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Five senior executives at American International Group told the insurer last week they may quit if their compensation was cut significantly by the U.S. pay czar, the Wall Street Journal reported on Sunday.
How far to go in limiting bankers' bonuses looms as one of the toughest issues at this week's summit of world leaders in Pittsburgh, with clear differences between the U.S. and Europe.
The Anglo-Australian mining giant rejected Chinese allegations that its employees detained in Shanghai were involved in bribery and stealing state secrets.
The government of Prime Minister Kevin Rudd has been walking a political tightrope since the detention last week of an Australian mining executive who is accused of stealing state secrets.
Goldman Sachs Group Inc executives sold almost $700 million worth of stock since the collapse of rival Lehman Brothers last year, the Financial Times said on Monday.
The House of Representatives is considering legislation Wednesday that would grant Treasury Secretary Timothy Geithner the authority to ban future "unreasonable and excessive" compensation at companies receiving federal bailout money.