executive compensation

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America's Top CEOs Had a Nice Fat 2010

How nice? Their compensation jumped 27% to 40%

(Newser) - Today, in Depressing Coincidences in Journalism, we're greeted with the news that nearly 50% of Americans are living below the poverty level or very close to it—and the news that America's top CEOs saw their 2010 pay jump a crazy 27% to 40%. The latter revelation comes...

Wall Street Bonuses to Plunge
 Wall Street Bonuses to Plummet 
Nov 29, 2011 3:05 AM CST

Wall Street Bonuses to Plummet

Falling revenues behind expected 40% plunge

(Newser) - The latest news from Wall Street is likely to leave most ordinary Americans dry-eyed. Year-end bonuses for bankers and traders are expected to be down sharply this year, plunging up to 40% to their lowest level since the financial crisis, according to a closely watched industry forecast. A bond trader...

How CEO Pay Spirals Out of Control

Peer benchmarking drives everyone higher

(Newser) - Amgen didn’t do terribly well under CEO Kevin Sharer last year—it eliminated some 2,700 jobs and its stock fell 3%. Yet Sharer pocketed a 37% raise, bringing his compensation to $21 million. Why? Because the board decided he should be paid “closer to the 75th percentile...

Many Firms Pay CEOs More Than the Taxman

Liberal think tank singles out 25 of the 100 highest-paid execs

(Newser) - Many in Washington are calling for lower corporate taxes, but many US corporations have now become so adept at dodging the taxman that they’re paying their CEOs a lot more than Uncle Sam, according to a new study from a liberal think tank. The study found that 25 of...

Executive Grandeur Fuels the Growing Income Gap
Executive Grandeur Fuels
the Growing Income Gap
landmark analysis
Jun 19, 2011 1:36 PM CDT

Executive Grandeur Fuels the Growing Income Gap

Execs represent a bigger share of top incomes than thought

(Newser) - Explaining the growing income gap in terms of percentages is easy. But things get murkier when it comes to defining who makes up that top .1% of earners who pull in a whopping 10% of the country's personal income. Or they did. Writing for the Washington Post , Peter Whoriskey...

Citi Boss Vikram Pandit Scores Huge Bonus

He'll make at least $23.2 million; had been earning $1

(Newser) - Vikram Pandit isn’t the lowest-paid guy on Wall Street anymore. Citigroup has rewarded its CEO, who has worked for a token $1 salary for the past two years, with a massive retention package. If the company hits its estimated performance, Pandit will make $23.2 million in stock and...

CEO Salaries Climb Above Pre-Recession Levels

Average S&P company doling out $9M

(Newser) - Did you know there was some kind of recession recently? You wouldn't, if you looked at CEO paychecks. CEOs were paid more last year than they were in 2007, when unemployment was at half what it is now and the stock market was at record highs, the AP reports....

JPMorgan CEO Gets 1500% Raise

Plus, see what other CEOs made in 2010

(Newser) - Jamie Dimon had a pretty decent year: The JPMorgan CEO, who steered his bank through Wall Street's meltdown and saw it emerge as arguably the healthiest US bank, took home $20.8 million last year. That's up roughly 1500% over his $1.3 million compensation package the year before, notes...

Nuns Rap Goldman Sachs Fatcats for Pay

After Lloyd Blankfein's compensation almost doubles to $19M

(Newser) - Lloyd Blankfein’s salary nearly doubled in 2010 to a total of around $19 million—and the Catholic church isn’t happy about it. Four orders of nuns that invest with Goldman Sachs have all signed on to a proposal demanding the bank review its compensation policy, the Guardian reports....

Fannie, Freddie Execs Improperly Paid Big Bucks
Fannie, Freddie Execs Improperly Paid Big Bucks
says report
Apr 1, 2011 9:38 AM CDT

Fannie, Freddie Execs Improperly Paid Big Bucks

Government hasn't been transparent enough, report complains

(Newser) - The federal government has improperly paid the CEOs of Fannie Mae and Freddie Mac huge salaries while the housing giants have been under government control, the Inspector General of the Federal Housing Finance Agency concludes in a new report. The CEOs were paid a total of $17.1 million in...

