Louise Story

New York Times

Louise Story appears in the following:

Here's Looking at You, AIG! Obama Picks a Pay Czar

Monday, June 08, 2009

Do you remember the headlines of a few months back, when AIG handed out $165 million in bonuses after taking a federal handout? Well, so does the Obama administration. This week they are poised to announce a new set of regulations on executive compensation. They are also nominating a so-called Pay Czar to monitor executive compensation. Louise Story, reporter for The New York Times, joins The Takeaway with more.

For more, read Louise Story's and Eric Dash's article, U.S. to Propose Wider Oversight of Compensation, in the New York Times.


Out with the old, in with the new at big banks

Friday, January 23, 2009

Two of the nation's largest and most troubled banks are going through high-level personnel changes. Bank of America has taken over Merrill Lynch, and is now pushing out its chairman John Thain. And under pressure from federal regulators Citigroup has brought in a new chairman, Richard D. Parsons, who used to head up Time Warner. New York Times business reporter Louise Story joins John and Adaora to explain the high level staff shifts and what they might mean for the future of the banks.

For more, read Louise Story's article, Thain Resigns Amid Losses at Bank of America in the New York Times.


Did Wall Street bonuses spark the economic collapse?

Thursday, December 18, 2008

The profits on Wall Street are long gone. This week, Goldman Sachs, a longtime top performer, reported a quarterly loss of more than $2 BILLION, which is its first quarterly loss since going public nine years ago. While you would expect there would be no bonuses to executives at Goldman and other banks, that is not the case. Executives at banks that ran into the ground took home hundreds of millions. Now there are questions about what role those lavish bonuses played in the banks', and the economy's, collapse. Louise Story is covering this story for our partner the New York Times.

For more on this story, read Louise Story's article in the New York Times, On Wall Street, Bonuses, Not Profits, Were Real .