- US orders 15 per cent pay cut for bosses at bailed-out firms
Barack Obama's pay czar on Tuesday ordered executive compensation at prominent bailed-out firms to be cut by 15%. Top gainers, losers and r...
24 Mar, 2010, 04.55 AM IST
- General Motors chief Whitacre to get $9mn compensation
Edwards E Whitacre, Jr, the chief of auto maker General Motors will receive an an annual compensation of USD 9 million including a signific...
21 Feb, 2010, 02.44 PM IST
- Fresh outrage as AIG reveals $100 million in bonuses
Bailed-out insurance giant AIG was set to begin paying $100 million in bonuses. Where has the US bailout money gone? | Top 10 international...
03 Feb, 2010, 10.03 PM IST
- AIG to dole out $100 mn in bonuses amid criticism: report
Insurer American International Group is moving forward with its plans to pay out as much as USD 100 million in bonuses, despite drawing cri...
03 Feb, 2010, 04.49 PM IST
- New GM CFO to be paid $750,000, plus stock later
The new chief financial officer at General Motors Co. will receive a salary of $750,000 next year, but he'll get up to another $5.45 millio...
24 Dec, 2009, 03.52 AM IST
- US limits executives pay to $500,000 at 4 bailed-out cos
Continuing with strict compensation norms for the bailed-out entities, the US govt has extended the pay cap for executives. Where has the U...
13 Dec, 2009, 10.40 PM IST
- US extends executive pay limits at four bailed-out firms
The limits, including a cap in cash salaries of $500,000 annually in most cases, would apply to AIG, Citigroup, General Motors and GMAC.
12 Dec, 2009, 01.17 AM IST
- Top 5 AIG executives may quit over pay: Report
Five top executives at troubled insurer American International Group (AIG) said last week they will quit if their compensation is cut signi...
07 Dec, 2009, 02.37 PM IST
- AIG CEO ready to quit over pay constraints
Robert Benmosche has threatened to leave his post as he struggles to deal with heavy government oversight and restrictions.
11 Nov, 2009, 03.05 PM IST
- US’ pay-cut plan fails to go down well with Wall Street
The Obama administration’s moves to rein in executive pay sparked criticism on Wall Street, as lenders such as Bank of America said the mea...
24 Oct, 2009, 12.00 AM IST
- Obama administration plans big pay cuts at bailout firms
Cos that received govt bailouts last year may be asked to sharply cut the compensation of top executives. Coming to terms with lay-off | Ti...
22 Oct, 2009, 02.12 AM IST
- BoA's Ken Lewis to get no '09 salary, bonus
Capping a year in which he faced shareholder fury, regulatory scrutiny and was stripped of his chairman post, outgoing Bank of America Corp...
16 Oct, 2009, 08.57 AM IST
- White House OK with $7 million salary for AIG CEO
The White House is fine with bailed-out insurer AIG's decision to pay its new chief executive $7 million a year.
19 Aug, 2009, 01.32 AM IST
- New AIG CEO to receive $7 million annual salary
American International Group Inc.'s new CEO will be paid a yearly salary worth $7 million and could earn millions more in performance-based...
18 Aug, 2009, 04.19 AM IST
- AIG asks Govt to approve bonus payments
American International Group Inc. is asking the federal government to weigh in on the insurer's plan to resume paying millions in promised ...
10 Jul, 2009, 10.18 AM IST
- US govt to oversee pay practice at Citi, six other firms
The seven firms that would come under the jurisdiction are Citi, AIG, Bank of America, GM, GMAC, Chrysler and Chrysler Financial. India's t...
11 Jun, 2009, 09.17 PM IST
- 9/11 fund overseer could be auto 'czar': Officials
Congressional officials say the lawyer who oversaw the 9/11 victims' compensation fund has emerged as a candidate to be the "car czar" in c...
09 Dec, 2008, 01.07 AM IST