Cuomo Seeks Pay Data on Big Banks

January 2010
American Banker;1/12/2010, Vol. 175 Issue 6, p12
Trade Publication
The article reports that New York Attorney General Andrew Cuomo has asked several large financial companies to disclose their fiscal 2009 plans for bonuses and executive compensation. Cuomo's office sent written requests to eight firms that received assistance from the U.S. Troubled Asset Relief Program.


Related Articles

  • Owners to Vote (Vent?) On Exec Pay. Kuehner-Hebert, Katie; Davis, Paul // American Banker;3/10/2009, Vol. 174 Issue 46, p1 

    The author reports that shareholders will have the right to comment on the salaries paid to executives at companies receiving assistance from the U.S. government through the U.S. Troubled Asset Relief Program (TARP). Comments by shareholders regarding the impact that they may have on executives'...

  • EXAMINING THE LONG-TERM PERFORMANCE OF TARP FIRMS. Hollowell, Byron J. // Journal of the Academy of Business & Economics;2011, Vol. 11 Issue 3, p162 

    This study examines the long-term stock performance of commercial banks that underwent Troubled Asset Relief (TARP) reform. The theoretical motivations for TARP reform have been widely documented in the literature; however, an empirical examination of the aftermarket performance of these...

  • Seeking New Balance on Pay Policies. Davis, Paul // American Banker;4/5/2010, Vol. 175 Issue 51, p1 

    The article discusses several U.S. banking companies' reforms on executive compensation. According to the article, the banking companies Citigroup Incorporated, JPMorgan Chase and Company, and SunTrust Banks Incorporated have implemented executive compensation rules that are stricter than those...

  • Bank CFO Pay and Performance: Mixed Relationship. Bisson, Dave // Financial Executive;Oct2009, Vol. 25 Issue 8, p10 

    The article discusses results of analysis performed by Presidio Pay Advisors on the relationship between chief financial officers' (CFOs') compensation and financial performance at 115 banks, each of whom received money from the U.S. Troubled Assets Relief Program. There appeared to be little...

  • Bank Bashing May Be in Style, But If s Not Helping. Kilne, Alan // U.S. Banker;Apr2009, Vol. 119 Issue 4, p7 

    In this article the author discusses the concern of banks that received the Troubled Asset Relief Program (TARP) granted by the U.S. Treasury Department regarding the restrictions on executive pay and the move of some politicians to attempt to micromanage every move of TARP recipients. He points...

  • The sin of wages? Cocheo, Steve // ABA Banking Journal;Sep2009, Vol. 101 Issue 9, p20 

    This article discusses the controversy resulted from compensation received by bank executives in the U.S. It highlights the criticism received by bankers for receiving excessive compensation. It also expresses concerns over the involvement of the government in the bank compensation management...

  • Bill Would Tax Bonuses at Tarp Banks.  // American Banker;2/5/2010, Vol. 175 Issue F305, p16 

    The article discusses a bill introduced by Senators Barbara Boxer and Jim Webb concerning a tax on bonuses above 400, 000 dollars for firms that received 5 billion dollars or more from the U.S. Treasury Department's Troubled Asset Relief Program.

  • A BONUS BY ANY OTHER NAME. MITCHELL, DONNA; KEARNEY, HELEN // On Wall Street;Mar2009, Vol. 19 Issue 3, p11 

    The article discusses the issues behind bonuses paid to banks' executives as these affect bonuses due financial advisors. It says that advisors are worried and are observing how Congress and financial institutions which received Troubled Asset Relief Program (TARP) funds resolve their...

  • Pay Provisions May Aid Image Overhaul. Landy, Heather // American Banker;7/12/2010, Vol. 175 Issue 105, p1 

    The article examines the effects on banks of U.S. legislation relating to executive salaries that is part of an overall financial law expected to pass the Congress in 2010. Many of the provisions affecting salaries have already been adopted voluntarily by many banks in the aftermath of the...

  • EXECUTIVE COMPENSATION AT BANKS RECEIVING FEDERAL ASSISTANCE UNDER THE TROUBLED ASSET RELIEF PROGRAM (TARP). Winkelvoss, Clayton M.; Amoruso, Anthony J.; Duchac, Jonathan // Journal of Legal, Ethical & Regulatory Issues;2014, Vol. 17 Issue 2, p37 

    The recent recession in the US economy was triggered by a severe financial crisis that threatened a collapse of the American banking system. The banking industry has subsequently faced intense political and regulatory scrutiny, with one of the primary targets being executive compensation. As a...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics