Overall compensation for the nation’s top executives rose more than expected last year, but the rate of increase was the lowest in six years, according to a study released Tuesday.
The Corporate Library, an independent corporate governance group, said the median pay raise for the 1,864 executives who received one in 2007 was 7.5%. Total actual [...]
It mentions CEOs of Ford and Gm willing to work for $1 dollar a year- if only bankers were also willing to take this pay cut- of course they will already be rich people with adequate massive savings, but it shows how desperate they really are to be willing to take a year at 1 [...]
Kerkorian’s huge sell-down of Ford is just the latest example of moguls and executives unloading shares under pressure
By Ben Steverman
The same kind of “deleveraging” that crippled credit markets also is slamming billionaires, chief executives, and other well-heeled investors where it hurts. After borrowing to buy stock, an unprecedented number of executives are being forced [...]
“As house prices, earnings and capital have continued to deteriorate, Fannie and Freddie’s ability to fulfill their mission has deteriorated,” said James Lockhart, the head of Federal Housing Finance Agency which will now oversee Freddie and Fannie.
The two companies will be run by the government indefinitely, with the two current chief executives to be replaced [...]
Lehman, Merrill shut the door
Commentary: Job cuts, smaller bonuses and scorn on tap until yearend
By MarketWatch
Last Update: 8/28/2008 3:15:00 PM
NEW YORK (MarketWatch) — If America has any pity left for the Wall Street
banker, it was directed Thursday at the bankers of Lehman Brothers Holdings Inc.
Reports said the battered Lehman (LEH) is planning to cut 1,500 [...]
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