CEO Bonuses Shoot Up 30.5%
 CEO Bonuses Shoot Up 30.5% 
Mar 18, 2011 12:59 PM CDT

CEO Bonuses Shoot Up 30.5%

Some shareholders express disapproval

(Newser) - So far, it’s looking like 2010 was a banner year for CEOs. An analysis of disclosures released by 50 major corporations reveals that the median CEO bonus jumped 30.5%, the Wall Street Journal reports, significantly outpacing the companies’ 19.4% median net income growth. Some of the biggest...

Average Goldman Pay for 2010: $430K

Numbers lower than expected as revenue drops

(Newser) - Goldman Sachs employees will receive lower-than-expected average pay of $430,700 this year, 14% less than last year’s average of $498,246, Bloomberg reports. Estimates prior to the release of the numbers pinned the figure around $450,000, according to the Independent . The bank’s compensation and benefits expense,...

Wall Street Pay to Break Records (Again)

Pay up 4% from previous record, set last year

(Newser) - Wall Street is set to break the compensation records it set just last year, the Wall Street Journal reports. In a survey of 35 publicly traded securities and investment-services firms, 26 were expected to boost compensation, bringing total pay up to $144 billion—up 4% from last year’s $139...

Warren Buffett: Cut Taxes, But Not for the Rich

Billionaire slams tax system, Wall Street 'casino' pay

(Newser) - Finance wiz Warren Buffett believes taxes should be cut—but not for him or other wealthy Americans. The 80-year-old investor, speaking at the Most Powerful Women summit in Washington, said it's absurd how he pays the lowest rate of tax of anybody in his office, including the cleaning lady, CNN...

Top 25 Highest-Paid Women
 Top 25 Highest-Paid Women 
Oct 1, 2010 5:16 PM CDT

Top 25 Highest-Paid Women

Fortune ranks corporate hotshots

(Newser) - Which female executives are taking home the most cash? Fortune ranks the top 25 corporate bigwigs based on 2009 compensation. Here's the top of the list:
  1. Carol Bartz, Yahoo; president and CEO: $47.2 million.
  2. Safra Catz, Oracle; president: $36.4 million.

Health Insurance Execs Cash In, Jack Premiums

Those heading 5 biggest companies took home $200M

(Newser) - As their companies slammed policyholders with double-digit rate increases, top executives at the nation's five largest insurance companies gave themselves hefty raises last year, pulling in a total of almost $200 million. Of the heads of Cigna, Humana, UnitedHealth Group, WellPoint, and Aetna, only one took a paycut—Aetna's CEO...

BP Boss to Get $18M Golden Parachute

 Hayward to 
 Get $18M 
 Golden 
 Parachute 
and a new job...in siberia
Jul 27, 2010 7:36 AM CDT

Hayward to Get $18M Golden Parachute

Lawmakers slam payoff for Tony Hayward

(Newser) - Booted BP boss Tony Hayward will be getting a compensation package worth more than $18 million to soften the blow of having to step down amid heavy criticism. Hayward, who is leaving by mutual consent in October after 28 years with the firm, has a contract which includes a $930,...

17 TARP Banks Paid Execs Billions: Pay Czar

Payments would have violated later guidelines

(Newser) - Seventeen banks gave their top executives $1.6 billion in lavish payments while they were receiving billions of dollars in taxpayer-funded bailouts, the Treasury Department's compensation chief said today. Kenneth Feinberg said he did not have the authority to ask the firms to repay the money handed out during the...

Wall Street Hiring Jumps
 Wall Street Hiring Jumps 
Jun 29, 2010 4:23 AM CDT

Wall Street Hiring Jumps

Bonuses back in fashion as firms lure execs

(Newser) - Happy days are here again for Wall Street workers. The big banks have gone on a hiring spree over the last few months and competition for the best execs is heating up, sending salaries upwards and spurring firms to start offering perks and hefty bonuses again, Bloomberg reports. Recruiters say...

Hedge Fund Managers Rake In Record $25B

Top 25 managers cleaned up by betting on bank bailout

(Newser) - Betting correctly that the federal government would not let more banks fail after the cruel denouement of 2008, hedge fund managers engineered a record payday for themselves in 2009. The top 25 brought in $25.3 billion, topping 2007’s record by a healthy margin, and the $4 billion taken...

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