Bankruptcy Blogs

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Citi's Executive Pay Plan: Citigroup is revamping its executive pay plan by now linking a portion of an executive's total compensation to the "company's performance relative to other big banks." These so-called "performance share units," payable three years after the firm meets performance goals, are being introduced after investors revolted against a proposed $15 million compensation package for former (and ultimately ousted) CEO Vikram Pandit in April. The new structure "will pay...

The phrase “bad boys” is one that conjures up a multitude of contradictory connotations. In sports, the Detroit Pistons wore the moniker proudly as they pummeled their way to consecutive NBA championships. Those bad boys, however, are long gone and now the same team is

Recreating this industry involves regulation that more effectively aligns the interests of lenders and borrowers, consumer education and outreach and market-driven solutions.

The numbers are out for the April 1 inflation adjustment in dollar amounts in the bankruptcy code.  The numbers increase 6.3%.

Receiving Wide Coverage ...

Whispers at the Federal Reserve: Is the Fed getting ready to end its stimulus efforts? That's what some folks are wondering after minutes from the January Federal Open Market Committee meeting indicated "widening divisions among [Fed] officials" about the central bank's current monetary policy (which, recall, involves monthly purchases of about $85 billion in long-term bonds and mortgage-backed securities for an indefinite period). The stock market posted its biggest loss of the...