• Bear Stearns, CEO, James Cayne

    Jimmy We Hardly Knew Ye

    The people familiar with the matter have spoken once more, which can only mean one thing: another Wall Street chief is headed for the executioners block. The Wall Street Journal’s Kate Kelly is reporting that Jimmy Cayne has started notifying to board Bear Stearns that he plans to give up the CEO desk while remaining […]

    / Jan 7, 2008 at 9:29 PM
  • CEO

    WSJ: Citi Expected to Name Vikram Pandit CEO


    / Dec 11, 2007 at 2:13 PM
  • CEO, CEOs, John Thain, Merrill Lynch

    Merrill Lynch Makes It Official

    And we’re back to Thain already. Not that there was any doubt but it’s now official. Here’s the Merrill Lynch press release announcing that Thain takes the helm on December 1st. “Merrill Lynch & Co., Inc. (NYSE: MER) today announced that John A. Thain, chief executive officer, director and member of Management Committee of NYSE […]

    / Nov 14, 2007 at 4:29 PM
  • CEO, Merrill Lynch

    Stan O’Neal Weekend Watch
    Update: WSJ Says He’s Done.

    Red Sox Win!: They’re shipping up to Boston with the World Series trophy. Our friend Will Leitch at Deadspin said it best: “The Rockies did the best they could to make a game, or a series, out of it, but it just wasn’t happening: The Boston Red Sox were not to be denied.” We’re not […]

    / Oct 27, 2007 at 11:22 AM
  • CEO

    CEOs – The New Proletariat

    CEOs of the world, unite! Forget that CEOs make 364 times more than the average worker (not including perks and benefits) – the average PE and hedge fund manager makes 61 times that of the average CEO. Side rant regarding sub-workers: The study, conducted by the Institute for Policy Studies and United for a Fair […]

    / Aug 29, 2007 at 12:13 PM
  • CEO

    Capital One: Hat Trick of Bad Decisions

    Richard Fairbanks, the CEO, chairman, co-founder, and starting center of Capital One likens his business to a hockey game, because bad baseball metaphors are played out in his opinion. Fairbanks lives and breathes hockey. He co-owns the Washington Capitals, is a member of a full-contact rec team, coaches youth teams and drives a Zamboni to […]

    / Jul 10, 2007 at 9:30 AM
  • CEO

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    / Jun 15, 2007 at 4:11 PM
  • CEO, Executive Retirement

    Breaking: Qwest CEO Out!

    Qwest said this morning that chief exeuctive and board chairman Richard Notebaert plans to step down as soon as a successor is found.

    / Jun 11, 2007 at 9:11 AM
  • Banks, CEO, CEOs, Citi, Citicorp, Citigroup, Eddie Lampert, Hedge Funds

    Is Rubin Up For Citigroup’s Top Slot?

    Eddie Lampert may be betting that former US Treasury Secretary Robert Rubin is poised to take over as chief of Citigroup, according to a former colleague of both Lampert and Rubin. Earlier this week, Lampert’s ESL Investments disclosed that it had accumulated a 0.3% stake in Citi, setting off speculation about Lampert’s intentions. Speculation ranged […]

    / May 17, 2007 at 2:31 PM
  • CEO, Executive Pay, Executive Retirement

    The Great New York Times War Against Executive Compensation

    Sunday was a banner day for executive compensation. Make that a banner headline day. The business section of the Sunday New York Times was largely devoted to articles decryingreporting on executive compensation, including reporter Eric Dash’s long, splashy article on executive exit compensation. Now they’ve assembled an online version of the special section with over […]

    / Apr 9, 2007 at 10:37 AM
  • CEO, CEOs, Executive Pay

    Why Wall Street Chief Executives All Get Paid The Same Thing (Maybe)

    Earlier today we mentioned Graef Crystal’s column speculating about why the pay packages of Wall Street’s chief executives were so similar despite notable differences in the size of the institutions they manage. Crystal’s question is fair, especially since CEO pay largely tracks that of the firms they manage. Why should this pattern break down on […]

