Submit a Story!
W.H. slashes pay for Wall Street execs
The move to slash executive pay means the average cash compensation will drop by 90 percent.
W.H.: Pay czar decided on his own
W.H.: Pay czar decided on his own
politico.com — Move to slash corporate pay will go down in history.... (more) W.H.: Pay czar decided on his own
What Wall Street Wants, Wall Street Gets
balloon-juice.com — This is awesome : Insurance brokers and benefits consultants say their small business clients are seeing premiums... go up an average of about 15 percent for the coming year — double the rate of last year’s increases. That would mean an ... (more) What Wall Street Wants, Wall Street Gets
What Pay Cuts? Wall Street Execs Keep the Perks
What Pay Cuts? Wall Street Execs Keep the Perks
abcnews.go.com — The Obama administration's pay czar called for 90 percent cuts for execs, but compensation experts say firms... will find loopholes in the plan. (more) What Pay Cuts? Wall Street Execs Keep the Perks
Comments
Blog Reactions

The Note's Must-Reads for Thursday, October 22, 2009
The Note — ... ABC News’ Jake Tapper and Ely Brown: “At Bush Administration Reunion, Cheney Attacks Obama… Again” LINK Politico’s Josh Gerstein: “W.H. rejects lobbyists’ pleas” LINK Politico’s Jim Vandehei and Mike Allen: “Obama strategy: Marginalize most powerful critics” LINK Politico’s Eamon Javers: “President Obama defends all-male hoops game” LINK Politico’s Eamon Javers: “White House slashes pay for Wall Street executives” LINK The Washington Post’s Karl Vick: “Obama rallies Democrats for Corzine campaign” LINK ...

Wall Street Adds Insult to Injury
Commondreams.org Views — ... , Barack Obama's compensation tsar for bailed out companies, issued his edicts last week on executive compensation, it prompted howls of outrage in the financial industry. The New York Times quoted one person who it identified as being "close to the board" at ...

Commercial Banks Hope for Return on Investment in Congress
Capital Eye — ... , told Politico. "These are decisions for boards of directors to make, not the government. I think this is a very slippery slope." ...

Related Content
WATCH: Bailout Execs Face 90 Percent Pay Cuts
abcnews.go.com 10/22/2009 — Executives at seven taxpayer bailed out companies will have salaries slashed.
Lee 'sorry' for slashes
news.bbc.co.uk 10/14/2009 — The forward slashes at the beginning of internet addresses have long annoyed net users and now the man behind them has apologised for using them. Sir Tim Berners-Lee, the creator of the World Wide Web, has confessed that the // in a web address were ...
Wall Street On Track To Award Record Pay
online.wsj.com 10/13/2009 — Major U.S. banks and securities firms are on pace to pay their employees about $140 billion this year -- a record high that shows compensation is rebounding despite regulatory scrutiny of Wall Street's pay culture. Workers at 23 top investment banks, ...
Five AIG execs say may quit over pay: report
msnbc.msn.com 12/7/2009 — Five senior executives at American International Group told the bailed-out insurer last week they may quit if their compensation was cut significantly by the U.S. pay czar, the Wall Street Journal reported. The five senior AIG executives indicated on ...
Pay Czar to Slash Compensation
online.wsj.com 10/22/2009 — Feinberg will slash compensation for the 25 highest-paid employees at seven firms receiving government aid and demand corporate-governance changes.
Obama Praises His Pay Czar for Executive Pay Cuts
blogs.abcnews.com 10/23/2009 — President Obama praised his pay czar Ken Feinberg today for taking “an important step forward today” by announcing that executive salaries will be severely cut at businesses with taxpayer financed bailout money.
Fishwrap of Record slashes jobs
michellemalkin.com 10/20/2009 — Read this post »
Pay Czar to Slash Compensation at Seven Firms
online.wsj.com 10/21/2009 — [Feinberg] Bloomberg News Kenneth Feinberg, the Treasury Department's special master for compensation.
Pay Czar to Slash Compensation at Seven Firms
online.wsj.com 10/22/2009 — [Feinberg] Bloomberg News Kenneth Feinberg, the Treasury Department's special master for compensation.
The Real Problem With High Wall Street Pay
yglesias.thinkprogress.org 10/15/2009 — Sometimes an interesting paper doesn’t do much more than provide empirical confirmation of what basic theory would predict. For example, Thomas Philippon and Ariell Reshef have a paper ( PDF ) illustrating the point that the relative wage in ...