The rates of increase in CEO pay at large S&P index firms were up to four times higher than those at small S&P index firms, according to a recently released report.
Troubled insurance giant American International Group will freeze compensation payments to former CEO Martin Sullivan.
Groupe Caisse d'Epargne, third largest French consumer banking network has ousted its chairman and CEO after suffering a nearly €695 million ($931 million) trading loss on Oct 6.
After a $85 billion federal bailout, you might be tempted to hold a retreat in an exclusive California resort, and that’s what American International Group executives did.
Axel Miller, the leaving CEO of Dexia, the Franco-Belgian bank rescued from final collapse earlier this month, guaranteed he will not ask for a pay-off when he quits the company.
Software Giant is to open three Internet search technology centers, in Paris, London and Munich.
The debate did not take more than twenty-four hours before hitting the fan. According to his contract, the Franco-Belgian Bank Dexia’s CEO, Axel Miller, who resigned while the bank was being bailed out by French and Belgian’s government, is said to be leaving the company with a €3.7 million ($5.2 million) golden handshake.
Between 2003 and 2007, five high profile US fund banks' CEOs (Goldman Sachs' Lloyd Blankfein, Morgan Stanley's John Mack, Lehman Brothers' Richard Fudd, Merrill Lynch's Stanley O'Neal, Bear Stearns' James Cayne) received record breaking pays that are sparking off fierce debate.
Treasury Secretary Henry Paulson agreed to accept executive pay limits for the C.E.O.s of Wall Street firms slated to benefit from the $700 billion bailout initiative winding through Congress.
The bailed out lender's new CEO, David Moffett, is to receive base pay that is 25% lower than his predecessor.
Welcome to CEO Watch, where we take stock of the business world's major players, while providing weekly news roundups from the world of Wall Street. Here we profile the CEOs and their firms – those reinventing their companies amid bleak economic times and those unlikely to recover from historic losses. We tally Corporate America's wins and losses while providing insight into the capitalism's insiders. We mean business.
