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| Obama Calls Wall Street Bonuses ‘Shameful' President Obama branded Wall Street bankers "shameful" on Thursday for giving themselves nearly $20 billion in bonuses as the economy was deteriorating and the government was spending billions to bail out some of the nation's most prominent financial institutions. Corporate Governance News 1/30/2009 12:00:00 PM By SHERYL GAY STOLBERG and STEPHEN LABATON  Clip This Article |  Email This Article |
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| Dodd Slams Wall St. Bonuses, Warns Firms Senator Christopher Dodd, chairman of the Banking Committee, today fired a warning shot at Wall Street firms who doled out $18.4 billion in bonuses to financial employees despite the financial crisis and mega-bailout plan, saying they would be summoned before his committee if taxpayer money were involved in any way. Corporate Governance News 1/29/2009 12:00:00 PM By Kate Phillips Clip This Article | Email This Article |
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| Obama: big Wall Street bonuses 'outrageous' President Barack Obama believes the multi-billion dollar bonuses that Wall Street banks awarded themselves for 2008 are "outrageous", White House spokesman Robert Gibbs said on Thursday. Corporate Governance News 1/29/2009 12:00:00 PM Reuters Clip This Article | Email This Article |
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| Geithner's redemption Tim Geithner's tax problems have made for an interesting sideshow. But the real question about our new Treasury secretary isn't his foolishness (or sloppiness) in failing to pay some of his taxes until after President Obama's folks knocked on his door. It's whether he'll have the juice - and moral standing - to fill his most important role: reassuring the public and the financial markets that someone in charge in Washington knows what he's doing. Corporate Governance News 1/29/2009 12:00:00 PM By Allan Sloan Clip This Article | Email This Article |
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| The Federal Bailout Hasn't Fixed Bank of America Bank of America's (BAC) spectacular fall from grace has driven home two key points. First, even lenders that seem relatively safe from the credit storm can find ways to steer right into it, resulting in multibillion-dollar losses and brutal share sell-offs. Second, Washington's $138 billion rescue package of the Charlotte lender, cobbled together on the fly, is failing. Corporate Governance News 1/28/2009 12:00:00 PM By David Henry, Matthew Goldstein and Roben Farzad Clip This Article | Email This Article |
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| Apple Board Could Look To McDonald's Example On Jobs's Health As the board of Apple Inc. (AAPL) faces questions about how to address Chief Executive Steve Jobs's health problems, it might consider the challenges faced by McDonald's Corp. (MCD) five years ago. Corporate Governance News 1/28/2009 12:00:00 PM Ben Charny Clip This Article | Email This Article |
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| Thain to pay back office decorating costs NEW YORK - Former Merrill Lynch Chief Executive John Thain said Monday he plans to reimburse Bank of America for a $1.2 million renovation of his office a year ago, calling the cost "a mistake in light of the world we live in today." Corporate Governance News 1/26/2009 12:00:00 PM Reuters Clip This Article | Email This Article |
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| Pfizer Agrees to Pay $68 Billion for Rival Drug Maker Wyeth The board of Pfizer, the world's largest drug maker, agreed to acquire a rival, Wyeth, for $68 billion, the companies announced Monday. Corporate Governance News 1/26/2009 12:00:00 PM By ANDREW ROSS SORKIN and DUFF WILSON Clip This Article | Email This Article |
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| CEO pay consultants raising eyebrows Former NiSource Chief Executive Gary Neale's total pay more than doubled after the Merrillville energy company inherited a valuable service contract with Hewitt Associates, which also advises NiSource's board on executive pay. Corporate Governance News 1/26/2009 12:00:00 PM Daniel Lee. Clip This Article | Email This Article |
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| Battle for Gaylord Entertainment just heating up With one of Gaylord Entertainment Co.'s largest shareholders trying to elect its own slate of directors to the board, it may be a tough battle for the Nashville powerhouse. Corporate Governance News 1/23/2009 12:00:00 PM Jenny Burns Clip This Article | Email This Article |