Executives | featured news

The FDIC is close to settling a lawsuit that accused former Washington Mutual executives of taking gambles that sparked the thrift's 2008 collapse.

But corporate watchdogs are hopeful that the most egregious pay practices can be reined in as new 'say-on-pay' votes and other investor-friendly rules take effect. The $6.4 million that Jacobs Engineering Group Inc. paid Chief Executive Craig Martin last year normally wouldn't have raised many eyebrows.

Warren Buffett believes David Sokol clearly violated Berkshire Hathaway’s ethical standards when he bought stock in Lubrizol before recommending that Berkshire buy the chemical company.

Berkshire Hathaway said Wednesday that a former top executive who many believed might one day succeed Warren Buffett as CEO violated the company’s insider trading and ethics policies by buying stock in a chemical company Berkshire is acquiring and failing to disclose key details.

The defendants, including five in Los Angeles, allegedly cheated the government out of more than $225 million in false billing schemes.

Failings by Lehman executives and its auditor led to the collapse of the bank which unleashed the worst of the financial crisis, according to a report by a U.S. bankruptcy court-appointed examiner.

Angela F. Braly, president of WellPoint, told a House panel that higher premiums were justified by soaring costs.

The president of ConocoPhillips Alaska was killed in an avalanche and another person in his snowmobiling party is missing, according to Alaska State Troopers.

Top executives at troubled insurer American International Group have been struggling financially after taking personal losses in the wake of the near-collapse of the company last year, AIG's chief executive Robert Benmosche told the Wall Street Journal in an interview.

President, who lashed out at executives who "still don't get it," presses for more lending. President Obama reiterated his call Monday for the nation's banks to increase lending, saying that he was getting too many letters from small businesses unable to borrow money.