Archive for June 24th, 2009

Union Calls on Morgan to Reverse Raises for Top Earners

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Published in The Wall Street Journal June  24, 2009 by Cari Tuna

A major union this week called on Morgan Stanley — which repaid $10 billion in government bailout funds last week — to reverse recent salary increases for senior executives and other top earners.

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Filed under: Newsfeeds



Viewpoint: What happened to the crackdown on executive pay?

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Published in The Baltimore Sun June 24, 2009 by Chuck Collins and Sam Pizzigati

Last February, amid public anger over millions in bonuses at bailed-out insurance giant AIG, our top national political leaders rushed to express their outrage – and even took some steps to place a lid on over-the-top executive pay.

That lid has now come off.

Filed under: Newsfeeds



Financials Post Sign of Times: CEO Wanted

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Published in The Wall Street Journal June 24, 2009 by Susanne Craig and Joann S. Lublin

The revolving door for financial-company chief executives is broken. Plenty have left or could be on the way out. Some who want in aren’t experienced enough. And some of the most qualified potential CEOs are leery about entering.

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Filed under: Newsfeeds



Citigroup Has a Plan to Fatten Salaries

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Published in The New York Times  June 24, 2009 by Eric Dash

After all those losses and bailouts, rank-and-file employees of Citigroup are getting some good news: their salaries are going up.

The troubled banking giant, which to many symbolizes the troubles in the nation’s financial industry, intends to raise workers’ base salaries by as much as 50 percent this year to offset smaller annual bonuses, according to people with direct knowledge of the plan.

Link to full article.

Filed under: Newsfeeds