Articles Tagged with ''Executive compensation''

Wells Fargo CEO Tim Sloan lands $2 million bonus day after congressional beatdown

Some members of Congress called for his firing, instead he got a raise
Looks like Tim Sloan's week is looking up. On Tuesday, the Wells Fargo CEO received a brutal lashing from Congress during a four-hour hearing before the House Financial Services Committee, during which he was raked over the coals for the bank's numerous misdeeds. But just a day later, the board of directors gave Sloan a 5% raise, increasing his total pay to a whopping $18.4 million, which includes a $2 million bonus.
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Monday Morning Cup of Coffee

A look at the stories across HousingWire’s desk during the holiday break…with more coverage to come on bigger issues: All eyes are on the GSEs as the government will soon pull money out of the secondary markets and information on new, more taxpayer-friendly executive pay packages becomes available.
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How Much Does Your Community Organizer Make?

During the course of my exploration of non-profit housing counseling groups, the efforts of which you can read about in the September edition of HousingWire, I learned a lot about the strategies of groups like the Association of Community Organizers for Reform Now (ACORN), its affiliate group ACORN Housing, the National Urban League (NUL), the Neighborhood Assistance Corporation of America (NACA) and the National Council of La Raza (NCLR).
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TARP Firms Face Compensation Limitations

The US Treasury said late today it has established standards for executive compensation at firms receiving TARP assistance. The restrictions are meant "to protect the taxpayers and mandate compensation practices that maximize the value of the firm for shareholders," the Treasury said in a press statement. The new regulations will limit executive compensation for certain executives and highly compensated employees at companies receiving TARP funds, curtailing the payment of golden parachutes.
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Citi Overhaul May Reach Top Executives

The Federal Deposit Insurance Corp. (FDIC) is reportedly pushing for a massive overhaul among top executives at Citigroup [stock C][/stock] as the bank restructures to raise capital. FDIC chair Sheila Bair called for efforts from another regulator to lower the US government's own confidential rating of the bank's viability, making room for regulators to more closely control the goings on at Citi, unnamed sources told the Wall Street Journal.
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Pay-For-Performance Bill Passes House Vote

The Grayson-Himes pay-for-performance legislation passed the House of Representatives in a 247-171 vote late Wednesday. House Democrats carried the vote with 237 in favor. Ten House Republicans also voted in favor of the bill, while eight House Democrats voted against it. The bill -- sponsored by Alan Grayson, D-Fla., and cosponsored by, among others, James Himes, D-Conn.
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