Tribune executive defends proposed bonuses of up to $70 million in bankruptcy hearingSeptember 25th, 2009 Tribune exec defends bonus plan in Ch. 11 hearingWILMINGTON, Del.
French President Nicolas Sarkozy says EU leaders agree to impose a cap on banker pay.September 17th, 2009 France: EU calls for global cap on bank payBRUSSELS — French President Nicolas Sarkozy says that EU leaders have agreed to impose a cap on bankers' pay. He told reporters that all 27 EU nations are in "total unity" that the world cannot repeat the "scandal" of bonuses for executives and traders that encouraged banks to take huge risks.
EU officials press Obama on capping bank bonuses, tougher climate change measuresSeptember 17th, 2009 EU leaders press Obama on bonuses, climate changeBRUSSELS — EU leaders issued a joint plea to U.S. President Barack Obama on Thursday to back their call for rich and developing nations to cap bankers' pay and to impose deeper cuts on emissions for a new global climate change pact.
EU says more needs to be done to improve US climate change billSeptember 17th, 2009 EU leaders chide US on climate billBRUSSELS — The European Union says the United States has to make deeper cuts in emissions as part of legislation currently going through the U.S. Congress. Sweden's Prime Minister Fredrik Reinfeldt says while the 27-nation bloc welcomes the draft U.S.
Sarkozy calls for worldwide bonus rules, calls current world governance systems 'stupid'August 26th, 2009 Sarkozy calls for worldwide bonus rulesPARIS — President Nicolas Sarkozy is urging other countries to follow France's example and limit bonuses handed out to bank traders to avert the kind of risk-taking blamed for fueling the financial crisis. Sarkozy also says that current world governance systems such as the Group of Eight are "stupid" and that they should be broadened to include poorer nations.
Sarkozy weighs into debate over banker bonuses after BNP Paribas compensation sparks angerAugust 7th, 2009 Banker bonus sparks anger in FrancePARIS — French President Nicolas Sarkozy wants to meet with leaders at BNP Paribas SA, his office said Friday, after a report that the bank had earmarked euro1 billion ($1.44 billion) in extra compensation sparked populist anger. Sarkozy hopes to meet with the bank's leaders Aug.
Bank of America pays $33-mn fine for misleading bonusesAugust 3rd, 2009 WASHINGTON - The Bank of America agreed to pay US regulators a $33-million fine for misleading its investors about billions of dollars in bonuses paid to Merrill Lynch executives when it acquired the investment bank. While seeking stockholder approval of the deal to acquire Merrill Lynch, the Bank of America said that Merrill would not pay year-end bonuses to its executives, the Securities and Exchange Commission said.
Nicolas Sarkozy collapses during joggingJuly 27th, 2009 LONDON - French President Nicolas Sarkozy was rushed to hospital after he collapsed while jogging. The 54-year-old politician was taken to Val-de-Grace Military Hospital in Paris through air ambulance, where he was joined by his wife Carla Bruni, 41.
Sarkozy falls ill, hospitalisedJuly 26th, 2009 PARIS - French President Nicolas Sarkozy was taken to hospital Sunday after falling ill while exercising, French media reports said. France Info radio said the incident occurred before noon at his residence in Versailles.
Sarkozy shakes hands with admirers while jogging in New York's Central ParkJuly 19th, 2009 NEW YORK - French President Nicholas Sarkozy was photographed as he shook hands with admirers, while on a jog through Central Park in the heart of New York City on Saturday. He was surrounded by his bodyguards while heading for the park's reservoir.
Cannot allow nuke power Pak to fall into terrorists hands: SarkozyJuly 9th, 2009 PARIS - French President Nicolas Sarkozy has said that it cannot allow nuclear power Pakistan to fall into the hands of the Taliban and other extremist organizations, which have been challenging the writ of the government. In an interview with France 5 television, Sarkozy warned that international community can not afford to let the Taliban and other extremist groups succeed in their nefarious aims of toppling the Pakistan government to lay their hands on the nuclear armaments.
Sarkozy says crisis not finished, but leading to world where French voice will be better heardJune 22nd, 2009 Sarkozy warns crisis not over yetVERSAILLES, France — French President Nicolas Sarkozy warned Monday that the economic crisis "is not finished," but added that the profound changes it is causing mean France's views will carry more weight around the world. Sarkozy also pledged that he would not introduce austerity policies as a result of the downturn, and said "I will not raise taxes because ...
Sarkozy unveils a sweeping, 21st century vision for Paris and its troubled suburbsApril 29th, 2009 Sarkozy unveils sweeping new vision for ParisPARIS — French President Nicolas Sarkozy has unveiled an ambitious, costly new plan to rethink the structure of Paris and its troubled suburbs. Sarkozy says a key focus of the plan should be expanding the French capital's links to the English Channel via more trade along the Seine River and a new high-speed rail line to Le Havre.
No more bonuses in case of failure, says SarkozyMarch 25th, 2009 PARIS - French President Nicolas Sarkozy has said that there should be no more severance payments or bonuses to executives of French firms who have performed badly. 'There must be no more 'golden handshakes'.
France gives ultimatum to businesses on bonus paymentsMarch 25th, 2009 PARIS - The French government has delivered an ultimatum to companies on proposing a framework for bonus and other payments to their executives or the state will impose sanctions, a close adviser to President Nicolas Sarkozy said Wednesday. The companies have until March 31 to come up with proposals, Henri Guaino told France Inter radio.
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