Financial news on August 02, 2009

Business and Financial news
$100 Million Payday Poses Problem for Pay Czar

The Treasury Department’s executive pay czar will have to answer a $100 million question: Should Andrew J. Hall get to collect his bonus? Read more..

By DAVID SEGAL - The New York Times

10 Years Ago, an Omen No One Saw

When Talk magazine was introduced at a decadent party, no one knew what the Internet would do to the business. Read more..

By DAVID CARR - The New York Times

For the Unemployed, the Day Stacks Up Differently

Without a paying job, unemployed Americans have picked up other forms of labor and have found more time for leisure and socializing. Read more..

By AMANDA COX, SHAN CARTER, KEVIN QUEALY and AMY SCHOENFELD - The New York Times

Lynn Pressman Raymond, Toy Executive, Dies at 97

A savvy, innovative businesswoman, Mrs. Raymond brought flair to the toy industry. Read more..

By WILLIAM GRIMES - The New York Times

TV Contestants: Tired, Tipsy and Pushed to Brink

Grueling conditions are largely the rule for reality shows like “Project Runway” and “Hell’s Kitchen.” Read more..

By EDWARD WYATT - The New York Times

See what else happened on August 02, 2009