Obama to Cut Off Wall Street’s Huge Packages
The Obama administration is expected to cap executive pay at TARP-sponsored companies at $500,000.
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The Obama administration is expected to cap executive pay at TARP-sponsored companies at $500,000.
The House Financial Services Committee chair is having the heads of bailed-out banks to Washington for a little chat.
Thankfully, he wasn't behind the wheel. Plus, Mickey Rourke writes thank-you notes, and other surprises, in today's gossip roundup.
The former Citigroup CEO didn't think a thing of taking one of the company's private jets to Mexico on vacay.
First they were buying a new jet to save them several million dollars, now they are spending several million dollars to NOT buy it. Jeez Louise.
The recently released Merrill Lynch CEO had a date with CNBC's Money Honey today. Verdict: Awkward.
The Oppenheimer and Co. analyst suggests a massive 'yard sale.'
And you know what? That really pissed people off.
"There is no truth to the rumors" of the CEO's demise, says a random board member.
The beleaguered bank has put the kibosh on its annual holiday installation.
This year, they'll spread the (government) wealth to the little people.
Vikram Pandit will announce the job cuts at a friendly, 'town hall' style meeting today.
Citigroup and Wells Fargo’s fight for Wachovia reminds us of a classic Hollywood love story — with a weird and brutal twist.
Will this be thing thing that makes Citi CEO Vikram Pandit stop smiling?
Though the FDIC is quick to assure customers that Wachovia has not ‘failed,’ the government spent the weekend helping Citigroup finance a deal.
A lot of big news at the banks today — but there's also crazy stuff going down with Jeff Zucker, Dan Rather, Brooke Astor (from beyond!), and Barack Obama, in our daily industry roundup.