Articles by Karey Wutkowski

What If Women Ran Wall Street?

If women ran Wall Street, Treasury Secretary Timothy Geithner’s job cleaning up the bloodied financial markets might not be so tough. In opening a Women in Finance Symposium that brought together top female government figures such as Sheila Bair and …

Pay Czar Demands More Pay Cuts at AIG, Other Bailed Out Firms

The Obama administration’s pay czar Tuesday slashed pay again at five U.S. firms that still depend on a government lifeline, but boasted that the clampdowns are not sending talented workers fleeing for the exits. Kenneth Feinberg, a Washington lawyer who …

Senate Republicans Expected to Change Dodd Financial Reform Bill

The new financial reform bill introduced in the U.S. Senate will likely be approved at the committee level next week, but its shape could change substantially once it comes before the full Senate and winning Republican support comes into play, …

Sen. Dodd to Unveil Financial Regulatory Reform Next Week

Senator Christopher Dodd said Thursday that he will present on Monday his own version of a financial reform bill after compromise talks with Senate Republicans broke down. Dodd, the chairman of the Senate Banking Committee, said he will present the …

Pay Czar Struggles to Rework Bonuses at AIG, Other Bailed-Out Firms

The Obama administration’s pay czar said his attempts to renegotiate valid pay contracts at bailed-out companies, particularly insurer AIG, has been a “unique challenge,” according to testimony released Wednesday. Kenneth Feinberg, a Washington lawyer appointed by President Barack Obama last …

U.S. Senator Seeks Details on AIG Exec’s Severance

A watchdog senator Friday asked the Obama administration pay czar to explain why a top AIG executive stands to get a multi-million dollar severance package. Sen. Chuck Grassley sent a letter to pay czar Kenneth Feinberg asking him to explain …

House Advances Sweeping Overhaul of Financial Services Regulation

Lawmakers in the House of Representatives voted Wednesday to give government regulators the power to break up financial firms that threaten economic stability, and to expose the Federal Reserve to unprecedented congressional scrutiny. In a milestone for the Obama administration’s …

U.S. Pay Czar to Decide on Clawback

The U.S. pay czar said Monday that he will determine “in the near future” how he will use his power to claw back pay at companies that have taken bailout money but is not currently in negotiations to do so. …

Pay Czar Slashes Compensation for Top 25 at AIG, Other Bailed Out Firms

The U.S. pay czar Thursday slashed cash compensation for the top earners at seven companies that received massive taxpayer bailouts, while allowing for some increases to retain key talent. Kenneth Feinberg, charged with reworking pay contracts for the 25 highest-paid …

Top Executives at AIG Financial, Other Bailed Out Firms to See Pay Cuts

Top earners at financial and auto companies bailed out by the U.S. government will see their pay slashed under an Obama administration plan aimed at addressing public outrage over eye-popping paychecks, two sources familiar with the matter said on Wednesday. …