Word: compensationitis
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7. Do the Wall Street executives get to keep their bonuses? The Bush Administration says it needs to encourage executives to get their cooperation, and that clamping down on their pay would only hurt their willingness to get on board. Critics in both parties say the threat of the executives...
Paulson knows it. And that's why he's ready to play tough, like hinting that things are still dangerous and Congress, which has been informally debating add-on provisions like equity stakes in the Wall Street firms and new limits on executive compensation, doesn't have all the time...
The sober French reaction marks how the nation has evolved towards a freer market system under European Union rules, even as it struggles to preserve parts of its vaunted welfare state. Over the past decade, millions of French citizens became first-time shareholders following a huge wave of privatizations, the...
French leftists have long slammed the U.S. economic system as "savage capitalism," and many a right-wing Gaullist has been prone to agree: in 2005 then French President famously said that "ultra-liberalism" - French parlance for the unbridled marketplace - is "as disastrous as communism." For decades, any episode of turbulence...
Shelby is likely to oppose the plan, but much of its scrutiny on Capitol Hill is, in fact, Congress doing what Congress does, albeit on a massive, once-in-a-lifetime scale. On any given day on the Hill well-heeled lobbyists graft slivers of language onto obscure bills, language...