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Bonus blues stalks big AIG, Wachovia

November 25, 2008 — 3:09pm ET | By Jim Kim
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...

Should revolving Goldman-government door be investigated?

November 17, 2008 — 2:36pm ET | By Jim Kim
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...

In praise of Government Sachs?

October 19, 2008 — 6:56pm ET | By Jim Kim
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 to step down from merged company

October 15, 2008 — 1:56pm ET | By Jim Kim
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...

Vikram Pandit lashes out in merger mess

October 8, 2008 — 12:03pm ET | By Jim Kim
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...

Wachovia execs to get big payouts?

September 30, 2008 — 5:40pm ET | By Jim Kim
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...

Wachovia turnaround underway?

August 12, 2008 — 8:08am ET | By Jim Kim
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...

Should Goldman Sachs buy a bank?

July 30, 2008 — 1:42pm ET | By Jim Kim
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...

Wachovia CEO buys shares

July 27, 2008 — 1:58pm ET | By Jim Kim
More CEOs need to do this: Robert Steel, newly minted CEO of troubled Wachovia, has purchased 1 million shares of Wachovia stock at a personal cost of more than $16... Read more...

Can Wachovia survive on its own?

July 10, 2008 — 5:49pm ET | By Jim Kim
Wachovia's new CEO, Robert Steel, has roots at Goldman Sachs, where he was vice chairman before moving into public service at the Treasury... Read more...