The scrutiny of executive pay in Washington isn’t knocking down the compensation of banks’ head honchos. It’s just changing what form the money comes in.
As the industry turns toward more fuel-efficient vehicles, classic car owners worry the soul of the cars that symbolized personal freedom, speed, status and sex appeal has been lost.
Regulators shut down Colonial BancGroup, a big lender in real estate development that buckled under the collapse of the market. It was the biggest U.S. bank to fail this year.
The Obama administration’s “pay czar” is embarking on a review of proposed compensation packages for the top employees at seven companies that are on government life support.
Dealers say they still haven’t been repaid for the majority of Cash for Clunkers deals they have made, creating cash crunches for many as they wait for government reimbursement.