GO
Loading...

Executive Compensation

More

  • Private Equity: A Safe Job Haven--Or Not? Thursday, 18 Sep 2008 | 11:43 AM ET

    Earlier this week, in a CNBC exclusive interview, Wilbur Ross, CEO of WL Ross & Co. noted that in the current tumultuous financial environment, private equity firms and buyout specialists may reap a rather depressing benefit--the ability to scoop up distressed banks at rock-bottom prices.

  • Given the considerable crossover between the banks—especially in investment banking groups such as fixed income, equities and leveraged finance—and the $7 billion in cost savings that BofA has already identified, there will certainly be several thousand job cuts announced at both firms in the next few months.

  • Lehman After Chapter 11: Where Can Employees Turn? Monday, 15 Sep 2008 | 2:08 PM ET

    Lehman Brothers’ bankruptcy means most of its 25,000 remaining employees will soon be out of job without a substantial severance package, leaving them with little breathing room with which to search for a new job.

  • Greenberg, Other Ex-AIG Execs Settle Pension Fund Suit Thursday, 11 Sep 2008 | 5:27 PM ET

    Former AIG Chairman and Chief Executive Officer Hank Greenberg and other former executives at the insurance giant have reached a settlement with a shareholder group suing them, a source close to the matter has told CNBC.

  • AIG Pays Former CEO a $47 Million Severance Package Tuesday, 1 Jul 2008 | 5:19 PM ET

    American International Group said it paid a $47 million severance package to former Chief Executive Martin Sullivan.

  • Grasso Victorious in Pay Case; Cuomo Won't Appeal Tuesday, 1 Jul 2008 | 4:19 PM ET

    The New York Supreme Court's Appellate Division Tuesday threw out a summary judgment decision that former New York Stock Exchange Chairman Richard Grasso must return a portion of his $187.5 million compensation package, and the New York attorney general's office says it will not appeal the decision.

  • NY Top Court Backs Dropped Claims in Grasso Pay Case Wednesday, 25 Jun 2008 | 9:59 AM ET

    The New York Court of Appeals upheld Wednesday a lower court ruling in a lawsuit involving the compensation paid to former New York Stock Exchange CEO Richard Grasso.

  • Poll: Are Execs Simply Paid Too Much? Tuesday, 13 May 2008 | 4:40 AM ET

    Top managers' perks will figure high on the agenda of tonight's meeting of euro zone ministers, the Eurogroup, in Brussels, with many European officials calling for curbs on bonuses and pay, papers reported on Tuesday.

  • EU Group Takes Aim at 'Fat Cat' Bonuses Tuesday, 13 May 2008 | 4:23 AM ET

    Top managers' perks will figure high on the agenda of tonight's meeting of euro zone ministers, the Eurogroup, in Brussels, with many European officials calling for curbs on bonuses and pay, papers reported on Tuesday.

  • I realize you’re all going to get on my case again for saying something nice about a home builder, but here’s the thing: After reporting the obscene amount of money a certain CEO of a certain mega-mortgage company raked in last year (Mozilo of Countrywide), I simply have to give a shout-out to Lennar for their no-performance, no-pay policy.

  • J&J, Merck & Wyeth Tops in Big Pharma CEO Pay Tuesday, 25 Mar 2008 | 11:31 AM ET

    As proxy statements pop up on www.sec.gov, investors can get a peek at who's making what. When you go to the web site, click on "Search for company filings," then click on "Companies and other filers," enter the ticker symbol, click on "Find companies" and then open up the "14A" or proxy statement.

  • Warren Buffett's performance vs. pay ratio, already enormous by Corporate America's standards, got even more impressive in 2007. In a SEC filing ahead of Berkshire Hathaway's annual meeting in early May, the company lists an annual salary of $100,000 for its Chairman and CEO.

  • Genentech In 2007: Stock Ends Down, Exec Comp Goes Up Thursday, 13 Mar 2008 | 12:26 PM ET

    Last year Genentech shares traded as high as nearly 88 dollars, but ended 2007 around 67 bucks. But according to the company's new proxy statement all of Genentech's top-tier executives saw their total compensation go up.

  • Investors lined up 2 hours before the Apple shareholder meeting began here in Cupertino, California. It's a little unusual for them to be here so early, and I thought it might be related to the company's 40 percent plunge since the beginning of the year.

  • Does CEO Pay Inspire Performance? Many Say No Thursday, 28 Feb 2008 | 1:24 PM ET

    Only 39 percent of big investors think the way U.S. companies reward top executives has helped improve corporate performance, and most believe that top managers have too much influence in setting their own pay, a new study has found.

  • NFL's Roger Goodell--He's Earned His Pay Tuesday, 26 Feb 2008 | 12:34 PM ET
    Roger Goodell

    The SportsBusinessJournal reported this week that the NFL's tax filing revealed that NFL commissioner Roger Goodell earned $6.5 million in his first seven months as commissioner from Sept. 2006 to April 2007. That would give Goodell a prorated salary of $11.2 million annually. .

  • CEO Pay Just Right, Most Directors Say in Survey Wednesday, 6 Feb 2008 | 12:31 PM ET
  • Countrywide CEO Mozilo to Give up $37.5 Million Monday, 28 Jan 2008 | 4:47 AM ET
    Angelo Mozilo

    Countrywide Financial Corp. CEO Angelo Mozilo, under fire over the size of his potential payout from the proposed sale of his troubled mortgage company, says he is forfeiting some $37.5 million in severance pay, fees and perks he was scheduled to receive upon his retirement.

  • Goldman CEO to Get $70 Million Paycheck: FT Thursday, 13 Dec 2007 | 2:47 PM ET

    Goldman Sachs Chairman and Chief Executive Lloyd Blankfein is likely to get a 30 percent pay rise this year to about $70 million, despite the liquidity squeeze which has seen shares in the banking sector tumble, the Financial Times reported on its Web site.

  • The Tom Brokaw piece on NBC Nightly News Monday night highlighting Warren Buffett's call for a higher tax rate on very wealthy Americans includes an excerpt from a sit-down interview with Buffett. We're now able to bring you Brokaw's complete interview with Buffett, only on CNBC.com.