Tag:
Severance
Latest Headlines
Latest Headlines
Regulators probe MF Global for fraud
As it so often happens, the saga of MF Global has taken a nasty turn, right into the gutter. The New York Times reports that regulators are now investigating why hundreds of millions in customer funds cannot be accounted for. The company apparently self-reported to the SEC and CFTC that concer
NYSE execs could make millions from change-of-control provisions
If the Nasdaq OMX and IntercontinentalExchange succeed in breaking up the proposed marriage between the NYSE Euronext and Deutsche Bourse, the jilted executives will get paid handsomely.
The change in control provisions outlined in an NYSE Euronext SEC filing show that CEO Duncan Niederauer wi
Death threats and PR
Attorney Anastasia "Stasia" Kelly is no stranger to accounting ( accounting news) scandals. She was general counsel at MCI after the scandals there erupted. She joined AIG in 2006, after CEO Hank Greenberg was ousted but before the recent financial products scandal erupted.
In an interview
John Thain out at Bank of America
Unlike Citi CEO Vikram Pandit, John Thain definitely got a honeymoon when he took the top job at Merrill Lynch. The press was full of fairly glowing articles noting his technology background and Goldman Sachs bona fides. My, how things have changed.
The news that John Thain will leave Bank of
Bonus blues stalks big AIG, Wachovia
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 executives will give up pay raises in 2009. What else could the insurer do after accepting massive amounts
The price of a departing rainmaker
We should all leave on these terms. Michael Klein, who resigned as head of Citi 's investment banking division, will receive more than $42 million in cash and stock in severance. The Financial Times calls it "one of the largest sums paid to a departing banker who was not a chief executive s
