Archive for the ‘Money and Finance Today’ Category

The Obama Compensation Limits: FreePassers Not Allowed

Thursday, February 5th, 2009

President Obama announced that he wants to impose compensation limits on executives of companies that receive government financial rescue funds. His proposal includes the following provisions:

A $500,000 cash cap on annual compensation for senior executives
Requiring top executives at financial institutions to hold stock for several years before they cash out
Requiring nonbinding “say on pay” resolutions [...]

$1 Million Offices, New Corporate Jets and Other FreePassers on Wall Street

Wednesday, January 28th, 2009

Recent headlines hitting the news over the last several days indicate that the FreePasser epidemic is alive and well on Wall Street and in corporate America. However, the scale of some of these abuses amaze even me.
The $1 Million Office
CNBC reporter Charlie Gasparino reported that former Merrill Lynch CEO John Thain spent $1.2 million to redecorate [...]

FreePassers and the Salvation of Capitalism

Friday, December 19th, 2008

I’m not an opportunist by nature. Although the current economic crisis seems the appropriate time to launch my blog, I assure you that my study of this phenomenon has been ongoing, and its contribution to today’s state of affairs was predictable. I can tell you without qualification that the reform of the FreePasser mentality [...]