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Citibank has decided to change to a fee based system

Citibank has decided to change to a fee based system

After selling a lot of its brokerage business, Citibank has decided to regroup and change how it runs its brokerage business in the United States and across North America. The biggest change that it is going to implement is the decision to have the financial …

Site News – Paid Writers Area, Captchas Installed

Captchas – We have added another level of security to help prevent spam comments as well as email. Captchas have been installed on comments, as well as the Contact Us, Services, and The Pitch submissions page. While the number of spam that gets through the …

Fritz Henderson, GM’s new CEO, won’t accept a $1 salary

While not much can be said about the “good” Rick Wagoner did at GM during his time there, at least when the company was in trouble he decided it was time to take a pay cut. He reduced his pay to $1(although there were millions …

Wagoner’s Compensation package

The press was given information today about ousted GM CEO Rick Wagoner’s compensation package.
He will get over $23 million in installments for the remainder of his life. According to GM’s annual report he also is entitled to $366,602 in unvested stock awards and $534,627 in …

Bailed out bank executives are getting away with your money: $1.6 billion of it.

It turns out that some of the executives for bailed out financial companies are still getting those “oh so coveted” bonuses. $1.6 billion dollars in bonuses that not only include cash compensation, but also stock options, personal use of company jets and chauffeurs, home security, …