corporate execs news stories on Newser

Wall Street Execs Still Fly Private Jets

Ambreen Ali — Mon, 22 Dec 2008 05:47:35 CST

Six ailing Wall Street firms that eagerly took bailout funds still spend thousands to operate fleets of private jets that whisk their executives to company—and personal—events, AP reports. AIG, which scooped up $150 billion from the government, beats its peers with a seven-jet fleet. Fuel alone for a...

Job-Hunting Execs Find It Tight at the Top

Rob Quinn — Sat, 29 Nov 2008 12:39:43 CST

Laid-off execs scrambling to find new six-figure salaries are facing fierce competition, Time reports. Thousands of high-end white-collar jobs have vanished recently, and many more are expected to go. Some top-level vacancies are still appearing, as execs retire or change jobs, but companies looking to fill their most powerful positions...

AIG CEO Cuts His Pay to $1

Kristina Loew — Tue, 25 Nov 2008 12:00:00 CST

As Congress continues to bail out corporate America, CEOs are canceling bonuses and cutting pay for their top executives—but no one has come close to AIG top executive Edward Liddy, reports the New York Post . The CEO, who took over the troubled insurance company in September, will take home...

FDIC's Bair Tops Women to Watch List

Jim O'Neill — Mon, 10 Nov 2008 09:15:27 CST

While two of Wall Street's top women—Morgan Stanley’s Zoe Cruz and Citigroup’s Sallie Krawcheck—fell from grace this year, the global economic storm has pushed several others, like the FDIC’s Sheila Bair and Bank of America’s Barbara Desoer to the top of the Wall Street Journal's 2008 50 Women...

Wall Street Execs Ponder Slashing Their Own Pay

Rob Quinn — Fri, 31 Oct 2008 05:33:54 CDT

Top Wall Street execs are considering heading off public outrage by cutting their own pay, insiders tell the Wall Street Journal . The big financial firms pay out billions in bonuses to their execs every year. They now fear a public relations disaster is looming as critics charge that the $125...

Top Black Donors Emerge as New Force

Jason Farago — Fri, 29 Aug 2008 07:27:39 CDT

Barack Obama's rise to the top of the Democratic Party has a special resonance for one group: African-American business leaders who, like the candidate, were among the first blacks to enter into all-white industries. As the New York Times reports, black lawyers, bankers, and corporate titans see in Obama an...

Exec: I Was Fired for Not Donating to Mitt

Kevin Spak — Thu, 07 Aug 2008 13:56:22 CDT

An ex-executive with a Chicago-based consulting group has filed an employment bias complaint, alleging that he was fired in part for his refusal to donate to Mitt Romney’s campaign, the Wall Street Journal reports. The complaint offers a rare glimpse into the machinery of corporate donations. In emails seen by...

In Good Times and Bad, Looks Matter

Katherine Thompson — Mon, 21 Jul 2008 13:07:35 CDT

Did so many people believe IndyMac CEO Michael Perry's assurances that his company was doing fine because of his baby face? A forthcoming study suggests that soft features like "large eyes, small nose, high forehead and small chin," engender more favorable bias in viewers, the Washington Post reports. The effect...

CNN Reporter: Corp. Execs Pushed Media to Play Up War

Jonas Oransky — Thu, 29 May 2008 09:58:02 CDT

CNN reporter Jessica Yellin charged on-air last night that “the press corps was under enormous pressure from corporate executives” to present the Iraq war consistently “with the patriotic fever in the nation and the president's high approval ratings.” Responding to Scott McClellan’s complaint that reporters were too “deferential,” Yellin—who...