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Goldman Bows to Pay Pressure

Goldman Sachs said its top 30 executives won't receive a cash bonus for 2009 and that shareholders will be given an advisory vote on executive pay.

 

Five AIG execs say may quit over pay

Five AIG execs say may quit over pay

Five senior executives at American International Group told the insurer last week they may quit if their compensation was cut significantly by the U.S. pay czar, the Wall Street Journal reported on Sunday.

 

BofA, execs owe 'billions' in Merrill lawsuit, Ohio AG says

BofA, execs owe 'billions' in Merrill lawsuit, Ohio AG says

Investors in a class-action lawsuit against Bank of America over the Merrill Lynch takeover are trying to collect "billions ...

 

U.S., Europe split on exec bonuses

U.S., Europe split on exec bonuses

How far to go in limiting bankers' bonuses looms as one of the toughest issues at this week's summit of world leaders in Pittsburgh, with clear differences between the U.S. and Europe.

 

Rio denies Chinese allegation of bribery

The Anglo-Australian mining giant rejected Chinese allegations that its employees detained in Shanghai were involved in bribery and stealing state secrets.

 

Stern Hu Detained In China, Australia Moves Cautiously In Effort To Free Executive

Stern Hu Detained In China, Australia Moves Cautiously In Effort To Free Executive

The government of Prime Minister Kevin Rudd has been walking a political tightrope since the detention last week of an Australian mining executive who is accused of stealing state secrets.

 

Goldman Sachs executives sell $700 million in stock: report

Goldman Sachs Group Inc executives sold almost $700 million worth of stock since the collapse of rival Lehman Brothers last year, the Financial Times said on Monday.

 

Twitter Expanding Executive Team: Hires General Counsel From Google, Looking For CFO

Twitter has hired Alexander Macgillivray, Google's associate general counsel for Product and IP, as their new General Counsel, we've confirmed.

 

House passes bill to limit executive pay

House passes bill to limit executive pay

The House of Representatives is considering legislation Wednesday that would grant Treasury Secretary Timothy Geithner the authority to ban future "unreasonable and excessive" compensation at companies receiving federal bailout money.

 

France Sets Executive-Pay Limits

France Sets Executive-Pay Limits

France banned companies that get state aid from issuing options to top managers, and it limited other forms of compensation.

 

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