Executives | featured news

Yahoo's Carol Bartz began rolling out a new management structure, in moves that will overhaul top executive ranks at the Internet company.

Chase CEO Jamie Dimon, whose bank received $25 billion in bailout funds from the government, refused to tell CNBC anchor Melissa Francis how the bank is performing this quarter.

"Can you tell me how this quarter is doing for JPMorgan?" Francis asked.

Dimon's brief response: "I can't."

Postmaster General John E. Potter recently warned that economic times are so dire that the U.S. Postal Service may end mail delivery one day a week and freeze executive salaries. He failed to mention that his own total compensation and retirement benefits to more than $800,000 in 2008. That is more than double the salary for President Obama.

Facing a stricter approach to limiting executive bonuses than it had favored, the Obama administration wants to revise that part of the stimulus package even after it becomes law, White House officials said Sunday.

After selling a majority stake in Miami-based City National Bancshares last November, $60 million of the proceeds, out of his own pocket, got handed out to his tellers, bookkeepers, clerks--everyone on the payroll. All 399 workers on the staff received bonuses, and he even tracked down 72 former employees to give them bonuses.

Omar Siddiqui, a top executive at Fry's Electronics, was coveted and coddled by Las Vegas casinos. Now he faces fraud charges.

Omar Siddiqui was well-known on the Strip.

A provision buried in the stimulus bill would impose restrictions on executive bonuses at companies reaping bailout money.

Wall Street bankers, with their $18 billion in bonuses, private jets and gaudy conferences, are causing headaches for the GOP.

President Obama has proposed capping compensation for executives at banks that take taxpayer bailout money at $500,000. Republicans hate the idea, which puts them uncomfortably on the side of people currently about as popular as child-porn producers and subprime mortgage brokers.

President Obama on Wednesday announced a salary cap of $500,000 for top executives at companies that receive large amounts of bailout money.

President Barack Obama issued a withering critique Thursday of Wall Street corporate behavior, calling it "the height of irresponsibility" for employees to be paid more than $18 billion in bonuses last year while their crumbling financial sector received a bailout from taxpayers.