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BofA Is Seeking New Directors
Bank of America's board is searching for new directors. Shareholders last week voted to strip CEO Lewis of his chairman's title.

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Supervalu Names New CEO
Jeff Noddle is stepping down as Supervalu chief executive and will be succeeded by former Wal-Mart Stores executive Craig Herkert.
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At Mortgage Giant, Tragedy Amid Turmoil
Freddie Mac's acting finance chief secured, just prior to his death, a favorable ruling allowing the company to avoid a possible $30 billion charge.
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Directors: Executive Pay Will Fall More
Seventy percent of corporate board members expect executive pay to fall over the next two years.
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CFO Pay Drops as Bonuses Shrink
Lower bonuses dragged down chief financial officer compensation in 2008, according to a new study by compensation-research firm Equilar Inc.
Devising Strategies for Flu Interruptions
Many employers are scrambling to safeguard employees and prevent production interruptions should the swine flu outbreak become more widespread.
U.S. Helps Bailed-Out Firms Pick Executives
As the government falls into the role of executive recruiter, it faces the challenge of filling positions with limited authority -- and pay.
CEOs Should Take Investors Along for Ride
What some small firms in the world of corporate compensation do right says a lot about what the rest of corporate America does wrong.
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Fiat's Marchionne Faces Hurdles
Fiat CEO Marchionne now faces a bigger challenge than clinching an alliance with Chrysler: restructuring one of Detroit's most troubled auto makers.
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Nabors Cuts CEO's Death Benefit
Nabors Industries, under fire from shareholders, cut its death benefit for Chairman and CEO Isenberg to $100 million in cash from $264 million.
- What Do Top CEOs Make?: WSJ.com/ExecutivePay
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Freddie to Give HR Chief Up to $1.3 Million in Bonuses
Freddie Mac disclosed that its human-resources chief, Paul George, will receive retention bonuses of as much as $1.3 million.
- What Do Top CEOs Make?: WSJ.com/ExecutivePay
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Lewis Ousted as BofA Chairman
Bank of America's board stripped Kenneth Lewis of the bank's chairman title after shareholders voted to split the chairman and chief-executive posts. Walter Massey was elected chairman.
- Deals: How to Fill a Merrill Hole
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Citi Seeks Approval for Bonuses
Citigroup, grappling with pay restrictions that could break apart its energy-trading unit, is asking the Treasury for permission to pay special bonuses to many employees.
- Deals: The Struggle to Keep Phibro Happy
- Readers React: 'Let them quit'
- WSJ.com/ExecutivePay: Complete coverage
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Chesapeake Holders Denounce CEO Pay
Chesapeake Energy shareholders criticized the board for paying CEO Aubrey McClendon $112 million last year even as the stock fell.
- WSJ.com/ExecutivePay
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Calpers to Vote Against BofA Board
Calpers plans to vote against the re-election of all 18 Bank of America directors, including Chairman and CEO Lewis.
- Heard: BofA Needs a New Chief
'Tweeting' Carefully to Avoid SEC Ire
More companies are using blogs and "tweets" to communicate with investors and customers, but risk running afoul of SEC regulations.
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New Bill to Target Boards, 'Say on Pay'
Schumer plans to introduce a bill to give investors an advisory vote on pay and require companies to name independent chairmen.
Raising Bill Gates
Bill Gates Sr. describes what it took to turn an unruly 12-year-old into Microsoft's founder and the world's richest man.
- Photos: Gates Family Album | Video
- Discuss: Gates's most lasting legacy?
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Despite Slump, Fewer CEOs Exit
Recessionary pressures are mounting, but fewer chief executives are leaving their posts, according to a new report.
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'Say on Pay' Wins at Pfizer, Loses at J&J;
Pfizer's shareholders voted to seek an advisory role on executive pay, while shareholders at rival J&J; defeated another compensation proposal.
Fannie CEO Won't Get Pay Raise
Fannie Mae promoted Michael J. Williams to the posts of president and chief executive. But in a sign of the times, Mr. Williams won't get a pay increase.
Entrepreneurs Cut Own Pay to Stay Alive
A number of small-business owners have stopped paying themselves as they struggle to keep their companies afloat.
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Booz to Buy Katzenbach Partners
Management-consulting firm Booz & Co. said it will buy boutique consultant Katzenbach Partners for an undisclosed sum.
Employers Make Cuts Despite Belief Upturn Is Near
Many companies believe that an economic upturn is coming, but they are still cutting jobs and benefits. But some wonder whether layoffs make sense with a possible recovery around the corner.
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Pressure Grows on BofA's Lewis
TIAA-CREF and public funds in New Jersey, Connecticut and Illinois intend to oppose the re-election of Bank of America Chairman Kenneth Lewis.
