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Soon-to-be CEO of BP, Bob Dudley, is set to take over for Tony Hayward on Oct. 1. Gwen Ifill speaks with Holly Pattenden of Business Monitor International in London about the leadership switch, the company's liability in the oil disaster…
As oil cleanup crews head back to work after a disruption from Tropical Depression Bonnie, embattled BP CEO Tony Hayward is expected to head out to take a job with BP's joint venture in Russia.
By Business Desk
Editor’s note: The clip today in our continuing series of video conversations with economist Simon Johnson, author of the popular Baseline Scenario blog, which Paul Krugman calls a “must read,” concerns whether bank bonuses are deserved and whether…
After the announcement that General Motors Corp. had completed its 40-day stay under bankruptcy protection, CEO Fritz Henderson speaks to Judy Woodruff about the company's goals for remaking the struggling auto maker.
Question: Instead of the government trying to prevent risky behavior by limiting bonuses and other compensation for the best performers in the finance industry, would it be possible for the government to review risk models that banks use? Paul Solman:…
Question: How does U.S. executive compensation compare to their counterparts around the world, such as Japan, Europe, Russia, Turkey? Paul Solman: I don’t know what constitutes executive compensation in Russia, but compared to Japan, Europe, Turkey (Turkey?) and pretty much…
As frustration continues over extravagant pay to executives of companies receiving billions of dollars in taxpayer aid, Paul Solman travels to AIG headquarters and Washington to explore options for getting some of the money back.
President Barack Obama outlined tough terms Monday for continued federal aid for ailing auto giants GM and Chrysler. White House adviser Austan Goolsbee, a member of the auto task force, details the plan.
The collapse of financial institutions on Wall Street has sent ripples of fear through local economies across the U.S. Four business journalists from across the nation assess the regional impacts of the financial upheaval.
Question/Comment: Last year Lehman Brothers’ CEO Richard Fuld, Jr. made $71 million. Today his company collapsed. How much will he make this year? Paul Solman: I don’t know about this year. You’ve covered last.
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