December 4, 2008

Citigroup top execs ready to forego bonuses: report

By: Reuters

Citigroup Inc's top executives and Robert Rubin, a director and senior counselor at the firm, are ready to forgo their bonuses this year as the bank reels from the effects of the financial crisis, the Financial Times reported.

December 4, 2008

COUNCIL OF INSTITUTIONAL INVESTORS ISSUES STATEMENT ON EXECUTIVE PAY

By: The Council of Institutional Investors (CII)

Washington, DC--The global financial crisis has rightly put executive compensation under a microscope. Poorly structured pay packages encouraged the get-rich-quick mentality and overly risky behavior that helped fuel the...

December 3, 2008

Compensation Committees Adjusting CEO Pay Programs Prior to Financial Crisis, Watson Wyatt Survey Finds

By: CNN Money

Compensation committees at U.S. companies had been making significant adjustments to how they compensate their chief executives even prior to the recent financial crisis, according to an annual study by Watson Wyatt, a leading...

December 3, 2008

General Motors and Ford CEOs putting their salary on the line

By: Los Angeles Times

Working for a buck a year would amount to a multimillion-dollar pay cut for the chief executives of General Motors Corp. and Ford Motor Co.

GM's Rick Wagoner and Ford boss Alan Mulally both pledged Tuesday to work for $1 a...

December 1, 2008

UAW wants limits on carmakers' executive pay

By: Reuters

The Big Three U.S. automakers should tell Congress they will limit corporate pay, bonuses and severance packages in return for government loans, the president of the United Auto Workers union said on Sunday.

November 30, 2008

Many want pay based more on performance

By: Fort Wayne Journal Gazette - IN

In 2007, as their companies started to falter, many executives were getting increases to compensation packages that already paid more in a day than most Americans make all year.

November 26, 2008

CEO Paydays Likely Trimmed in Bailout Bid

By: Newsweek

Members of Congress who oppose the bailout of the auto industry partly on the grounds that the CEOs of Detroit automakers have been making too much money and aren’t willing to make sacrifices in order to get tax-payer funded...

November 25, 2008

AIG CEO Liddy to get $1 salary through 2009

By: MarketWatch

American International Group Inc. (AIG:American International Group, Inc

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November 25, 2008

Citi soars, but reactions are mixed on U.S. plan

By: MarketWatch

Washington's latest Hail Mary attempt to support a battered banking system lifted Citigroup Inc. shares more than 50% on Monday, and drew kudos from those who see the effort as setting a new industry framework, as well as...

November 24, 2008

Proxy Firm Targets Practice of Paying Executives' Tax Bills

By: The Wall Street Journal

In the latest move to curb executive-pay excesses, an influential proxy-advisory firm is cracking down on the common but controversial practice of footing big tax bills for executives.

RiskMetrics Group says it will advise...