Bloomberg.com logo Bloomberg.com 4 weeks ago

Wall Street Reacts With Skepticism, Anger, as U.S. Cracks Down on Pay

Oct. 23 (Bloomberg) -- The Obama administration’s moves to rein in executive pay sparked criticism on Wall Street, as lenders such as Bank of America Corp. said the measures may hurt the very companies the U.S. is intent on saving. Full Article at Bloomberg.com

Related Topics:

  1. Bank of America
  2. Barack Obama
  3. Federal Reserve

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Related Quotes

  1. Mr. Feinberg does not have jurisdiction over the vast majority of AIG employees
    SOURCE: Bloomberg.com 4 weeks ago
  2. We have closed down some businesses that had very good profit potential but the returns weren’t there given the risks, like commercial mortgage-backed securities
    SOURCE: Bloomberg.com 4 weeks ago
  3. What should have happened is the boards of directors at these companies should have been setting compensation in a way that was appropriate in size and incentive and in risk
    SOURCE: Bloomberg.com 4 weeks ago
  4. People want to work here but they want to be paid fairly
    SOURCE: Bloomberg.com 4 weeks ago
View all Related Quotes »
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  1. NEW YORK - NOVEMBER 18: (L-R) Wall Street financier Steven Rattner and managing editor of Fortune Magazine Andy Serwer attend the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
  2. NEW YORK - NOVEMBER 16: CNN's Anderson Cooper attends the 8th Annual Elton John AIDS Foundation�s 'An Enduring Vision' benefit at Cipriani, Wall Street on November 16, 2009 in New York City.
  3. NEW YORK - NOVEMBER 16: A woman walks by as a New York City Police emergency vehicle idles on Wall Street on November 16, 2009 in New York City.
  4. NEW YORK - NOVEMBER 10: Actor Nicholas Rodriguez (L) and filmmaker Dustin Lance Black attend The 2009 Emery Awards and 30th Anniversary of the Hetrick-Martin Institute at Cipriani, Wall Street on November 10, 2009 in New York City.
  5. NEW YORK - SEPTEMBER 24: New Zealand's Prime MInister John Key (C) arrives on Wall Street to ring the closing bell of the New York Stock Exchange Thursday, September 24, 2009, in New York City. Stocks fell today for the second straight day of trading.
  6. NEW YORK - SEPTEMBER 16: A businessman pauses on Wall Street on September 16, 2009 in New York, City. With further economic news indicating that the recession is easing, stocks rose Wednesday with the Dow up 70 points in afternoon trading.
  7. NEW YORK - SEPTEMEBER 14: Traders work on the floor of the New York Stock Exchange at the end of trading day on September 14, 2009 in New York City. President Obama gave a major speech on the state of the economy today at Wall Street.
  8. NEW YORK - SEPTEMBER 14: London Mayor Boris Johnson speaks at the NASDAQ exchange on September 14, 2009 in New York, New York. Priesident Obama gave a major speech on the state of the economy today at Wall Street.
  9. NEW YORK - SEPTEMBER 14: Two women in a window smile as U.S. President Barack Obama arrives in a motorcade to a restaurant in the Greenwich Village neighborhood September 14, 2009 in New York City. Obama had lunch in the Village after giving a speece on Wall Street downtown.

Cast of Characters

  1. Bank of America Bank of America
  2. Barack Obama Barack Obama
  3. Goldman Sachs Goldman Sachs
  4. Federal Reserve Federal Reserve
  5. Citigroup Citigroup
  6. U.S. Congress U.S. Congress