    / Apr 4, 2007 at 4:33 PM
  • CEO, CEOs, Executive Pay

    What Are They Smoking? The Wall Street Executive Pay Problem

    The pay packages for Wall Street’s highest executives is coming under a new sort of scrutiny. This time what seems to have attracted attention is not so much the huge amounts of money the chief executives received by chief executives of investments banks—but the strange similarity in the pay packages. We noticed this a couple […]

    / Apr 4, 2007 at 10:36 AM
  • CEO, CEOs, Executive Pay

    As It Turns Out, You Get What You Pay For

    Even when it comes the chief executives. From today’s Wall Street Journal editorial page: Watson Wyatt Worldwide has been tracking trends in executive pay for years. What it has found is that a CEO’s pay tracks a company’s three-year performance pretty closely. Thus, a company that offered its CEO a pay package in the middle […]

    / Mar 21, 2007 at 2:58 PM
  • CEO, Citigroup

    Citigroup’s Chuck Prince Gets More Money, Still No Working Fireplace

    Chuck Prince—who helms the good ship Citigroup as it continues to narrowly avoid wreckage on hazards called Demand for Break-Up, Stock Underperforming, Expenses Outrage, Unsatisfied Arabs and Maria Bartiromo—took in nearly $26 million dollars this year. That’s modest compared to some of his Wall Street peers but then Citigroup’s stock performance has been pretty modest […]

    / Mar 14, 2007 at 3:53 PM
  • CEO, CEOs, Citi, Citicorp, Citigroup, Sallie Krawcheck

    Gary Crittenden: The Ten Million Dollar Man or A CEO-In-Waiting

    So now we know how much it costs to buy off the chief executive of American Express—$10 million. That’s the compensation package for incoming Citigroup chief financial officer Gary Crittenden disclosed today in a filing with the Securities and Exchange Commission. That’s about twice what he was making as chief financial officer of American Express. […]

    / Mar 2, 2007 at 3:02 PM
  • CEO, Compensation, John Mack, Morgan Stanley

    Morgan Stanley Considers Goldman Sachsian Approach To Compensation (Follically-Speaking)

    John Mack, like the Tom Arnold of investment banking (take a second on that one), has overcome huge odds to fight his way back to the top of his game.** Last year, the Morgan Stanley chief, who was shown the door in 2001, received a raise of 38% to take home $41.4 million, reports CNN […]

    / Feb 26, 2007 at 11:59 AM
  • Banks, Bear Stearns, bonuses, CEO, CEOs, Compensation, Executive Pay, Goldman Sachs

    Bear Stearns Bonus Pool: Banking In The Shallow End

    Is it too early to start talking about bonuses for 2007? Bear Stearns doesn’t think so. It has already set up a bonus pool for its top executives, according to a recent SEC filing. From Reuters: A maximum bonus pool of $165 million has been established for a group of five senior executives that includes […]

    / Feb 22, 2007 at 9:05 AM
  • CEO, Private Equity, Thomas H. Lee, Univision

    Who Will Run Univision?

    The bidding war for the Spanish-language television network Univision was one of the greatest private equity stories of last year. Now the winners of that auction–including, Thomas H. Lee Partners, Texas Pacific Group, Madison Dearborn Partners, Providence Equity Partners and media mogul Haim Saba–are on the hunt for a CEO. Choosing the right man to […]

    / Feb 21, 2007 at 9:04 AM
  • Banks, Business Media, CEO, CEOs, Credit Suisse, CSFB, Roundups

    Who Is Brady Dougan? Marathons, Diet Soda, America, Cross-Dressing and Derivatives. A DealBreaker Media Roundup

    It’s now been a full day since Credit Suisse announced it had tapped American Brady Dougan to be its next chief executive. Everyone’s been scrambling to figure out just who this Dougan fellow is and what it means. Fortunately, DealBreaker spent our morning scouring the business media for news, insights and colorful stories so you […]

