salary

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Pay Czar Blocks Salary for Ken Lewis

BofA CEO will return $1M and forgo any pay this year

(Newser) - President Obama's pay czar has landed his biggest punch yet: Bank of America CEO Ken Lewis will forgo any pay this year and return $1 million he's already accepted. But don't start up a collection just yet: The reason Kenneth Feinberg made the request is because Lewis will receive about...

American Idol Snags DeGeneres as 4th Judge

(Newser) - Comedian and talk-show host Ellen DeGeneres will be the fourth judge on the next season of American Idol, the Wrap reports. The deal, announced by Fox tonight, fills the star spot vacated by Paula Abdul, who quit the show this summer in a salary dispute.

Top-Paying College Degrees
 Top-Paying College Degrees 
Sep 9, 2009 10:13 AM CDT

Top-Paying College Degrees

Engineering, economics, computing take top spots

(Newser) - As the school year begins, students seek out fulfilling and enlightening majors—that will hopefully bring in the big bucks down the road. PayScale lists the highest-paying undergrad degrees and their mid-career median salaries:
  1. Aerospace engineering, $109,000
  2. Chemical engineering, $107,000
  3. Computer engineering, $105,000
  4. Electrical engineering, $102,000
...

New AIG CEO's Salary: $7M
 New AIG CEO's Salary: $7M 
Aug 18, 2009 10:05 AM CDT

New AIG CEO's Salary: $7M

Figure makes a mockery of government's 'populist image': blogger

(Newser) - The new CEO of AIG is bringing home $7 million a year to restore the bailed-out firm to health, Bloomberg reports. Robert Benmosche will receive $3 million in cash and $4 million in common stock, a regulatory filing notes. “The cash component had to be enough to attract a...

Vick Looks Solid in First Practice

(Newser) - Michael Vick returned with his No. 7 to the football field today, running the scouts' offense in practice with the Philadelphia Eagles. How'd he do? Apparently, not bad for an ex-con: "His first toss ... was a little wobbler over the middle to Danny Amendola," notes the Eagles blog...

In Lieu of Bonuses, Citi Gives I-Bankers 50% Raises

(Newser) - Citigroup will raise salaries for investment bankers and traders as much as 50% to offset a steep falloff in bonus pay and keep the company’s compensation package competitive, Bloomberg reports. Other employees, like those in the consumer banking section, will receive smaller raises. Citi, which took $45 billion in...

Safety Worries Mount as Regional Airlines Soar

Pilot pay and training eyed amid recent accidents

(Newser) - Regional airlines have risen to new heights in recent years as major carriers outsource to the smaller firms. But as the regional outfits have grown, so have safety concerns, reports the Chicago Tribune. Pilots for the smaller airlines are often driven by modest salaries to work overtime, and some wonder...

Maestro Wages May Sink US Orchestras
 Maestro Wages 
 May Sink US 
 Orchestras 
analysis
May 16, 2009 7:54 PM CDT

Maestro Wages May Sink US Orchestras

(Newser) - Overpaid maestros had better accept slimmer paychecks before America's great orchestras sink into silence, John von Rhein writes in the Chicago Tribune. With the Great Recession raging and musicians accepting pay cuts, big-name conductors like Lorin Maazel and James Levine still rake in millions. Welcome to "the dirty little...

Obamas File $2.7M Tax Return
 Obamas File $2.7M Tax Return 
Apr 15, 2009 4:55 PM CDT

Obamas File $2.7M Tax Return

It's a big pay cut from the year prior

(Newser) - With the country finishing up its taxes, the Obamas divulged their household income today, revealing a combined income of $2.7 million last year—significantly less than 2007’s $4.2 million. Most of it came from the president’s books, which raked in a combined $2.5 million. The...

NYC Firm Pays Lawyers for Not Going to Work

Cost-cutting measure gives employees $80K for taking a year off

(Newser) - Amid nationwide layoffs and salary freezes, how could a New York law firm justify paying some of its employees $80,000 to stay away from the office? It makes more sense when you know that the lawyers usually make three times that: The partners have found a way to cut...

