Careers Executive Compensation

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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.

  • If Wall Street heads don't roll for causing this market crisis, the Mad Money host says, we could see a dozen more Bernie Madoffs.

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    No one wins a game by playing defense. However, good defense gives offense the chance to do its job. Defense, therefore, provides the foundation for success.

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    Monday was the last day of Iris Chau’s 11-year career at JPMorgan Chase and she says there’s a lot she’ll miss about the job, including her colleagues, her paycheck and her role managing a technical support team. But one thing she won’t miss about JPMorgan: telling people that she works there.

  • Jamie Dimon

    JPMorgan Chase Chairman and Chief Executive Jamie Dimon thinks outrage over bonuses being paid to executives of firms involved in the financial crisis and now receiving federal assistance is not entirely justified.    In his keynote speech to the Future Of New York conference sponsored by Crain's New York, Dimon took issue with President Obama's characterization of bonuses and the way they have been paid out.

  • Does this ever happen to you at work - you’ve got critical info, but no one is listening?

  • Bankers Bonus

    There aren't a whole lot of places where an intelligent person can work hard, as in sixteen-hours-a-day for six or seven days a week hard, and make a boatload of money. Wall Street is one of those places, and we should keep it that way.

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    Last week in this space I blogged about compensation and a possible “class war” in the offing. Sadly, within days my prediction came true.

  • A lot of people who are not on Wall Street have a misunderstanding about the concept of “bonuses,” Tiger Management’s chairman Julian Robertson told CNBC.

  • Bankers Bonus

    The fury over the fact that Wall Street paid out $18.4 billion in bonuses in 2008, the "sixth largest" amount in history, is about words and nothing else.

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    OK, so John Thain's not exactly your average, run-of-the-mill executive, but that doesn't mean there aren’t a few things we can all learn about the fine art of management from the recently deposed head of Merrill Lynch, right?

  • Bankers Bonus

    President Obama had some harsh words on Thursday for bankers who paid themselves billions of dollars in bonuses despite the sweeping government rescue of the nation’s financial industry. Senator Christopher J. Dodd of Connecticut said “every possible legal means” should be used to claw back the money.

  • Traders may be disappointed by today's declines, but there is no way they could be surprised. Not when you have companies like Black and Decker and Illinois Tool Works giving first quarter guidance well below expectations.

  • Barack Obama

    President Barack Obama says it is irresponsible and shameful for Wall Street bankers to be paid huge bonuses at a time when the American public is dealing with economic hardship.