    / Feb 16, 2007 at 11:27 AM
  • Brady Dougan, CEO, CEOs

    Say Hello To Your New Boss: Brady Dougan Takes Over At Credit Suisse

    Despite the complaints we constantly hear about the outsized power of the Swiss from some of our favorite bankers at Credit Suisse here in New York, especially those few still lingering around from the days before they erased the name First Boston from the earth, Credit Swiss just put a young American in its corner […]

    / Feb 15, 2007 at 12:38 PM
  • CEO, Executive Pay

    Those Overpaid, Crooked CEOs

    Everyone knows that chief executives at public companies are overpaid by the corporate boards they keep in their hip pockets. Afterall, the Pulitzer Prize winning New York Times business writer Gretchen Morgenson tells them so every chance she gets. In fact, they are so overpaid that a lot of them are fleeing to privately held […]

    / Jan 12, 2007 at 3:48 PM
  • CEO

    Does Stakeholder Democracy Equal Politicized Corporations?

    Alan Murray’s essay on the fall of Bob Nardelli in the Wall Street Journal last week got a lot of attention. Murray pointed out that under Nardelli’s tenure, Home Depot had doubled sales and more than doubled earnings but this wasn’t enough to save his job. Nardelli, Murray argued, hadn’t adapted to the new requirements […]

    / Jan 8, 2007 at 9:39 AM
  • CEO, Executive Pay, Executive Retirement

    Home Depot, Now $210M Poorer, Still Has No Where To Open New Stores

    We were going to try our usual contrarian take here and explain that $435 million over six years isn’t that much money. But you know what? It is. Especially with falling profits diminishing profit growth and declining market share. We know that Bob Nardelli was probably forced out but really, how much forcing does it […]

    / Jan 3, 2007 at 12:02 PM
  • Airbus, CEO, Executive Pay

    The Yacht Wars Are Over: Let The Super-Corporate Jet Wars Begin

    Someone has finally discovered a use for the useless Airbus superjumbomamoth jet A380—converting them into personal jets for corporate executives! Writing in his Tuesday Morning Quarterback column, Greg Easterbrook describes plans how versions of the new superjets from Boeing and Airbus into luxury personal jets. The new Boeing 787 Dreamliner, due at airports in a […]

    / Dec 5, 2006 at 4:25 PM
  • CEO

    This Is B.S. What They’re Doing To You, (Insert CEO’s Name Here), Just B.S.

    Dominic Basulto, of the recently debuted American, investigates a major problem affecting upper-level management in today’s largest companies: CEO’s who don’t make enough money. Better break out the Kleenex– this one’s a tearjerker. “How do I feel about executive compensation?” said John Bogle, founder of Vanguard mutual funds. “Terrible.” CEO pay packages are “outrageous” and […]

    / Dec 5, 2006 at 12:35 PM
  • CEO, Craigslist, legal

    Our ‘Name That Extorted Executive’ Investigation Continues

    We’re getting closer and closer to identifying the Fortune 500 executive hit by a Craiglist extortist. In addition to the details we noted earlier, the complaint notes that the company is based in the Southern District of New York. Now, there are around 92 Fortune 500 companies located in New York State. But the Southern […]

    / Nov 28, 2006 at 9:19 AM
  • CEO, Craigslist, legal

    CraigsList Vixen-Villain Victimizes “Fortune 500 CEO”

    Meet Jessica Wolcott. Or, rather, you should probably hope you haven’t actually met Jessica. You see, she’s the 22-year-old who pleaded guilty last week to extorting $125,000 from a man identified in a U.S. District Court complaint as the chief executive of a Fortune 500 Company. Smoking Gun has the story. The CEO of a […]

    / Nov 27, 2006 at 4:17 PM
  • CEO, Compensation, Executive Pay, IAC Interactive

    Barry Diller Has 295 Million Reasons Not To Care What This Guy Thinks

    “By any objective measure, Barry Diller is grossly overpaid,” said Jonathan Weil, managing director of Glass Lewis tells the New York Times today. The story is about Barry Diller, the highest paid executive in America. Some say he’s paid $85 million. Others say it’s $295 million. So what’s the real deal? Basically, Barry Diller is […]

    / Oct 26, 2006 at 12:00 PM

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