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Citi Investors Vent About Losses
Investors vented at Citi's annual meeting, but a slate of directors was handily elected and CEO Pandit dodged much criticism of his tenure.
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Firms End Key Benefit for Executives
Dozens of companies are ending the practice of reimbursing top executives for taxes on some perks.
Bringing a New Business Into Fold
Crane & Co.'s experience offers insights into a common conundrum: how to develop a breakthrough product with a tiny, untested partner.
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Key Nonprofit Jobs Remain Open
Nonprofits, already strained from declining donations, are facing another problem: widening vacancies in senior leadership positions.
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How DHR Chief Found Her Match
Christine Greybe earns her livelihood matching companies with new senior executives in these turbulent economic times.
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Borders Plans To Install New Board
Borders Group intends to dramatically remake its board of directors, just three months after the nation's second-largest bookstore chain overhauled its top management.
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CEO Wealth Shrinks in 2008
'Tool City' Weathers Downturn
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Fiat CEO May Take Top Chrysler Job
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Retaining Top Employees in Tough Times
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Investors Diverge as Votes on Pay Near
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Goldman Seeks to Escape U.S. Grip
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Exxon's CEO Gets Raise
Hard Choice for Hard Times
Jobs Maintains Grip at Apple
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How to Restructure During a Slump
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China Limits Executive Pay
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Toyota to Revamp U.S. Operations
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Moynihan's Power Play at Bank of America
Labor Fears Spawn Legal Advice Boom
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Critic: Don't Bet on R&D;
Shareholder Input Sought on Pay
CEO Pay Sinks Along With Profits
Motorola Co-CEO Tops Pay Survey
For Some CEOs, the Perks Keep Flowing
Executive Pay Stays Under Pressure in '09
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R&D; Spending Holds Steady in Slump
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Fannie and Freddie Detail Bonuses
RBS Shareholders Vote Down Pay
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New Book Examines GE Chief Immelt
In France, Bosses Can Be Hostages
House Passes Weaker Bill Curbing Bonuses
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AIG Pay Panel Falls Under Fire
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GM Will Replace at Least Six on Board
French Bosses Besieged as Anger Rises
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Other CEOs React to Wagoner's Fate
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A Dream Team for GM's Board
Chairman-CEO Split Gains Allies
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Wagoner Finally Hits a Dead End
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Delaware Court Sides With Boards
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Motivating Workers, By the Book
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Emerging From the Slump Stronger
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Policy Makers Look to Boost Shareholder Clout
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CVS Picks Up Golf-Trip Tabs
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Intel Investors Can Cast Live Web Votes
Drive to Tax AIG Bonuses Slows
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Directors' Group Gives Repair Plan to Boards
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Intel to Reprice Employee Options
Repairing an Agency's Credibility
P&G;'s Lafley Outlines CEO Manifesto
Surviving the Downturn: Lessons From Emerging Markets
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Curbs on Pay May Have Some Bite
How to Innovate in a Downturn
Some Will Pay Back Payouts From AIG
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Why 'Globality' Matters Now
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Poor Year Doesn't Stop Bonuses
Treasury Looks to
Recoup AIG Bonuses
Programs Bulk Up Overseas
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GM's Chief Softens View on Bankruptcy
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Stock Options Ailing, but Aren't Dead
House Panel Probes Merrill Bonuses
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Wall Street Pursues Pay Loopholes
Political Heat Sears AIG
More Directors Cutting Own Pay
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Citi Picks Four New Directors
Fortune Taps Shattock for Beam Spirits
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Survival Guides For Governance
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Citigroup to Name Board Nominees
Volunteering for a Work Furlough
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For New Polaris CEO, Baptism by Fire
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P&G; Veteran Arnold Resigns
McDonald's Seeks Way to Keep Sizzling

