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Bank chiefs` pay soars despite downturn Take-home is higher than before credit crunchThe heads of Britain's biggest banks are enjoying salaries far in excess of other leading chief executives - in spite of the recession. In fact, according to new research, the annual take-home pay of some senior bankers is larger now than it was before the credit crunch triggered the run on Northern Rock in September 2007. The revelation is likely to further anger members of the public and MPs who have expressed concern about remuneration levels in the City.A report last week by the treasury select committee claimed that the bonus culture among banks had encouraged a 'lethal combination of reckless and excessive risk-taking'. But according to a Channel 4 Dispatches programme to be screened tomorrow night, the basic pay of leading bankers has defied the economic downturn.The programme claims that, historically, bank bosses have been paid the same as their FTSE 100 peers, but in the past 10 years their salaries have outstripped them. Research GuardianUPA win could signal big reforms When the UPA came to office in 2004, there were great expectations from the 'dream team' of Manmohan Singh, P Chidambaram and Montek Singh Ahluwalia. The Times Of IndiaYRC Worldwide, AIG, Blockbuster are big movers Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Chemed Corp., down $2.32 at $38.88 The Department of Justice subpoenaed patient records dating back to 2003 from the healthcare services provider's hospice division. Topix.netHot in recession: Chocolate, sneakers, Spam Consumers have trimmed household budgets and postponed buying cars, major appliances and other big-ticket items. Yet they still are willing to shell out for small indulgences and goods. MsnMafia bank raid INTERNATIONAL gangsters have stolen the bank details of hundreds of Victorians in a fraud set to become the biggest in Australian banking history. CnetFederal judge rejects portion of WaMu shareholder lawsuit Washington Mutual's former executives and directors have been dealt a big win by a federal judge, who has rejected a portion of a massive shareholder lawsuit lodged against them. Biz JournalOutsourcing American dreams and Hollywood endings - LA Times: Commentary The Old World is becoming new, even as america -- at last -- is getting a little older. America was always wearing a big smile when it strode into our living room in damp and ghostly England: Lucille Ball, the Beach Boys, a shining young president with two small kids, all stepped down from the screen in the days just before the convulsions of Vietnam, and summoned my Indian-born parents and me to the Land of Promise and Unending ... NewsRackDrumBeat: May 17, 2009 - NewsTrust Yahoo Pipes Feed ON BOARD INDEPENDENCE HUB, Gulf of Mexico - One huge symbol of the nation's struggle with global warming is a roaring cube of steel that floats in the Gulf of Mexico south of Florida's Panhandle. As big as a 30-story building, it's an offshore rig that plunges an array of pipe and tubes a mile and a half to the frigid bottom of the Gulf. From there, the metallic tentacles spread across a patch of seafloor larger than Rhode Island. Then they bore more than a mile into sand, rock and incredibly rich pockets of natural gas. "We have some wells that are just unbelievable," said senior engineer Bob Buck of Anadarko Petroleum Corp., the rig operator. : Fossil fuels can't last forever. A new book plans for a world without them. The human mind ... NewsRackOutsourcing American dreams and Hollywood endings - LA Times: Opinion The Old World is becoming new, even as america -- at last -- is getting a little older. America was always wearing a big smile when it strode into our living room in damp and ghostly England: Lucille Ball, the Beach Boys, a shining young president with two small kids, all stepped down from the screen in the days just before the convulsions of Vietnam, and summoned my Indian-born parents and me to the Land of Promise and Unending ... NewsRackU.S. Regulators Clash Over Holding Bank Management to Account The clash intensified as supervisors completed last week's stress test results on the biggest U.S. banks. Topix.net1 2 3 |
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