Topic: Kenneth Feinberg
Pay czar trims salaries at top of GM exec ranks
Reuters US Online Report Top News
PHOENIX (Reuters) - The U.S. pay czar will slash the number of top General Motors Co executives who will receive base salaries of more than $500,000 this year. Pay czar Kenneth Feinberg said he plans to release the 2010 compensation decisions next week on the five large U.S ...
PNC's Rohr gets $18 million, pay up by half in '09
Reuters US Online Report Business News
NEW YORK (Reuters) - Fresh off repaying U.S. taxpayers, PNC Financial Services Group <PNC.N> said on Thursday it gave Chief Executive James Rohr an $18 million pay package for 2009, according to a regulatory filing. Rohr did not get a bonus in 2009 because of restrictions on ...
GMAC CEO will receive no cash salary for 2010
AP News
After lucrative 2009, GMAC CEO agrees to take no cash salary for 2010 in deal with pay czarThe CEO of bailed-out auto finance giant GMAC Inc. will receive no cash salary for 2010 and will be compensated in restricted stock, under a deal approved by Obama administration pay czar Kenneth ...
Fed optimistic on changing Wall St pay
Reuters US Online Report Business News
WASHINGTON (Reuters) - The Federal Reserve expects the largest U.S. banks to make progress this year in overhauling their pay practices, while acknowledging that more dramatic changes may take longer to implement, a Fed official said on Thursday. Wall Street pay has been a frequent source of controversy in the ...
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