Read more golden parachutes stories on Newserhttp://www.newser.com/taggrid/34440/golden-parachutes.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 13:28:48 CSThttp://www.newser.com/story/70782/lewis-due-a-mere-53m-from-bofa-pension-plan.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAn executive pension plan Bank of America stopped in 2001—along with “golden parachute” balloon payments to execs leaving the company—will yield about $53 million for departing CEO Ken Lewis. Lewis, 62, participated for years in the plan, which was frozen the year he ascended to the top job....http://www.newser.com/story/70782/lewis-due-a-mere-53m-from-bofa-pension-plan.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 01 Oct 2009 20:08:59 CDThttp://www.newser.com/story/54782/ousted-gm-boss-gets-20m-retirement-payout.html?utm_source=syn&utm_medium=rss&utm_campaign=tagIf Rick Wagoner is upset about being forced out of his job as GM’s CEO, his $20 million retirement package should provide some consolation, ABC News reports. Though Treasury rules prevent Wagoner from collecting severance pay, the ousted exec is still eligible for an “Executive Retirement Plan” and a “Salaried...http://www.newser.com/story/54782/ousted-gm-boss-gets-20m-retirement-payout.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 30 Mar 2009 12:33:37 CDThttp://www.newser.com/story/45331/bailout-exec-pay-limits-have-no-bite.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThanks to a last-minute change pushed by the Bush administration, the $700 billion bailout has a giant loophole Wall Street executives will be able to float golden parachutes through. Congress put unprecedented restrictions on lofty pay into the final bill, but the only enforceable one became inapplicable after a one-sentence...http://www.newser.com/story/45331/bailout-exec-pay-limits-have-no-bite.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 15 Dec 2008 7:36:01 CSThttp://www.newser.com/story/44046/put-the-brakes-on-car-chiefs-pay-uaw-boss.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe nation's Big Three automakers should pledge to limit executive pay—including bonuses and severance packages—in exchange for federal money, insists the president of the United Auto Workers. Ron Gettelfinger warned that everyone is going to have to tighten his belt, including the rank-and-file, in order to save jobs....http://www.newser.com/story/44046/put-the-brakes-on-car-chiefs-pay-uaw-boss.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 01 Dec 2008 4:11:35 CSThttp://www.newser.com/story/40056/ny-probes-aigs-golden-parachutes-spending.html?utm_source=syn&utm_medium=rss&utm_campaign=tagNew York's attorney general today called on AIG's directors to recover millions in “outrageous expenditures,” including golden parachutes to executives even as it neared the collapse that brought an $85 billion federal intervention, the Wall Street Journal reports. Andrew Cuomo is investigating whether the insurer broke state law by making...http://www.newser.com/story/40056/ny-probes-aigs-golden-parachutes-spending.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 15 Oct 2008 15:56:01 CDThttp://www.newser.com/story/38312/white-house-caves-on-golden-parachutes.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe White House bowed on a crucial change in the $700 billion bailout today ahead of a speech tonight in which President Bush hopes to pull loudly resistant lawmakers on board. Republican officials said Henry Paulson agreed to demands from critics in both parties to limit the “golden parachute” money...http://www.newser.com/story/38312/white-house-caves-on-golden-parachutes.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 24 Sep 2008 15:40:02 CDThttp://www.newser.com/story/37587/her-golden-parachute-fine-with-mccain.html?utm_source=syn&utm_medium=rss&utm_campaign=tagJohn McCain and Sarah Palin made a point yesterday of blasting CEOs who left their companies with multimillion-dollar golden parachutes while workers and shareholders suffered. But McCain’s top economic adviser deployed just such a shiny parachute when Hewlett-Packard ousted her, ABC News reports. Carly Fiorina pocketed $45 million, even as...http://www.newser.com/story/37587/her-golden-parachute-fine-with-mccain.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 16 Sep 2008 14:10:01 CDThttp://www.newser.com/story/36984/fannie-freddie-ceos-in-line-for-millions-in-severance.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe CEOs of Freddie Mac and Fannie Mae will receive millions in severance pay, pension payouts, and other benefits after the government’s takeover of the mortgage giants, the Los Angeles Times reports. Fannie’s Daniel Mudd stands to take away $7.3 million, and Freddie’s Richard Syron will get $6.3...http://www.newser.com/story/36984/fannie-freddie-ceos-in-line-for-millions-in-severance.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 09 Sep 2008 11:12:15 CDT