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Pay czar vows to rework AIG bonuses
WASHINGTON (Reuters) - Renegotiating bonuses to American International Group employees is a "top priority," the Obama administration's pay czar said on Wednesday, adding he believes he can do so without losing key employees.
Activities:2008 AIG Crisis Source:(Reuters)
2009-10-28
U.S. cuts pay at bailed out firms, BofA hits back
WASHINGTON (Reuters) - The U.S. pay czar on Thursday slashed compensation for top earners at seven bailed-out companies for the final two months of the year, and was immediately slammed by the country's largest bank which claimed the cuts could send talent fleeing.
People:Barack Obama Activities:2008 U.S. Financial Rescue
2009-10-22
Administration plans big pay cuts at bailout firms
WASHINGTON - The Obama administration will order companies that received huge government bailouts last year to slash the base salaries of their top executives by an average of 90 percent and cut their total compensation in half, a person familiar with the decision said Wednesday.
Activities:2008 U.S. Financial Rescue Source:(AP)
2009-10-21
Charlotte in same predicament as Wall Street
CHARLOTTE, N.C. - The financial collapse has hit the city known as Wall Street South.
Nations:U.S. Activities:Global Financial Crisis Source:(AP)
2009-02-14
GMAC posts profit, but main units lose money
NEW YORK - Finance company GMAC LLC, which in December won a $6 billion government bailout, posted a $7.46 billion fourth-quarter profit on Tuesday because of a one-time gain, but its main operating units lost money amid higher credit losses and slumps in the housing and auto markets.
2009-02-03
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