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General Motor's Ignition Recall Program Numbers
Monday, February 2, 2015 - 3:06pm | 363Read More...Kenneth Feinberg, administrator of the General Motors Company (NYSE: GM) faulty ignition-switch compensation fund, was recently on CNBC to talk about the numbers behind General Motor's ignition recall program following the passing of the January 31 deadline for claims submission. What Are...
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#PreMarket Primer: Monday, April 7: World Bank Lowers China's 2014 Growth Forecast
Monday, April 7, 2014 - 6:59am | 1015Read More...On Monday, the World Bank revised its growth expectations for the developing East Asia and Pacific region down to 7.1 percent for 2014 and 2015 from its previous forecast of 7.2 percent growth. The bank also trimmed its growth expectations in 2014 for China from 7.7 percent to 7.6 percent,...
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AIG Employees Accept Bonus Cut For Early Bonus (AIG)
Friday, January 29, 2010 - 8:40am | 138Read More...According to the Wall Street Journal, employees of American International Group Inc (NYSE: AIG) have accepted cuts in retention bonuses with the understanding that these bonuses will be advanced to the first week of February. The bonuses were earlier scheduled to be paid out in March. The company...
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John Havens, Highest Paid Executive At Citigroup (C), Earned $9 Million In 2009
Wednesday, January 6, 2010 - 8:44am | 123Read More...John Havens, head of Citigroup Inc's (NYSE: C) securities business, earned about $9 million in total compensation in 2009, a regulatory filing showed. In a filing with the U.S. Securities and Exchange Commission on Tuesday, Citi said Havens' pay package included 2.7 million shares of restricted...
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AIG Top Earners Flex Muscles For Compensation Increase
Tuesday, December 8, 2009 - 12:22pm | 159Read More...Pay-Czar Kenneth Feinberg has buckled down to pressure tactics of AIG (NYSE: AIG) executives who had threatened to leave the firm if their paygrades were not improved. As a result, Feinberg is likely to exempt approximately 75 of AIG employees from the $500,000 salary cap. This move has been...
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Base Pay Increased For Bailout Package Company Executives
Wednesday, October 28, 2009 - 10:30am | 152Read More...Wall Street Journal reported that Kenneth Feinberg, the Treasury Department Czar responsible for deciding the pay of company execs, has hiked base pay. This hike will be for finance and auto companies currently being administered the bailout package by the US Government. Feinberg allowed an...
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Average $18 mil in Salary to Citigroup (C) and Bank Of America (BAC) Managers
Monday, October 26, 2009 - 1:50pm | 91Read More...An average of $18 million was paid to managers at Citigroup Inc. (NYSE: C) and Bank of America (NYSE: BAC) even while the two banks together took a total of $90 billion in taxpayer funds to survive bankruptcy. According to records released Oct. 22 by Treasury Department paymaster Kenneth Feinberg,...
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Treasury May Curtail Top Exec Pays of Bailed Out Firms
Thursday, October 22, 2009 - 11:38am | 198Read More...Top executives of 7 bailed out companies, Bank of America Corp. (NYSE: BAC), American International Group Inc. (NYSE: AIG), Citigroup Inc. (NYSE: C), General Motors (NYSE: GRM), GMAC LLC (NYSE: GMA), Chrysler and Chrysler Financial, may have their salaries curtailed by half, if a new Treasury...
