September 23, 2008
General
With the demise of Lehman Brothers, Ernst & Young’s $31 million annual fee just went out the window. It’s a tiny amount in the scheme of things when you think that EYs last year’s global revenue came in at $21.1 billion. The bigger problem will be the lawsuit PwC‘s advisors Linklaters are almost certain to [...]
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September 23, 2008
General
As legislators and politicians scramble for a solution to the US’s self inflicted financial markets crisis it seems a key stumbling block is executive compensation. According to the Wall Street Journal: Mr. Paulson has argued that pay limits shouldn’t be part of this plan because they could discourage firms from participating. Treasury is also arguing [...]
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