top executives

Underwater stock options drive top executives turnover

Wed, 19 Nov 2008 23:00:00 -0600

(Wiley-Blackwell) A new study in Personnel Psychology reveals that voluntary top executive turnover was more likely to occur as executives' stock option portfolios fell further out of the money.

Nixing Bonuses, Goldman Sachs Sets the Bar for Wall Street

Tue, 18 Nov 2008 08:25:02 -0600

Goldman Sachs made a statement Sunday when it announced that its top executives will not earn bonuses this year.

Top Executives at UBS Will Not Get Bonuses

Mon, 17 Nov 2008 13:27:18 -0600

The Swiss banking giant joined Goldman Sachs in saying that its top executives would get no bonus this year as public scrutiny of bankers’ compensation intensified.

DealBook: A.I.G. to Help Cuomo Recover Executive Pay

Thu, 16 Oct 2008 18:13:39 -0500

The insurance giant agreed to help New York’s attorney general recover millions in improper expenses, including compensation to two former top executives.

AIG executives spent thousands during hunting trip

Wed, 15 Oct 2008 17:41:41 -0500

A handful of top executives from American International Group Inc. spent thousands of dollars during a recent English hunting trip, even as the New York-based insurer asked for an additional $37.8 billion loan from the Federal Reserve.

AIG spent thousands on execs’ hunting trip

admin — Wed, 15 Oct 2008 15:40:16 -0500

Lehman Brothers $100 Mil Executive Payout Before Bankruptcy

Wed, 15 Oct 2008 00:40:01 -0500

The Times of London reports that just three days before going bankrupt, the board of Wall Street financial giant Lehman Brothers “signed off on more than $100m (£59m) in payouts to five top executives.”

Dems Push For Oversight & Help For Homeowners in Bailout

Mon, 22 Sep 2008 20:15:13 -0500

Congressional Democrats began to set their own terms on Sunday for a plan to rescue the nation’s financial institutions, including greater legislative oversight of the Treasury Department, more direct assistance for homeowners and limits on the pay of top executives whose firms seek help. Outstanding!

Lehman and Its Staff Await Next Step

Fri, 12 Sep 2008 22:22:29 -0500

As rank-and-file employees confronted an uncertain future, top executives huddled in all-day meetings and braced for takeover bids, expected by Saturday afternoon.

Beleaguered Lehman racing to find buyer

admin — Fri, 12 Sep 2008 08:22:39 -0500

With Lehman Brothers' shares signaling another steep drop, top executives are racing to put a sale of the beleaguered investment bank in place before it loses further market value.