April 14- Oilfield services and drilling company Nabors Industries Ltd said it would separate the roles of chairman and chief executive after the tenure of CEO Anthony Petrello ends and limit severance payments for executives. Shareholders California State Teachers' Retirement System and Blue Harbour Group welcomed the steps.» Read More
Here's what the market faces tomorrow: 1) October retail same store sales. Weather got colder toward the end of the month; traders are primed for bad news as most of the big stocks are at 52-week lows. Any good news should move them up.
They say, "The rich get richer" – and that's never been more true than this year, with Wall Street handing out record bonuses of well over $20 billion. On CNBC’s “Morning Call” Michelle Caruso-Cabrera examined whether those huge bonuses stem from greed or good ol’ capitalism. Edward Wolff, NYU Professor of Economics, believes bonuses are a large factor in the inequality between rich and poor.
In the world of alternative investments, they use alternative methods of compensation. Base and bonus don't accurately represent what these folks are making. Hedge fund pay, the focus of my Power & Money report today, is the perfect example. The average pay for a CEO was $4.5 million, according to Infovest. The average pay for a portfolio manager: $2.5 million. But what these numbers don't include is the fattest part of the paycheck...
We've been talking all week about the big year end cash and stock bonuses Wall Street executive are getting--some of them topping $50 million. But starting today--everyone will be able to find out what other perks company execs are getting--like the use of a company jet. CNBC's Hampton Pearson on "Morning Call" had the details.
Wall Street continues to buzz about the massive $16 billion in bonuses paid to Goldman Sachs executives. But amazingly--there is a line of thinking that maybe Goldman execs might not have been paid "enough." That's right--not enough. CNBC's Senior Economics reporter Steve Liesman was on "Morning Call" to discuss this way out contrarian argument.