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Fortune 500

Washington"s bonus tax fantasy

Tue 09/02/10 - 04:53:08 vs6
Hoping to ride the wave of populist outrage against financial firms like Goldman Sachs, lawmakers have been hard at work hatching legislative schemes aimed at reining in bonuses at firms that received billions of dollars in taxpayer aid. There are separate proposals from two Democratic members
Tags : money.cnn.com, title.Wash, Wall Street, Troubled Asset Relief Program, Tax, tarp, Morgan, Fortune 500, ceo, state lawmakers, employee bonuses, tax proposal, political football

John Thain"s turnaround challenge

Tue 09/02/10 - 02:52:37 vs6
But now that Thain has been tapped to steer CIT Group ( CIT , Fortune 500 ) out of its post-bankruptcy wilderness, he could be remembered as much more than the man who bought a $35,000 office toilet. He could become one of finance's greatest turnaround artists. That is because Thain has
Tags : money.cnn.com, stock, NYSE, Fortune 500, Exchange, Euronext, Euro, ceo, turnaround artists, initial public offering, business lender, floor traders, global marketplace, bitter dispute, electronic exchange, electronic trading

Former Merrill chief tapped to head CIT

Mon 08/02/10 - 04:52:23 vs6
CIT ( CIT , Fortune 500 ), the small business lender that emerged from bankruptcy in December , announced Sunday that it had chosen Thain to be its chairman and CEO. Thain held the top post at Merrill before it was sold to Bank of America ( BAC , Fortune 500 ) in September 2008, a
Tags : money.cnn.com, stock, Fortune 500, Exchange, ceo, business lender, commercial lender, financial crisis, outrage, bac, lavish spending, collapse, Bankruptcy, transitions

Super Bowl ads: An appeal to family

Mon 08/02/10 - 10:54:09 vs6
The highly anticipated spot from anti-abortion group Focus on the Family, featuring Heisman trophy winner Tim Tebow and his mother Pam, managed to avoid controversy, they said, mainly through the vagueness of its message. "That was a surprising ad because it was incredibly understated and very
Tags : money.cnn.com, Fortune 500, miracle baby, trophy winner, vagueness, voiceover, lip balm, dishwasher, five minutes, abortion

Buffett Tells Hog-Product Staff They’re on Farming Superhighway - Bloomberg.com

Sat 06/02/10 - 02:12:41 vs6
Feb. 6 (Bloomberg) -- Warren Buffett , the billionaire chairman of Berkshire Hathaway Inc. , told employees of the firm’s hog-products unit he expects the operation to expand for decades. Buffett became the second-richest American by investing in businesses he expects to grow for decades.
Tags : bloomberg.com, Warren Buffett, Specialist, Short, Quote, pig, Open, Fortune 500, decade, chief executive officer, ceo, title.Bloomberg, bloomberg, berkshire hathaway, hog farmers, billionaire chairman, eventual replacement, bummers, ctb

Goldman"s Blankfein collects $9 million bonus

Sat 06/02/10 - 06:12:12 vs6
Following weeks of speculation about what the top executive at Wall Street's leading investment bank would take home as his discretionary pay for 2009, the company revealed in a securities filing it was paying Blankfein 58,381 shares of company restricted stock. Using Friday's closing stock
Tags : money.cnn.com, Wall Street, Morgan, Fortune 500, ceo, impressive turnaround, public outrage, bonus payment, closing stock, restricted stock, member management, management committee, cash bonuses, top executive

JPMorgan"s Dimon scores $16M bonus

Fri 05/02/10 - 11:32:04 vs6
In a company filing with the Securities and Exchange Commission Friday, the New York City-based bank said Dimon would collect nearly 200,000 shares of restricted stock and more than a half million in options. According to a source familiar with the matter, Dimon did not receive a cash bonus.
Tags : money.cnn.com, Wall Street, title.Morgan, Morgan, Fortune 500, Exchange, Commission, ceo, public outcry, loan losses, base salary, cash bonus, restricted stock, employee compensation, company performance, financial health, stock price, banking industry, investment banking

Buffett"s Berkshire loses top S&P credit rating

Fri 05/02/10 - 08:18:24 vs6
Berkshire's rating was cut to "AA+," down one notch from "AAA," S&P said Thursday. The downgrade came on the same day Berkshire filed to sell $8 billion worth of bonds to help finance its $26 billion acquisition of Burlington. "We believe that the railroad acquisition will reduce what
Tags : money.cnn.com, title.S&P, S&P, Fortune 500, 408, liquidity position, capital adequacy, management succession, investment risk, balance sheet, liabilities, notch, amp, bonds, acquisition, uncertainty

Toyota: Apology but no new recall

Fri 05/02/10 - 07:51:44 vs6
Toyoda, the grandson of the company's founder, made his first public appearance in the two weeks that the company has faced a growing crisis over the safety and quality of its vehicles. The company's problems have affected 8.1 million vehicles worldwide and cost the company an estimated $2
Tags : money.cnn.com, Transportation, Standard & Poor's, General Motors, Fortune 500, market share growth, first public appearance, defect investigation, lock braking system, vehicle quality, safety officials, million vehicles, Automaker, accelerator, brakes, accidents

Lexus hybrid brakes under scrutiny

Fri 05/02/10 - 04:33:19 vs6
The company said it was checking the brakes on the Lexus vehicles -- as well as a Japanese model called the Sai -- because they use the same system as that used on the 2010 Toyota Prius. Toyota ( TM ) has announced no recall of these vehicles, however, and said it has not received any
Tags : money.cnn.com, Transportation, Repo, Invest, Fortune 500, occasional glitch, software glitch, gas pedals, million vehicles