kenneth feinberg


Fed may reconsider $500k salary cap for new GM CEO, limit pay for 2nd tier execs

It's official: pay czar Kenneth Feinberg's executive compensation rules for companies yet to return their bailout funds means a cap of $500K for second-tier executives. Importantly, that number represents the total compensation allowed, but only 45 percent of it -- $225,000, can be in cold, hard ducats. Stock remuneration must be held or paid out over at least two years, and extracurricular perks like country club memberships and private jet escapades can be valued at no more than $25,000. Regarding General Motors, to lure the kind of ... Read more →

REPORT: Chrysler Financial to wind down by 2011, executive pay, well, not so much Jonathon Ramsey

Cerberus submitted its plans for Chrysler Financial to the U.S. Treasury, and then in an announcement that came as a surprise to Cerberus itself, the Treasury said that Chrysler Financial would be ...

REPORT: Pay czar planning up to 90% compensation cuts for top auto execs Chris Shunk

When General Motors and Chrysler took money from the U.S. government to prevent being consigned to history, the two storied domestic automakers had no choice but to put their fates in Uncle Sam's ...

Officially Official: Chrysler exiting bankruptcy, Fiat steps in and makes changes immediately Frank Filipponio

Fiat now owns a big chunk of Chrysler. Officially. Soon after the Supreme Court gave it the go-ahead, the sale of Chrysler to Fiat was complete. Altogether, the deal took just 42 days. With a couple ...

Fed may reconsider $500k salary cap for new GM CEO, limit pay for 2nd tier execs 11 hours ago on Autoblog

It's official: pay czar Kenneth Feinberg's executive compensation rules for companies yet to return their bailout funds means a cap of $500K for second-tier executives. Importantly, that number represents the total compensation allowed, but only 45 percent of it -- $225,000, can be in cold, hard ...

REPORT: Chrysler Financial to wind down by 2011, executive pay, well, not so much 1 month ago on Autoblog

Cerberus submitted its plans for Chrysler Financial to the U.S. Treasury, and then in an announcement that came as a surprise to Cerberus itself, the Treasury said that Chrysler Financial would be shutting down by December 31, 2011. The lending arm paid back its $1.5 billion loan from the ...

REPORT: Pay czar planning up to 90% compensation cuts for top auto execs 1 month ago on Autoblog

When General Motors and Chrysler took money from the U.S. government to prevent being consigned to history, the two storied domestic automakers had no choice but to put their fates in Uncle Sam's hands. After two very brief bankruptcies and billions in bailout cash, America's favorite bearded ...

Officially Official: Chrysler exiting bankruptcy, Fiat steps in and makes changes immediately 6 months ago on Autoblog

Fiat now owns a big chunk of Chrysler. Officially. Soon after the Supreme Court gave it the go-ahead, the sale of Chrysler to Fiat was complete. Altogether, the deal took just 42 days. With a couple of signatures and a wire transfer Wednesday morning, the sale was official. Fiat gets most of ...






Autoblog Podcast #156: Paukert comes back for more! 

Chris, Dan, and Editor Paukert chat and give each other grief. Merriment ensues.

 
 

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