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US: On Wall Street, Bonuses, Not Profits, Were Real
by LOUISE STORYThe New York Times
December 17th, 2008
As regulators and shareholders sift through the rubble of the financial crisis, questions are being asked about what role lavish bonuses played in the debacle. Scrutiny over pay is intensifying as banks like Merrill prepare to dole out bonuses even after they have had to be propped up with billions of dollars of taxpayers’ money.

US: In Factory Sit-In, an Anger Spread Wide
by MONICA DAVEYNew York Times
December 7th, 2008
In a glimpse at how the nation’s loss of more than 600,000 manufacturing jobs this year is boiling over, workers laid off from Republic Windows and Doors, said they would not leave, after company officials announced that the factory was closing. The workers were owed vacation and severance pay and were not given the 60 days of notice generally required by federal law in lay-offs.

US: No Bonuses for 7 Senior Executives at Goldman
by BEN WHITEThe New York Times
November 16th, 2008
As public scrutiny of Wall Street pay intensifies, one bank has already decided what it will award in bonuses to its top seven executives this year: nothing.

US: U.S. May Take Ownership Stake in Banks
by Edmund L. Andrews and Mark LandlerNew York Times
October 8th, 2008
In fresh efforts to stem persisting turmoil in the credit markets, the US Treasury Department is considering partial nationalization of numerous U.S. banks. Insurance giant A.I.G. will also receive a further injection of $37.8 billion.

US: Fannie Mae, Freddie Mac Takeovers Cost U.S. Banks Billions
by John HechingerWall Street Journal
September 23rd, 2008
About a quarter of the nation's banks lost a combined $10 to $15 billion in the wake of the federal government's takeover of Fannie Mae and Freddie Mac. The losses are galling to small bankers because they took pains to avoid the exotic loans and loose underwriting standards that have hobbled Wall Street titans and some huge banks.

US: Companies Cut Holes in CEOs' Golden Parachutes
by PHRED DVORAKWall Street Journal
September 15th, 2008
Top executives at Double Eagle Petroleum Co. signed employment agreements this month that curtailed a time-honored executive perquisite: the executives don't get severance in cases of "poor performance."

US: Regulator Plans to Bar Big Severance
by JAMES R. HAGERTYWall Street Journal
September 15th, 2008
The regulator of Fannie Mae and Freddie Mac said Sunday that it won't allow the companies to make "golden parachute" severance payments to the mortgage companies' ousted chief executive officers.

US: UnitedHealth Ex-CEO Settles Pay Case
by VANESSA FUHRMANS Wall Street Journal
September 11th, 2008
Former UnitedHealth Group Inc. Chief Executive William McGuire agreed to pay $30 million and forfeit 3.7 million stock options to settle shareholder claims related to options backdating, adding to what was already one of the largest executive-pay givebacks in history.

US: Companies Tap Pension Plans To Fund Executive Benefits
by ELLEN E. SCHULTZ and THEO FRANCISThe Wall Street Journal
August 4th, 2008
In recent years, companies from Intel Corp. to CenturyTel Inc. collectively have moved hundreds of millions of dollars of obligations for executive benefits into rank-and-file pension plans. This lets companies capture tax breaks intended for pensions of regular workers and use them to pay for executives' supplemental benefits and compensation.

US: Fannie Mae Ex-Officials Settle
by JAMES R. HAGERTYWall Street Journal
April 19th, 2008
The settlement, announced Friday, brings the government far less than it had originally sought over alleged violations of accounting rules. Fannie's regulator, the Office of Federal Housing Enterprise Oversight, in 2006 sought to require the three former executives to pay back more than $115 million of bonuses and pay fines that it said at the time could total more than $100 million.

GERMANY: Germans sour on capitalism amid corporate scandals
by Jeffrey WhiteChristian Science Monitor
March 25th, 2008
Recent scandals, involving such titans as Siemens, Volkswagen and Deutsche Poste, have undermined public trust in the integrity of German corporations, bolstering a growing shift to the left and its social welfare ideals.

US: Chiefs’ Pay Under Fire at Capitol
by JENNY ANDERSONThe New York Times
March 8th, 2008
In pointed exchanges with Congressional lawmakers Friday, three prominent financial executives defended the multimillion-dollar pay packages they received even as their companies were brought to their knees by the spreading credit crisis.

FRANCE: Sarkozy calls on head of Sociéte Générale to resign over trading scandal
by Katrin BennholdInternational Herald Tribune
February 26th, 2008
President Nicolas Sarkozy of France called on the head of Sociéte Générale to resign over a €4.9 billion trading fraud, saying, "That someone earns €7 million doesn't shock me. On one condition: that he takes responsibility."

US: Former Chief Will Forfeit $418 Million
by Eric DashNew York Times
December 7th, 2007
The former chief executive of UnitedHealth Group agrees to settle claims related to back-dated stock options.

US: We are overpaid say executives
by Francesco GuerreraFinancial Times
October 15th, 2007
Most US corporate leaders believe chief executives are overpaid, according to a study.

UK: From $1 firm, Lord Ashcroft nets £132m
by Simon BowersGuardian (UK)
October 9th, 2007
The UK's Lord Ashcroft, the Conservative party deputy chairman and major donor, has agreed to sell his loss-making US janitorial business in a deal that will bring him a £132m windfall.

US: CEO pay disparity rears its head
by  Francesco Guerrera and Daniel PimlottFinancial Times
October 8th, 2007
The question of "internal pay equity" continues to climb the corporate governance agenda.

CANADA: Four Former Nortel Executives Charged With Accounting Fraud
Associated Press
September 13th, 2007
The U.S. Securities and Exchange Commission has charged four more former Nortel Networks Corp. executives with accounting fraud, alleging they manipulated reserves to change Nortel's earnings statements on the orders of more senior officers of the Canadian networking equipment maker.

US: NASA gives Google founders a coveted parking place for their private jet
by Miguel HelftInternational Herald Tribune
September 12th, 2007
In the annals of perks enjoyed by American corporate executives, the founders of Google may have set a new standard: an un-crowded, federally-managed runway for their private jet that is as close as can be to being in the company's own backyard.

US: SEC Asks Firms to Detail Top Executives' Pay
by Kara Scannell and Joann S. LubliThe Wall Street Journal
August 31st, 2007
Stepping up its campaign to shed light on the mysteries of executive pay, the Securities and Exchange Commission has sent letters to nearly 300 companies across America critiquing disclosures in this year's proxy statements and demanding more information.