LayoffBlog.com

Archive for the 'WTF' Category

Yahoo moving news site development team to Taiwan

Friday, September 4th, 2009

Yahoo Inc is moving the product development team for one of its key Web properties to Taiwan, the latest change within the Internet company as it moves to cut costs and revamp its online offering.

The product development and operations teams for the Yahoo News division will be based out of Taiwan, said Yahoo spokeswoman Kim Rubey. The types of jobs moving overseas include product management, engineering and user interface design, Rubey said.

Source: Forbes

Posted in Asia, California, China, H1B, IT, News, US, WTF, media | No Comments »

AIG Plans Millions More in Bonuses

Saturday, July 11th, 2009

American International Group’s recent discussions with President Obama’s compensation czar have centered on whether the company should pay about $250 million in promised bonuses that come due during the next nine months.
But of greater concern to both sides is what to do about the vastly larger sum that comes due in March 2010, when AIG is scheduled to pay more than $200 million in bonuses aimed at retaining executives at AIG Financial Products, the unit whose complex derivative contracts nearly wrecked the insurance giant last fall.

Source: TheWashingtonPost

Posted in AIG, FYI, Government, Insurance, US, WTF | 1 Comment »

Citigroup CEO pay, perks, stock-based awards $38.2M

Monday, March 16th, 2009

According to MarketWatch: “Citigroup Inc. said Monday that Chief Executive Vikram Pandit’s pay, perks and stocks and options were valued at $38.2 million in 2008, a year in which the company received government bailouts worth about $45 billion.
Pandit’s pay package included stock-based awards and option grants valued at $37.3 million at the time of grants early last year, according to a company filing with the Securities and Exchange Commission. “

Posted in Government, US, WTF, bailout, banking, citi | No Comments »

Powered by WordPress