Employee Compensation

Reports: Citigroup top execs to give up bonuses

Citigroup's top executives -- including former Treasury Secretary Robert Rubin -- are expected to forego their bonuses this year amid pressure to atone for the company's huge losses and a $300 billion government bailout,...

YRC, Teamsters reach tentative agreement on 10 percent wage cut

About 40,000 of YRC Worldwide Inc.’s drivers and dock workers would make 10 percent less under a tentative deal reached with the Teamsters union to help the struggling company. Local union leaders reviewed and approved the...

Amid economic turmoil, Vladimir Putin goes before Russians in live broadcast

By VLADIMIR ISACHENKOV , Associated Press MOSCOW - Prime Minister Vladimir Putin on Thursday promised Russians that their wages and pensions would rise despite the crisis and vented his anger at the Georgian president in an...

ACC blowout could shave tax cuts

A second ACC blowout could see average wage earners lose almost a third of next year's tax cut if the incoming Government follows officials' advice.ACC Minister Nick Smith this week revealed a $1.25 b...

Cracks in TARP Bailout Show Its Problems

Columnist Declan McCullagh Says Evidence Is Mounting That The Bailout Plan Approved By Congress Is Faltering (CBS) This column, Other People's Money, is written by CNET's Declan McCullagh. Here are some findings from the...

Credit Suisse cuts 5,300 jobs worldwide

Chief Executive Brady Dougan said about two-thirds of the cuts will be made in investment banking, which is heavily concentrated in the U.S. (AP) - About two-thirds of the cuts will be made in investment banking, said Chief...

Commentary: Cutting wages won't solve Detroit 3's crisis

In the 1980s, Chevrolet proclaimed itself the "Heartbeat of America," but today the American auto industry barely registers a pulse. As Washington considers Detroit's plea for life support, the only place where pundits,...

Chattanooga: Labor board nears end of VW site wage probe

Via Acquire Media NewsEdge) Dec. 4--A National Labor Relations Board official says it is nearing the end of a probe into a labor contract dispute in which contractors claim union groups are trying to drive up wages on the...

Syracuse: Syracuse U. adapts to nationwide financial recession

UWIRE-12/03/2008-Syracuse: Syracuse U. adapts to nationwide financial recession (C) 2008 Daily Orange via UWIRE By Nick Roberts, Daily Orange (Syracuse) SYRACUSE, N.Y. -- Gwenn Judge, SU's director of budget and planning, said...

Motor city mess

Automakers make promises to get taxpayer funds from Congress. Oversight and review are key Look before you leap, the saying goes, or in this case, the caution to Congress is: Look before you step on the taxpayers' gas and bail...

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