Leadership Guide

New Guide to Managing
Watch videos with tips from top CEOs and read our step-by-step how-to guide.
- YouTube's CEO: How to Hire Top Talent
- Xerox's Mulcahy: How to Lead a Turnaround
- How to Do Layoffs
- Avoid Common Mistakes of New Managers
WSJ CEO Pay Survey
Full Survey Results
See complete compensation details for the 200 CEOs in The Wall Street Journal's CEO Pay Survey.
- Related Guide: How to Read Proxy Statements
Guest Columns
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In Defense of Director Pay
A recruiter argues that director compensation is being unfairly attacked, in this guest column.
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How to Divvy a Tiny Raise Pool
Managers must decide how to divide puny salary-increase budgets among many employees. Here's how.
How Executives Botch Layoffs
Executives are making senseless mistakes that cause layoffs to be more painful than they need to be, says author Patrick Lencioni.
Seven Lessons for Leading in Crisis
Bill George, Harvard professor, Goldman director and former Medtronic CEO, lays out seven lessons for leading during a crisis.
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Cut Pay, Not People
In a recession, it's smarter to reduce employee pay than to make layoffs, argues UCLA professor David Lewin in a guest column.
- Discuss: Cut pay or people?
Theory & Practice
'Tweeting' Carefully to Avoid SEC Ire
More companies are using blogs and "tweets" to communicate with investors and customers, but risk running afoul of SEC regulations.
Repairing an Agency's Credibility
Jan Frank took over a state insurance fund reeling from scandal. How she restored its reputation may offer lessons for Detroit auto makers, AIG and others.
Firms Running Out of Stock Options
The vicious bear market is presenting many companies with an odd problem: They're running out of shares with which to pay employees.
Recruiting Talent to Ailing Firms
Sick businesses often need fresh talent to recover. But attracting star players during bankruptcy can be difficult.
No-Layoff Policies Crumble
The recession is prompting layoffs at long-established employers that avoided job cuts in previous downturns.
Executive Pay
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Chesapeake Holders Denounce CEO Pay
Chesapeake Energy shareholders criticized the board for paying CEO Aubrey McClendon $112 million last year even as the stock fell.
- WSJ.com/ExecutivePay
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For Wagoner, $21 Million at the Exit
Rick Wagoner likely will leave GM with around $21 million -- $20 million of that in pension benefits, and another $535,000 in deferred compensation.
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Poor Year Doesn't Stop Bonuses
Some CEOs profited handsomely in 2008 even as their companies fared poorly. In a few cases, boards made performance goals easier to hit.
- House Panel Probes Merrill Bonuses
- Discuss: Performance and exec pay
Recommended Reading
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Top CEOs Name Best Leadership Books
CEOs including Time Warner's Bewkes and Novartis' Vasella tell us the books that have helped them lead.
- Discuss: Best Business Books
Tough Calls
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Deciding to Ditch a Successful Ad Campaign
Last year, eHarmony CEO Greg Waldorf made the risky decision to replace a successful ad campaign with a new one.
- Discuss: Making tough decisions
Handling Layoffs
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Advice on How To Lay People Off
As more managers have to lay off staff, our reporter -- who in a prior role did layoffs for GM and Delphi -- explains the do's and don'ts of firing people.
- Video: How to Lay People Off

Theory & Practice

Employers Rethink Feedback Methods
Increased demand for feedback from younger workers is forcing some employers to rethink how they discuss employee performance.
Allaying Workers' Fears in Tough Times
CEOs Share Economic Pain

Business Bookshelf

Why Panic Passes Him By
All you wanted to know about Warren Buffett -- and more.
Losing Strength
Goldman Sachs Before the Storm

Gary Hamel's Management 2.0

How to Tell if You're a Natural Leader
What's the difference between a "titled" leader and a "natural" leader? And which type are you, your boss and your staffers? Here's how to tell, in a new post from Gary Hamel.