Will All Of The Top Management On Wall St. Work For $1 A Year?

Banking, finance, and taxes

Published: June 8, 2009 5:19 am

Last Updated: April 28, 2020 10:28 am

mack The Administration is looking at further pay caps for executives on Wall St. and the auto industry. The reasoning is that if a company takes government money, the government should have a say in management pay. That does not leave corporate boards much to do, even those being put into Bank of America (BAC) and Citigroup (C) under pressure from the Treasury, Fed, and FDIC.

According to several media reports the Administration means to appoint a “pay czar” to track compensation at companies that have received taxpayers dollars.

It is good that most Wall St. CEOs are already multi-millionaires. Based on what they were able to make in the past, the new system will be close to $1 a year.

Douglas A. McIntyre

Travel Cards Are Getting Too Good To Ignore

Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.

We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.

It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.

We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.