Tag Archives : bankruptcies

Vikram Pandit (Citigroup chief), Edward Liddy (AIG chief), and Google senior executives Larry Page, Sergey Brin, and Eric Schmidt have all humbly taken a mere USD 1 salary. Recession does change the tides of (corporate) history. Well, USD 1 can hardly be called salary. It can’t be referred to as token, either. Honorarium, no. So, it’s probably [...]

“Giving large sums of money to the very people who caused the problems in the first place seems very unwise, to put it mildly,” said Srichand P Hinduja, Chairman of the diversified Hinduja Group. In an article in Forbes magazine, as a pre-G-20 London summit commentary, Hinduja said: “What we are witnessing is the trailer to the real movie.” [...]