Fees from Lehman bankruptcy mount
In its death, Lehman Brothers has proven to be an amazing cash cow for one group: lawyers. The fees have been massive in the United States and the United Kingdom. The fees charged to the U.S. estate
Latest Feinberg report raps Citigroup, other banks
We knew it was coming, and now it has arrived. Kenneth Feinberg's parting shot as pay czar--he is about to assume his duties as BP claims czar--is a doozy. The New York Times reports that he will
Feinberg may force banks to give money back to government
Many banks are no doubt wishing that pay czar Kenneth Feinberg (Kenneth Feinberg news) would quickly move to his new assignment as administrator of BP claims. He's been enough of a thorn in their
$20 Billion BP Fund Administrator Feinberg to Appear Before Congress, Testify on Small Business Claims Process
WASHINGTON, June 28 /PRNewswire-USNewswire/ -- On Wednesday, June 30, 2010, at 10:00 a.m., the House Committee on Small Business will hold a hearing entitled, "Recovery in the Gulf: What the $20
Regulators say bank compensation problems still rife
The problem of executive pay--how to align it with performance and end what some might see as overly generous boards--has been discussed ad nauseum. But there are still signs that the industry has
Feinberg to decide whether to ask for firms to clawback billions
Kenneth Feinberg (Kenneth Feinberg news) has a big decision on his hands. He has been looking deeper into pay practices involving bonuses given out in 2008, reports FOX Business. And he has
Fifth Third and other small banks give CEOs big raises
Kenneth Feinberg having an impact?
Did you really think the pay czar's job was done? Not even close. The next step for Kenneth Feinberg, the special master for executive compensation at Treasury, is to review the compensation plans of
Hall in business with Occidental
Citigroup (C) has finally sold its Phibro energy trading unit for a price that seems far below what one would've expected. It's unclear how much Occidental Petroleum is paying for the commodities
AIG seeks to end bonus controversy
The headlines may well scream that AIG (AIG)--the one financial company that absolutely cannot argue that it did not need a taxpayer bailout--is paying another $100 million in bonuses to folks in its
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