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The post-mortem of the bankruptcy of Lehman Brothers has revealed some shocking information related to accounting gimmickry that saw executives at other firms (such as Enron and WorldCom) engaging...
Goldman Sachs is finding itself on the wrong end of more and more negative publicity. This time, the world's biggest soccer team Manchester United are taking it out on the firm.
The Board of Directors of Goldman Sachs has rejected demands made by a group of shareholders to overhaul the way it pays it's executives and employees. A lawsuit has also been filed.
Bank of America, the largest bank by assets in the US, and recipient of a taxpayer funded bailout, has just paid its Head of Global Banking and Markets 4.5 times more than it's CEO.
In 2001 Goldman Sachs structured a complex transaction to allow the Greek government, currently at risk of default, to report artificially lower debts.
Bonuses at Wall Street firms have increased 17% during 2009, with an average bonus of over $123,000 per worker. This is despite the industry starting into the abyss in 2008 and recovering from...
According to the plan, Davis will begin being vested in stock over three years. If shares of U.S. Bancorp are trading at its current price during 2013 and 2015, Davis would receive roughly $7...
plan by American Airlines, British Airways and other carriers to work more closely together coordinating schedules and sharing revenue on trans-Atlantic flights should win approval, the U.S....
The Software Publishing Industry report, published annually, contains timely and accurate industry statistics, forecasts and demographics. The report features 2010 current and 2011 forecast...
The once-mighty retailer is getting a digital makeover in an accelerated push to remain relevant in an unforgiving retail sphere.
Five years after hedge-fund billionaire Edward S. Lampert...
DESPITE THE ROCKY ECONOMY, QUICK-SERVICE RESTAURANTS ARE HOLDING their own. In the U.S., sales for the top 500 quick-service chains rose to $230.2 billion last year, up $7,6 billion from 2007...
Article | Dec 17, 2009 | Views: 73 | Comments: 0
Tags: shipping industry
Last night, Bank of America announced that Brian Moynihan was selected by the board to become the next CEO. I was particularly interested in this because I worked for five years at Fleet when he...
Fixing the problem of outlandish CEO pay isn't complicated, although anybody who wants to perpetuate the status quo could certainly obfuscate and make it seem that way. Here are five basic...