling punches. Referring to his time overseeing the government involvement in the auto industry, he said that "They ...
  3 weeks ago

• Pay Czar Removes Salary Cap for GM’s New Hires; Who Is GM’s $500k Man?

  
  Car Reviews & Car Buying Blog — Authority: 165
  Automotive News [sub] reports that President Obama’s Pay Czar has done an about face. Kenneth Feinberg pledged to remove the $500,000 salary cap for NEW executives hired for TARP-recipients—if he’s convinced that a rule-busting pay boost would help the bailout queens return U.S. taxpayer’s money. Feinberg’s ...
  3 weeks ago

• Fed Bail Out of Michigan Football

  
  Blogs — Authority: 162
  Although the University of Michigan Wolverine football team is in last place in the Big Ten, fans should stop worrying. Athletic Director Bill Martin has placed a call to the White House and arranged for a bailout. Here are the details: 1. With a zero percent loan from the Federal Reserve, The University of Michigan ...
  3 weeks ago

• AIG CEO Benmosche Threatens Resignation

  
  Wall Street Pit — Authority: 638
  Despite the impression that American International Group (AIG) was finally sailing into calmer seas as a result of a Moody’s report that suggested the giant insurer has a chance to repay the $87 billion it owes taxpayers, the reality is AIG’s situation in the era of government bailouts...
  4 weeks ago

• Murdoch dishes on Fox News feuds with White House, MSNBC

  
  DailyFinance — Authority: 789
  Filed under: News Corp. Rupert Murdoch wants everyone to know that Fox News doesnt start playground fights -- but its not afraid of them, either. On a conference call to discuss News Corp.s ( NWS ) fiscal first-quarter earnings, the 78-year-old chairman, dialing in from Sydney, Australia, was asked about reports ...
  5 weeks ago

• Who Regulates the Regulators? Government Stepping in on Executive Compensation for the Financial Industry

  
  Triple Pundit — Authority: 669
  By John ComberiateAs we observe the anniversary of the financial crisis, taxpayers and executives have their eyes equally fixed on the government’s plans to regulate executive compensation in the financial industry.  Their decision, after such a catastrophic event with such far reaching consequences, will have to ...
  5 weeks ago

• Is a Pay Czar constitutional?

  
  Fausta's Blog — Authority: 143
  Those of us who are asking whether a “czar”, who is not under Congressional oversight, is allowed under the Constitution to set wages in private industry have an answer by Michael McConnell: The Pay Czar Is Unconstitutional Kenneth Feinberg hasn’t been confirmed by the U.S. Senate. So who is Kenneth ...
  5 weeks ago

• Markey’s angry letters to credit card companies maybe more effective than legislation

  
  Colorado Independent — Authority: 636
  Could Congresswoman Markey’s  angry letters to credit card companies do more good than her legislation? U.S. Congresswoman Betsy Markey , a Democrat from the Fourth District, led a group of 42 members of the House in sending an angry letter to Bank of America and Citigroup this week. In advance of legislation ...
  5 weeks ago

• The Golden Years in America: Can’t Work, Can’t Retire (Unless You’re a Bailed-Out Banker)

  
  Unsilent Generation — Authority: 420
  The National Committee to Protect Social Security and Medicare reports today on recently released statistics that illustrate the lose-lose situation now faced by many older people, thanks to Wall Street and the recession it spawned. The National Retirement Risk Index  shows that a majority of American ...
  5 weeks ago

• Henderson: GM Pay Cuts “Thoughtful”

  
  Car Reviews & Car Buying Blog — Authority: 165
  We’re not public yet but we will be and if we do our job that stock is going to have real value. We thought it was fair. We thought it was thoughtful GM CEO Fritz Henderson comments on Pay Czar Kenneth Feinberg’s decision to dock his salary to a flinty $950,000. The AP reports Henderson’s total More here: ...
  6 weeks ago

• Pay czar: I dont want more authority

  
  CNN Political Ticker — Authority: 825
  NEW YORK (CNNMoney.com) - Washingtons so-called "pay czar" Kenneth Feinberg cautioned lawmakers against extending his authority to the hundreds of other companies that accepted government bailout money. Speaking before the House Committee on Oversight and Government Reform Wednesday, Feinberg said his recent review ...
  6 weeks ago

• Feinberg Substantially Increased Base Pay at Bailout Firms

  
  Wall Street Pit — Authority: 638
  Kenneth Feinberg, named by the current administration as special master of executive compensation of firms receiving TARP money, has decided to substantially increase regular salaries at the finance and auto companies under his control.According to the WSJ, Mr. Feinberg, who oversees seven firms ...
  6 weeks ago

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