Treasury orders

Fed to examine Wall Street pay; Treasury orders 7 firms to halve exec salaries

New York Post (Free subscription) | 10/22/2009

Fed to examine Wall Street pay; Treasury orders 7 firms to halve exec salaries

Treasury Orders Pay Cuts for Rich Guys at Bailed-Out Companies

Daily Intelligencer - New York Magazine (Free subscription) | 10/22/2009

... as long as they stick to those $24,999 perks, they can get away with whatever they want! U.S. to Order Steep Pay Cuts at Firms That Got Most Aid [NYT] Read more posts by Adam K. Raymond Filed Under: bonuses , business , ken feinberg , the greatest depression , wall street

US to order exec pay cuts at bailed-out firms: NYT

Market Watch (Free subscription) | 10/21/2009

SAN FRANCISCO (MarketWatch) -- The U.S. Treasury will order companies that received substantial government aid recently to implement deep pay cuts for executives, The New York Times reported Wednesday on its Web site, citing an unidentified official involved with the decision. Executives at Citigroup Inc. , Bank of America Corp. , American International Group Inc. , General Motors, GMAC,...

Systemic Risk is All About Innovation and Incentives: Ed Kane

The Big Picture (Free subscription) | 11/04/2009

November 2, 2009 “My dear sir, the Treasury order is popular with the people everywhere I have passed. But all the speculators, and those largely indebted, want more paper. The more it depreciates the easier they can pay their debts… Check the paper mania and the republic is safe and your administration must [...]

IRISL still free to trade in UK

lloydslist.com (Free subscription) | 10/13/2009

... country despite Monday’s ban on the provision of financial services to the parent company, the Treasury has confirmed to Lloyd’s List. An IRISL UK representative in London said that she was aware of no communication from the British government restricting activities. It remains unclear whether IRISL has any recourse to shipfinance from UK sources, but being partly owned by the Iranian state,...

The royal waive which means no spending cuts for the Windsors

The Guardian (Free subscription) | 09/26/2009

... year paid under the civil list because of an obscure deal struck between Buckingham Palace and the Treasury in 1972 when the current legislation governing royal finances was drawn up. Palace officials made clear earlier this summer that they are actually seeking a rise in the annual civil list payment to cover "increased costs" despite the fact that they currently have a £21m...

British royal family to be exempt from any cuts in public spending

Aftermath News (Free subscription) | 09/26/2009

... year paid under the civil list because of an obscure deal struck between Buckingham Palace and the Treasury in 1972 when the current legislation governing royal finances was drawn up. Palace officials made clear earlier this summer that they are actually seeking a rise in the annual civil list payment to cover “increased costs” despite the fact that they currently have a £21m surplus in...

• Row as royals escape cuts to public spending - Sydney Morning Herald
• The royal waive which means no spending cuts for the Windsors - The Guardian