Times Cuts Salaries, Jobs; Post Offers More Buyouts

(Newser) - The economic crisis and outdated business models are forcing steep cuts at three venerable news organizations. The New York Times today announced a 5% pay cut for all employees, who were offered 10 extra days off as compensation, "in a spirit of shared sacrifice and as a way to...

Bailed-Out UBS Rewards Bankers With Pay Hike

Swiss bank to boost salaries up to 200%

(Newser) - UBS has been one of the most stricken banks of the last two years, receiving government aid and slashing bonuses. But now the Swiss giant is doing something few would expect in this market: offering pay raises. Senior bankers who complete a performance review will see their salaries spike...

Slumdog Makers Say Kids Weren't Exploited

Filmmakers deny they underpaid children

(Newser) - The creators of Slumdog Millionaire are taking the offensive to rebut accusations that the young Indian actors in their film were exploited, People reports. Claims surfaced earlier this week that two of the child actors, still living in the slums of Mumbai, got a raw deal. But director Danny Boyle...

Obama Signs Ledbetter Act as His First Bill

Law allows suits for decades-old pay discrimination

(Newser) - President Obama signed his first piece of legislation today, selecting an equal pay bill that makes it easier for women to sue for decades-old discrimination. Lilly Ledbetter—who for 19 years endured a pay discrepancy at Goodyear—stood at his side as the president signed the Fair Pay Act named...

First Lady's Job Is Real: Let's Pay Her

Job description, salary would help define difficult role

(Newser) - Michelle Obama is taking flak because she's putting her law career on hold to help her kids adjust to life in Washington. In fact, however, she’s not leaving professional life at all: Her new role as first lady—"the hardest job she will ever hold"— comes with...

Britney's Dad Gets a Raise to Watch Her

LA court raises James Spears' monthly salary by more than 50 percent

(Newser) - Some fathers take care of their kids for free, but Britney Spears can’t seem to pay her dad enough: A Los Angeles court this week raised Jamie Spears' monthly salary from $10,000 to $16,000, plus $1,200 in expenses, Us Weekly reports. Dad was awarded permanent legal...

Bailout CEOs: Make Them Share Taxpayer Risk
Bailout CEOs: Make Them Share Taxpayer Risk
analysis
Dec 2, 2008 12:36 PM CST

Bailout CEOs: Make Them Share Taxpayer Risk

When taxpayers have to take a stake, CEOs should have to do the same

(Newser) - As taxpayers become stakeholders in the very firms that made this economic mess, it’s become easy to say that losing CEOs should be stripped of their salaries, writes Andrew Ross Sorkin in the New York Times. But driving out good CEOs is no way to rebuild the banking sector....

As Belts Tighten, College Chiefs' Pay Expands

Suffolk U. boss tops list with $2.8M package and $400K salary

(Newser) - Things are tough all over—except in the nation's ivory towers, where college presidents are collecting increasingly tidy sums, reports the Wall Street Journal. Presidents at 59 public universities earn more than $500,000 a year, and Ohio State's chief tops the list with a $1.3 million package. Median...

Wall Street Execs Ponder Slashing Their Own Pay

Bailed-out finance firms may cut compensation to silence critics

(Newser) - Top Wall Street execs are considering heading off public outrage by cutting their own pay, insiders tell the Wall Street Journal. The big financial firms pay out billions in bonuses to their execs every year. They now fear a public relations disaster is looming as critics charge that the $125...

Makeup Artist Highest Paid McCain Campaign Staffer

According to campaign's payroll, $11k per week

(Newser) - While no more Saks and Barney's charges have surfaced, records for the first 2 weeks of October indicate that Sarah Palin's makeup artist was the highest paid individual contributor to the McCain campaign effort, pulling in $23,000. Amy Strozzi easily beat out McCain's foreign policy adviser (just $12,500)...

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