JP Morgan Axes WaMu's Top Execs
JP Morgan swiftly ended speculation about the fate of WaMu's top execs when the firm revealed Thursday that the majority of WaMu's top brass would be let go. Today.To be fair, JP Morgan only has so...
View ArticleOh No They Didn't! Lehman Execs Agreed To Pay Themselves $100 Mil Three Days...
And a quarter of that was for severance packages.The Times Of London Via 24/7 Wall Street: THE Lehman Brothers board signed off on more than $100m (£59m) in payouts to five top executives just three...
View ArticleBank Infusion Tries To Limit CEO Pay; Good Luck With That!
Part of Hank Paulson's brand-new British-inspired bailout plan unveiled Tuesday will target the massive pay packages given to Wall Street CEOs. (Because that's what caused the current economic...
View ArticleEverybody Freeze! Cuomo Cutting Off AIG Bonuses, Pay For Former CEO
After bullying AIG to stop gallavanting around on luxury retreats and paying its execs lavish salaries, Andrew Cuomo is taking the next step to ensure a lean lifestyle at AIG: He's freezing pay to...
View ArticleWhat Rebekah Brooks' Severance Buys Murdoch
Taking a hit for News Corp. may be the best-paying gig in journalism. Rebekah Brooks, former CEO of the group’s News International unit, reportedly got £3.5 million, or about $5.6 million, for stepping...
View ArticleThe Final Slap To MF Global Employees (MFGLQ)
In what represents the last blow to employees at MF Global, the court-appointed trust overseeing its bankruptcy has laid off over 1,000 people without severance and only four days of pay. Former...
View Article7 Of The Most Outrageous Severance Packages In Recent Wall Street History
We all know Wall Street pays itself handsomely to come into the office.But what about to leave?We've compiled some of those rare times when regulators, shareholders, religious leaders and the general...
View ArticleHP Pokes Holes In Meg Whitman's Golden Parachute (HPQ)
If current HP CEO Meg Whitman falls on her face, she can't expect to get the kind of over-the-top golden parachute severance package received by Mark Hurd and Leo Apotheker.In light of criticisms (and...
View ArticleBad News: You Just Got One Year's Severance
Sometimes bad news comes in the prettiest packages. One of the most common I see in the careers business is the generous severance payout. What seems like a gift from the highest graces too often turns...
View ArticleWomen Hate Negotiating So Much That They'll Lose $500,000 By The Age Of 60
It can be uncomfortable enough negotiating your salary and benefits, so throwing in a severance package can be intimidating. This is especially true if you're a woman. Joey Reiman at LittlePinkBook...
View ArticleRIM Gave Its Former Co-CEOs A Combined $12 Million In Payouts
It sure does pay well to manage a company's decline.After stepping down earlier this year, RIM's former co-CEOs Mike Lazaridis and Jim Balsillie were given a combined payout from the company of about...
View Article5 Things You Should Know Before Signing That Severance Agreement
Question: "I feel that I am being discriminated against at my job. I have worked there for 20 years with no problems at all. In the last month I have been written up once for something that has always...
View ArticleEx-CEOs Are Cashing In Big Time For Doing Almost Zero Work
For those CEOs that exit on their own terms rather than being pushed out, semi-retirement can be an extremely lucrative second career.Joanne Lublin at the Wall Street Journal finds that both the size...
View ArticleTime Warner Cable's CEO Severance Package Is Worth $80 Million
Time Warner Cable shareholders will have an opportunity to register their opinions about the golden parachute terms outlined this morning in the preliminary proxy for the proposed $45.2B merger sale to...
View Article6 Perks High-Earners Can Negotiate At Work
You already know the basics: Salary? You better be negotiating. Vacation? Also on the table. In fact, here are six things beyond your paycheck you can negotiate on the job, at pretty much any...
View ArticleYahoo just made changes that hint it expects to be sold soon (YHOO)
Yahoo just made changes that ensure all employees are entitled to their severance payments, even when just part of the business is sold — hinting a sale of its core operating business, or some other...
View ArticleJP Morgan Axes WaMu's Top Execs
JP Morgan swiftly ended speculation about the fate of WaMu's top execs when the firm revealed Thursday that the majority of WaMu's top brass would be let go. Today.To be fair, JP Morgan only has so...
View ArticleOh No They Didn't! Lehman Execs Agreed To Pay Themselves $100 Mil Three Days...
And a quarter of that was for severance packages.The Times Of London Via 24/7 Wall Street: THE Lehman Brothers board signed off on more than $100m (£59m) in payouts to five top executives just three...
View ArticleBank Infusion Tries To Limit CEO Pay; Good Luck With That!
Part of Hank Paulson's brand-new British-inspired bailout plan unveiled Tuesday will target the massive pay packages given to Wall Street CEOs. (Because that's what caused the current economic...
View ArticleEverybody Freeze! Cuomo Cutting Off AIG Bonuses, Pay For Former CEO
After bullying AIG to stop gallavanting around on luxury retreats and paying its execs lavish salaries, Andrew Cuomo is taking the next step to ensure a lean lifestyle at AIG: He's freezing pay to...
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