NEW YORKMORGAN Stanley Chief Executive John Mack received no raise, bonus or stock options last year, and the bank leader's total compensation of US$1.2 million (S$1.8 million) sank by more than US$40 million compared with 2007, according to a Securities and Exchange Commission filing.
Mr Mack, 64, earned an US$800,000 base salary and US$435,097 in other compensation, which largely involved personal use of company aircraft. But the CEO told Morgan Stanley's board that, as of March 10, he will reimburse the company for that.
Documents show AIG paid out $218 million in bonuses
NEW HAVEN, Conn. — The attorney general of Connecticut said Saturday that he is asking American International Group Inc. why documents appear to show the company paid $53 million more in bonuses to its financial products division than previously reported.
Congress, TMC to launch joint poll campaign
External affairs minister and West Bengal Pradesh Congress Committee president Pranab Mukherjee on Saturday said the Congress and Trinamool Congress would campaign jointly in all 42 Lok Sabha seats in the state.
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