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News & Updates

December 15, 2008
WH Plan for Detroit Still in Garage

Source: ABC News

The White House is not expected to wrap up a bailout for Detroit's Big Three automakers by Monday, leaving stocks open to a yet another potential selloff and the clock ticking down to what automakers say could soon become an...

December 15, 2008
Executive Pay Limits May Prove Toothless

Source: Washington Post

Congress wanted to guarantee that the $700 billion financial bailout would limit the eye-popping pay of Wall Street executives, so lawmakers included a mechanism for reviewing executive compensation and penalizing firms that...

December 13, 2008
Recession Forcing Companies to Cut Executive Bonuses, Watson Wyatt Survey Finds

Source: MarketWatch

With the recession showing no end in sight and the current spotlight on executive pay, many U.S. companies are cutting back on the annual bonuses and long-term incentives they pay their executives, according to a survey by Watson...

December 13, 2008
Bush vows to avert auto industry failure


Source: Boston Globe

Facing the potential collapse of the domestic auto industry in his final days at the White House, President Bush yesterday reversed course and signaled that he would provide short-term financial help to avoid what his spokeswoman...

December 12, 2008
Goldman compensation fund to drop to $12 bln-paper

Source: Reuters

Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) will announce next week its compensation fund, out of which it will pay this year's bonuses, is expected to be about $12 billion, well below last year's $20...

December 12, 2008
This year's worst CEOs

Source: Kansas City Star.com

Charles Prince, formerly of Citigroup, Rick Wagoner, General Motors, John J. Harris, Nestle Waters, Bruce Williamson, Dynegy - That's a rogues' gallery of CEOs who ran their companies with "unbridled greed" and a "lack of...

December 12, 2008
The Greening of the Corporation


Source: BusinessWeek

A new report analyzes how far advanced top companies are in addressing climate change and adopting environmentally friendly policies

December 12, 2008
Madoff arrested in alleged Ponzi scheme

Source: MarketWatch

Bernard Madoff, former Nasdaq Stock Market chairman and founder of Bernard L. Madoff Investment Securities LLC, was arrested and charged with securities fraud Thursday in what federal prosecutors called a Ponzi scheme that could...

December 12, 2008
Failure Is an Option as Senate Kills Auto Bailout


Source: Barrons

LEGISLATION TO PROVIDE $14 BILLION in short-term loans to the U.S. automobile industry failed in the Senate late Thursday, setting the stage for a possible default by one or more car makers and sending global stocks into a...

December 11, 2008
GM, Chrysler Short of Time as Senate Debates Rescue

Source: Bloomberg.com

The debate over the automaker bailout in Congress has become a race against the clock. The U.S. House voted 237-170 last night to approve emergency loans for General Motors Corp. and Chrysler LLC, shifting the focus to the...

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