bonuses – News Stories About bonuses - Page 10

OPINION

Sep 24, 2008 11:39 AM CDT

The Perils of Positive Thinking

Not just greed, but optimism and can-do led to Wall Street's downfall

(Newser) - “Positive thinking,” the philosophy of self-help books and corporate retreats, has had some negative effects on Wall Street, Barbara Ehrenreich writes in the New York Times. It's popular to blame greed of executives and traders for the current meltdown in the financial markets, but the unbridled optimism and...

NY Lehman Crew Gets $2.5B
Bonus Pool

Sep 23, 2008 9:00 AM CDT

NY Lehman Crew Gets $2.5B Bonus Pool

European workers, unsure of salaries, furious at payout

(Newser) - Some 10,000 New York Lehman Brothers employees will share bonus pay of $2.5 billion, sparking anger among the investment bank’s European workers and critics of unfair compensation in the imploding finance arena, the Independent reports. The money was arranged before Lehman declared bankruptcy. Lehman’s British staff,...

Shareholder Revolt Strips WaMu Execs
of Fat Pay

Apr 16, 2008 1:19 PM CDT

Shareholder Revolt Strips WaMu Execs of Fat Pay

One resigns; chairman asked to step down

(Newser) - Washington Mutual shareholders got some of the blood they were out for yesterday, the Wall Street Journal reports, as the company backtracked on a pay scheme that would have shielded company executives from the subprime fallout. Board finance-committee head Mary Pugh also resigned, appeasing investors who blamed her for failing...

Subprime Lender CEOs Defend Exec Pay

Mar 7, 2008 3:50 PM CST

Subprime Lender CEOs Defend Exec Pay

Merrill, Citi and Countrywide honchos cashed in as companies foundered

(Newser) - Banking executives who took home huge paychecks even as the subprime mortgage crisis battered their companies appeared before Congress today to defend their actions. Democrats on the House Oversight Committee grilled them about their enormous pay packages as Republicans apologized to them and questioned the premise of the hearing, the...

Investors Angered as WaMu Shields Exec Bonuses

Mar 5, 2008 8:53 AM CST

Investors Angered as WaMu Shields Exec Bonuses

Bank's board of directors extracts subprime losses from bonus formula

(Newser) - Washington Mutual’s directors have decided to limit the hit its executive management team can take from the subprime credit fiasco, setting cash bonus targets that exclude costs from foreclosures and mortgage-related losses, reports the Wall Street Journal. The move angered some shareholders who’ve seen their investment shrink as...

Goldman Sachs Awards CEO $68M Bonus

Dec 21, 2007 8:07 PM CST

Goldman Sachs Awards CEO $68M Bonus

Blankfein nets huge payday after bank avoids subprime tank

(Newser) - Goldman Sachs gave CEO Lloyd Blankfein a $67.9 million bonus for 2007, believed to be one of the largest such payouts in history, MarketWatch reports. The bonus includes $26.8 million in cash and $41.1 million in stocks. Goldman succeeded this year while rivals foundered in the subprime...

Vatican Offers Earthly Rewards

Nov 23, 2007 6:35 AM CST

Vatican Offers Earthly Rewards

Employees get new corporate-style bonus system

(Newser) - The Vatican is offering corporate-style performance bonuses to its workers for the first time, the Times of London reports. Pope Benedict XVI is offering rewards based on "dedication, professionalism, productivity and politeness." The conditions will apply to the thousands of lay workers who do everything from run Vatican...

Goldman Leads Wall Street Bonus War

Nov 19, 2007 11:56 AM CST

Goldman Leads Wall Street Bonus War

Under pressure to keep talent, losing firms shell out big

(Newser) - The Big Five Wall Street securities firms will pay $38 billion in bonuses this year—up from $36 billion last year—while shareholders tote up $74 billion in losses, their worst year since 2002, Bloomberg reports. All but Goldman Sachs lost more than 20% of their market value, says an...

Wall Street Bonuses In for a Fall

Nov 7, 2007 3:50 AM CST

Wall Street Bonuses In for a Fall

Extra pay could drop in half for some senior bond traders

(Newser) - Wall Street's multi-million-dollar bonuses are likely to take a hit for the first time in five years, with extra pay dropping in half for some senior sellers of mortgage-backed securities, according to the Wall Street Journal. Traders in stocks and commodities are expected to do better than those working with...

Wall Street Bonuses To Sink

Aug 22, 2007 12:31 AM CDT

Wall Street Bonuses To Sink

Market crisis hits paychecks

(Newser) - The credit crisis, which has surged across the global financial infrastructure like a tsunami, washing away millions of share prices, is about to hit one of Wall Street's most hallowed traditions —the fat bonus. The extra pay for all but an elite few may be cut for the first...