Yahoo’s new CEO, Carol Bartz, will be paid an annual base salary of $1 million, according to an 8-K filing with the SEC.

Henry A. Waxman, Committee Chairman on Oversight and Government Reform, Requests Compensation and Bonus Information for Employees of Major Banks

On Monday, President Bush urged Congress to move quickly and to resist the temptation to add provisions to the $700 billion bailout bill he has requested saying that such additions "would undermine the effectiveness of the plan.”

Blacks Leisure has announced that its chief executive Russell Hardy is to quit the business "by mutual consent". Current finance director Keith Fleming has become acting chief executive with immediate effect as the company's board commences a search for a permanent replacement.

Chief Executive Officers (CEOs) in South Korea emerged as the highest paid in the Asia-Pacific region, while their Indian counterparts were the lowest paid, a survey said.