Jul 27 Watch BP Finalizes Leadership Shakeup, Replacing Hayward With Dudley BP confirmed that Bob Dudley will take over as CEO of the embattled oil giant in October and announced a $17 billion loss in earnings, saying it paid out at least $32 billion for compensation and cleanup of the Gulf… Continue watching
Oct 22 Pay Slashed for Bailed-out Firms’ Executives The government has ordered seven firms that received billions in bailout money to dramatically cut compensation to their highest-paid employees. Continue reading
Oct 22 Watch Feinberg Hopes More Companies Adopt Executive Pay Rules The Federal Reserve curbed pay packages for executives of companies that received bailout money in an effort to discourage risky business practices. Jeffrey Brown speaks with executive pay czar Kenneth Feinberg. Continue watching
Aug 04 Why Does the Govt. Pay Farmers to Not Grow Crops? Editor’s Note: Robert Frank, who recently guest-blogged for several weeks here at the Business Desk with answers to some of life’s economic ironies, once again answers questions posed by viewers. Question: Why does the government pay farmers not to… Continue reading
Jul 21 Why Do CEOs Make So Much Money? Question: Why do CEOs make so much money? The answer must be supply and demand, but I would like to hear a good analysis of the cost benefit. I do realize too however: Would… Continue reading
Jul 09 Why Do Tube Drivers Earn More than Bus Drivers in the UK? Robert Frank: A British reader posted the following query on my UK publisher’s web site: “Why do tube drivers get paid so much more than bus drivers?” An American economist trying to field questions about markets in the UK… Continue reading
Jun 19 Instead of Capping Pay, Could the Government Police Banks’ Risk Models? 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:… Continue reading
Jun 17 Watch Obama’s Regulatory Reform Plan Stirs Mixed Reaction Gwen Ifill speaks with a banking expert and an economist about what the administration's plans for reforming financial oversight mean for businesses and consumers alike. Continue watching
Jun 10 Watch Administration Proposes New Steps to Regulate Executive Pay The Obama administration outlined a plan for new executive compensation regulations Wednesday, putting the politically charged issue of executive pay back in the spotlight. Analysts examine how more oversight will affect the industry. Continue watching
May 15 How Does Executive Pay Compare Around the World? 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… Continue reading