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Careers Executive Compensation

  • Bud Selig

    As the blogosphere lights up about Bud Selig's $18.35 million salary, we've confirmed that NFL commissioner Roger Goodell will freeze his 2009 salary at $11 million. The commissioner will also take a voluntary 20 to 25 percent cut off his 2008 total compensation.

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    The third most popular topic of discussion these days — after layoffs, of course, and unscrupulous money managers that create near-worthless portfolios for their investors — is out-of-control executive compensation.

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    The U.S. Congress was expected to pass a $789 billion economic stimulus package aimed at unleashing large spending and tax cuts to help yank the economy out of a 14-month recession.

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    US lawmakers prepared Thursday to pass a $789 billion stimulus package to revive the struggling economy in a victory for President Barack Obama that some warned may have costly consequences.

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    If you’ve recently faced a layoff or cutback at your job, there’s a lot you can do at the executive level in the realm of volunteering that will help others while (as a bonus), simultaneously serving as a resume-builder in the meantime.

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    Banking leaders who benefited from a federal bailout are bringing a message of accommodation and gratitude to Congress, hoping for a better reception than the one given Treasury Secretary Timothy Geithner.

  • Recently at dinner when the food arrived, the baked potato was cold, and the broth from the stew had evaporated - or, I could only hope, been stolen. A manager stopped by to check on things. We told her the story about dinner. She looked sad.

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    The Obama administration's financial-rescue plan contains a number of measures meant to ease the credit crunch, including a public-private initiative to take bad assets off of banks' balance sheets.

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    A resume is required for a job search but is also useful even if you stay just where you are. By forcing yourself to write your resume, you conduct an audit of your career to date.

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    The Obama administration pushed back the announcement of a keenly awaited bank rescue plan until Tuesday as it pressed lawmakers to settle their differences over a huge economic stimulus package.

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    With 401k's crashing and 7.6% unemployment (the highest since 1992) no one doubts the need for government intervention, especially in the form of an economic stimulus package.

  • Jaws

    There are job search lessons to be had from the movie, "Jaws," so we can write about the movie and you can “catch” your dream job.

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    The Democratic-led Senate will try again to pass a $937 billion stimulus package aimed at boosting the battered economy as some of the worst unemployment data in decades boosted political pressure for a deal.

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    Headlines scream about high profile layoffs every day. Consumer confidence is down, inventories are up, salaries are down, hiring freezes are up. The indicators that fuel the headlines are grim, grimmer and grimmest. However, no matter how it feels, job seeking is NOT futile.

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    President Barack Obama warned that failure to act on an economic recovery package could plunge the nation into a long-lasting recession that might prove irreversible, a fresh call to a recalcitrant Congress to move quickly.

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    Bank of America, reacting to the recent controversy over executive perks, plans to sell three of its corporate jets, sources inside the bank tell CNBC.

  • business check

    It's today's hot topic on the Street - time for you to weigh in.

  • President Obama launched a campaign to rein in corporate compensation with rules limiting executive pay. Below are the new rules and restrictions on executive compensation issued by the Treasury Department.

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    President Obama kicks off a campaign to rein in corporate compensation with rules limiting executive pay to $500,000 a year for companies getting taxpayer bailout funds in the future.

  • Downsizing

    I generally dismiss the relevance of tired adages, but there’s a timely truth to the saying that it’s hard to teach an old dog new tricks. In days like these, however, a little reinvention is key to survival.