Robert Steel news from FierceFinance

You knew this was coming. In hindsight, it seems remarkable that the CEO of Bank of America hung on as long as he did. Ken Lewis was a celebrated executive for most of his career, a Banker of the... Read more...

Now this is a good PR move. Jamie Dimon, CEO of JPMorgan Chase, has purchased 500,000 common shares in the bank, reports MarketWatch. At $22.92 each, the investment cost more than $11 million.... Read more...

AIG definitely made the right move in announcing that its CEO would receive a $1 salary for 2008 and forego a bonus. The six other top executives will give up bonuses as well. About 50 other... Read more...

It's a grand tradition at Goldman Sachs: Retire wealthy and go into public service. Henry Paulson is but one example of a former Goldman exec who moved into the highest echelons of government. But so... Read more...

At Goldman Sachs, the goal of all the really big wigs has long been to retire gracefully and do something for society. That was really the only way to prove your bona fides. Over the years, that... Read more...

Robert Steel, we hardly knew ye. The CEO of Wachovia, which recently agreed to merge with Wells Fargo, says he will not stay at the combined company, as there isn't really an operating role for him.... Read more...

Just when you thought that a measure of peace would prevail in the Wachovia-Wells Fargo-Citi mess, Citi CEO Vikram Pandit decides to shake things up. The Financial Times reports that in a "town hall"... Read more...

Here's some grist for the political mills that are churning in high gear right now: Three of Wachovia's top executives have change-in-control agreements that could result in multi-million payouts if... Read more...

The pressure is on for Robert Steel, the new CEO of Wachovia, who has raised the number of jobs the bank will cut. The AP reports that in a quarterly SEC filing, the bank... Read more...

People tend to assume Goldman Sachs wields extraordinary power over Wachovia. The recent appointment of Robert Steel, a former Goldman Sachs executive, as the troubled... Read more...