Kenneth Feinberg

According to the Wall Street Journal, employees of American International Group Inc (NYSE: AIG) have accepted cuts in retention bonuses with the understanding that these bonuses will be advanced to the first week of February. The bonuses were earlier scheduled to be paid out in March. The company...

John Havens, head of Citigroup Inc's (NYSE: C) securities business, earned about $9 million in total compensation in 2009, a regulatory filing showed. In a filing with the U.S. Securities and Exchange Commission on Tuesday, Citi said Havens' pay package included 2.7 million shares of restricted...

Pay-Czar Kenneth Feinberg has buckled down to pressure tactics of AIG (NYSE: AIG) executives who had threatened to leave the firm if their paygrades were not improved. As a result, Feinberg is likely to exempt approximately 75 of AIG employees from the $500,000 salary cap. This move has been...

Wall Street Journal reported that Kenneth Feinberg, the Treasury Department Czar responsible for deciding the pay of company execs, has hiked base pay. This hike will be for finance and auto companies currently being administered the bailout package by the US Government. Feinberg allowed an...

An average of $18 million was paid to managers at Citigroup Inc. (NYSE: C) and Bank of America (NYSE: BAC) even while the two banks together took a total of $90 billion in taxpayer funds to survive bankruptcy. According to records released Oct. 22 by Treasury Department paymaster Kenneth Feinberg,...

Top executives of 7 bailed out companies, Bank of America Corp. (NYSE: BAC), American International Group Inc. (NYSE: AIG), Citigroup Inc. (NYSE: C), General Motors (NYSE: GRM), GMAC LLC (NYSE: GMA), Chrysler and Chrysler Financial, may have their salaries curtailed by half, if a new Treasury...