Burberry shareholders rejected a 20 million pound remuneration package for its new chief executive, Christopher Bailey. The Financial Times reports.» Read More
The banking sector has been hard hit by the financial turmoil and governments pumped tens of billions in banks but one of the conditions was that bankers get no bonuses. Tell us what you think.
I am boycotting the rest of the presidential campaign. I refuse to read or listen to any more rhetoric or attacks from either campaign. Obama blew his answer to the alleged plumber but McCain fumbled his prosecution of Obama at the debate last week. And now, everyone’s in a scrum to score points with Mr. Wurzelbacher, the wannabe business owner. Talk about fiddling while America is burning.
While employees in the financial sector have undoubtedly borne the brunt of recent job losses so far, more and more workers at all levels are facing an uncertain future, and find themselves facing a key question: "Where do I go from here?"
Gilded nameplates aside, being CEO is still a job. Jobs come with responsibilities, and with the natural expectation that these responsibilities will be fulfilled.
It's hell being a CEO or CFO these days. Well, try blogging. No sooner do I write something than it becomes outdated. So I'm going to blog about last week in hopes that history doesn't rewrite itself overnight.
Like a married man being interrogated by his wife about an alleged extramarital affair, Lehman Brothers CEO Dick Fuld sat in front of the House Committee on Oversight and Government Reform on Monday for nearly two hours.
A study presented to the House Steering Committee on Telehealth and Healthcare Informatics earlier this year cited that the country's health care system will require 40,000 additional health IT professionals (close to 40 percent) as the nation moves toward wider IT adoption.
We executives live with risk, but also work to mitigate it. And these times are riskier than normal. So at first glance it's no wonder that the media industry is bracing for a downturn in advertising.
As the finance industry currently stands, no one sails on unaffected. For those laid off during the crisis, experiences and perspectives vary. Vault.com spoke to several people who are coping with layoffs firsthand, and got their own take on how they are moving forward.
When searching for a new job, especially in finance, it’s essential to stay informed of current business news and trends, since they’re often the topics of interview questions and lunch meetings, and could affect where (and to whom) you’ll be sending your resume.
Did you hear the joke about the Wall Street CEO who made as much as $20 million for 18 days of work? Oh, sorry, it’s not a joke! Alan Fishman got a $7 million signing bonus for agreeing to take the helm of troubled Washington Mutual and he’s in line to get another $13 million in severance now that JPMorgan Chase will likely fire him after its acquisition of WaMu.
Just when it looked like the baby boomers would be riding off into the sunset, 401k's and other investments tucked securely in pockets to sustain them through retirement, along comes a "once in a century" financial meltdown and jeopardizes an entire generation's post-working life prosperity.
Irrespective of the bailout’s provisions, given the slow deal market, bankers throughout the industry will certainly receive much lighter bonuses this year versus last. And with the market expected to remain dry through 2009, bonuses next year won’t look much better.
Warren Buffett makes a surprise $5 billion endorsement to Goldman Sachs spacer, while Treasury Secretary Paulson agreed that a proposed $700 billion financial bailout be modified to put some limits on executive pay. Following are today's top videos:
You've been promoted above your peers—and ex-drinking buddies. How do you deal with the inevitable resistance and get them to fall in line behind you?
Everyone and their mother’s favorite industry observer are calling Morgan Stanley and Goldman Sachs’ status switch to holding companies the end of the large independent investment bank as we know it.
We have not seen the complete fallout from the market crisis yet. There will, no doubt, be more bank failures, consolidations and layoffs. This is a time to reflect, take inventory and prepare for the unknown.
In the funny business of bailing out Wall Street, Peter Morici--a professor of international business at the University of Maryland--insists one of the biggest problems in the current situation is the one thing he claims no one on CNBC wants to talk about: Wall Street salaries.
Much has been made in this Presidential campaign – and much more will be made – about the value of experience and who is qualified to lead. Often, relative youth is cited as a negative.
The fallout from the financial crisis plaguing Wall Street has become as nail-biting as a "Survivor" tribal council, and no one has experienced more drama than the staff of Lehman Brothers.