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Pay czar urged to stop BofA CEO pension (Reuters)

Reuters – A top U.S. labor group on Thursday asked the Obama administration’s “pay czar” to stop any retirement payments to Bank of America Chief Executive Ken Lewis. Read the original here: Pay czar urged to stop BofA CEO pension (Reuters)

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House committee wants GM, Chrysler documents – The Associated Press

Los Angeles Times House committee wants GM, Chrysler documents The Associated Press WASHINGTON — A House committee asked the Obama administration Friday to release documents on the federal bailouts of General Motors Co. and Chrysler Group LLC, seeking more details on decisions that led to the auto industry bankruptcies. … See …

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AIG Seeks Fed Approval On Executive Bonuses

American International Group’s plan to pay millions in retention bonuses to top executives caused a political firestorm a few months ago. Both the company and federal officials are hoping to avoid another fiasco. AIG has asked the Obama administration’s new “compensation czar” to approve the bonuses to shield the company from a public backlash. The Treasury Department says the consultation process is just getting under way. » E-Mail This      » Add to Del.icio.us

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