Category: Uncategorized

Convicted Tyco CEO Gets Work Release

The former chief executive of Tyco International, sentenced from 8.33 to 25 years for embezzlement, was approved for a work release program last month. The New York State prisoner, L. Dennis Kozlowski, had been convicted of financial crimes in 2005…

Pay Cut in Half to $43.1 Million

The CEO who was reported as getting the largest entertainment industry payday in 2010 saw his earnings drop by nearly 50%. Phillippe Dauman, chief executive of media company Viacom had his compensation package reduced from $84.5 million to only $43.1…

Investors To Vote on Wall Street Paydays

Cuts in the paydays of large banks’ chief executives are expected to come up for shareholder votes throughout the year. This follows drops this year in which banking stock shares were often in the tank compared to the broader stock…

$13 Million Bonuses “An Outrage”

A bill introduced into the U.S. Senate this week to withhold the $13 million in bonuses planned for executives of mortgage giants Fannie Mae and Freddie Mac. One the bill’s sponsors, John Thune (R-S.D.) called the planned bonuses “an outrage.”…

Mickey Mouse Brings CEO $31.4 Million

The board of the Walt Disney Company said CEO Rober Iger deserved to be the Lion King because 90% of his compensation was based on incentives he earned. The Burbank, Calif. entertainment giant reached record profits last year. Based on…

Schwarzman Keeps Personal Fortune Secret

Called by The Wall Street Journal “one of Wall Street’s most prominent dealmakers,” Steven Schwarzman is worth about $4.7 billion according to Forbes, which ranks him as the 66th richest American. Despite national publications which already write about his vast…