Under pressure from the White House, BP has agreed to set aside $20 billion in an escrow fund to compensate victims of the oil spill in the Gulf of Mexico, The Washington Post reports. The fund will be overseen by Kenneth Feinberg, President Obama’s “pay czar” who led the More…
Addressing the nation from the Oval Office for the first time, President Obama tonight laid out his plan to contain the oil spill and compensate people and businesses who have suffered from its effects.
Obama called the crisis “the worst environmental disaster America has ever faced” and “an epidemic, one More…
Merrill Lynch — the former Wall Street titan that was recently acquired by Bank of America — like most investment banks, typically pays about 50 percent of its revenue in compensation. The chart (after the jump) depicts Merrill’s revenue and compensation data since 2000 — and it More…
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