Ore. teacher unions accuse political activist of racketeering, using sham charity for politics

Ore. teachers renew legal fight with activist

GM’s Henderson calls pay cuts imposed on him, other bailed-out executives fair, ‘thoughtful’

GM’s Henderson calls gov’t cutting his pay ‘fair’

JPMorgan CEO says he won’t go after top performers at Citigroup, Bank of America

JPMorgan won’t poach talent from Citi, BoA

Former executive claims “frat party” atmosphere, unequal pay, at Anheuser-Busch

Suit alleges Anheuser underpaid female executive

Texas Sen. Kay Bailey Hutchison’s wealth fueled by investments, husband’s income, records show

Hutchison’s wealth from investments, spouse’s pay

US unveils broad effort to limit executive pay and risk-taking that led to financial crisis

WASHINGTON — The government zeroed in on corporate excess and recklessness Thursday with deep, unprecedented cuts in executive compensation at companies living on taxpayer money and a move to wield veto power over pay policy at thousands of banks to limit risk-taking.

Treasury says big compensation cuts for executives take effect starting in November

WASHINGTON — The Treasury Department on Thursday ordered seven companies that received billions of dollars in government bailouts to halve total compensation for their top executives. But the big reductions will not apply to pay earned before November.

Obama praises requiring pay cuts for top executives at bailed-out firms

WASHINGTON — President Barack Obama says Americans’ values are offended by excessive paychecks for executives whose companies were bailed out by taxpayers.

TARP’s Warren defends reported plans to slash executive salaries, calls pay excessive

WASHINGTON — The chairman of the panel that oversees the $700 billion federal bailout fund said Thursday the Obama administration is insisting on slashing the salaries of executives of companies that took money from the government.

TARP’s Warren defends reported plans to slash salaries of key corporate executives

WASHINGTON — The head of a committee that oversees the federal bailout fund says executive compensation in the country’s large corporations is excessive and must be brought under control.

AP source: Administration to order big pay cuts for top executives at bailed-out firms

WASHINGTON — First came the bailout. Now comes the payback.

AP source: Administration to order sharp pay cuts for top executives at big bailout companies

WASHINGTON — The Obama administration will order companies that received huge government bailouts last year to slash the base salaries of their top executives by an average of 90 percent and cut their total compensation in half, a person familiar with the decision said Wednesday.

As Obama weighs immigration overhaul, US and foreign workers agree: guest worker visas abused

NASHVILLE — Toribio Jimenez says an asbestos removal company used a guest worker program to trap him in virtual servitude, then fired him when he complained, forcing him to work illegally. Robert Martin believes the same company kept him unemployed by hiring foreigners like Jimenez.

Some bailed-out firms spent less on lobbying federal government in 3rd quarter

WASHINGTON — As Congress intensified its work rewriting the nation’s financial rule book over the last three months, some big recipients of the government’s $700 billion bailout spent a bit less trying to influence legislators.

After violent protests in South Africa, President Zuma says mayors need to do more

CAPE TOWN, South Africa — The South African government plans to overhaul the way South African cities are governed and funded in the wake of a series of violent protests, officials said Tuesday.

Bank of America loses $2.24B as loan losses rise; warns credit environment still difficult

Bank of America loses $2.24B as loan losses rise

India’s richest man says enough is enough, vows he will get by on $3.3 million this year

MUMBAI, India — India’s richest man announced he will voluntarily cap his compensation at 150 million rupees ($3.3 million) this year, saying he will get by on about a third of his take-home pay from the previous year.

BofA’s outgoing CEO Ken Lewis to get no salary, bonus for 2009 under deal with pay czar

NEW YORK — Capping a year in which he faced shareholder fury, regulatory scrutiny and was stripped of his chairman post, outgoing Bank of America Corp. CEO Ken Lewis will get no salary or bonus for 2009 under an agreement with the government’s pay czar.

SUPREME COURT NOTEBOOK: Roberts, ex-advocate, says lawyers shouldn’t matter in case’s outcome

WASHINGTON — Chief Justice John Roberts once famously and controversially described a judge’s role as akin to an umpire who merely calls balls and strikes.