Dec 19th, 2008 · FedEx reported higher profits in its most recent quarter, but sees trouble ahead. The package delivery giant is cutting salaries for some 36,000 managers. CEO Fred Smith will take the biggest cut in percentage terms, but all managers will see their paychecks shrink. FedEx and its main rival UPS are seeing overall package volume fall as the economy slows.
Dec 3rd, 2008 · The economic downturn may force pro sports leagues to re-examine their business model, says commentator Frank Deford. And the leagues might look to Hollywood for inspiration: Top athletes would still command huge contracts, but lesser players could see their salaries reduced.
Oct 8th, 2008 · The 700 billion dollar bailout package includes an attempt to limit salaries for financial executives who take part in the rescue plan. Paul Hodgson, a senior research associate at the Corporate Library, talks with Steve Inskeep about the effort, and the Wall Street culture that encourages inflated pay.
Sep 22nd, 2008 · Congress takes up the massive bill to bail out the nation's financial institutions this week, where the theme might be "anything but clean." So far lawmakers are focusing their concerns on oversight, helping homeowners and questioning CEO salaries.
Jul 31st, 2008 · With a $15.2 billion shortfall, California's budget is a month late. Gov. Arnold Schwarzenegger will sign an order Thursday to cut 200,000 state employees' salaries back to minimum wage to save the state money. He wants a budget proposal by Friday.
Jun 18th, 2008 · A Columbia University study examines how artists manage to live in high-priced New York City on salaries of less than $30,000 a year. The artists, all older than 62, have spent their careers learning how to live well and cheaply.
Mar 7th, 2008 · Before the subprime mortgage market blew up, some top executives of mortgage and finance companies made a killing in salaries and stock options. A few of those CEOs were grilled about that Friday by a congressional oversight committee.
Jan 16th, 2008 · The salaries of German business leaders are usually much lower than those paid in the United States. But recent news of huge paychecks and severance packages for German CEOs trigger a national debate about executive pay.