May 22nd, 2009 - The Huffington Post
Treasury Secretary Timothy Geithner called for major changes in compensation practices at financial companies and said the Obama administration's plan to help realign pay with performance will be rolled out by mid-June.
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Newsweek: How To Solve Medicare And Social Security - Let Tham Go Bankrupt, Soon
May 24th, 2009 - The Huffington Post
When the trustees of Social Security and Medicare recently reported on the economic outlook for these programs, the news coverage was universally glum. The recession had made everything worse...
SEC staff faces tighter stock trading rules-report
May 23rd, 2009 - BusinessWeek
Employees of the Securities and Exchange Commission face tough new stock-trading rules, according to a report, after an investigation in the trading of two people on the regulator's staff.
Morgan Stanley reforms compensation scheme
May 22nd, 2009 - FT
Morgan Stanley is changing its compensation scheme by de-emphasising the year-end bonus and increasing executive salaries as the Obama administration prepares to introduce a set of broad reforms aimed at changing Wall Street’s pay incentives.
AIG May Find CEO Candidates Shun Obama Pay Parity
May 22nd, 2009 - Bloomberg
May 22 (Bloomberg) -- American International Group Inc.,seeking its fifth leader since 2005, may be rejected bycandidates unwilling to accept a pay cut to try to turn around amoney-losing insurer under pressure to limit executive pay.
Les Leopold: Fear and Looting in America: Geitner Caves to Wall Street
May 19th, 2009 - The Huffington Post
"I don't think our government should set caps on compensation," Timothy Geither, treasury secretary, told a private Newsweek luncheon on May 19. That makes it official...
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