Sullying the otherwise esteemed reputation enjoyed by strip club proprietors, a federal judge ruled Friday that the owners of Rick's Cabaret in Manhattan owe dancers more than $10 million in unpaid wages.

Last year, two former interns at magazines owned by Condé Nast filed a class-action lawsuit against the company for underpaying them and thousands of other interns, in violation of labor law. According to recent court filings reported by Reuters, Condé intends to retroactively compensate the pair and over 7,000…

The Justice Department has conceded that a year of your life is worth just shy of $47,000. While that may not sound like a lot to those of you who live in New York, or even just like your lives, it's a hell of a lot higher than the $5,000 per year they were originally trying to play ball with.

Looking to get rich quick? Become a college president! According to a new Chronicle of Higher Education survey, 30 college presidents made $1,000,000 or more in 2008, more than ever before. How hard can it be, really?

Alan Newton (pictured) was convicted of rape and jailed 22 years before being cleared by DNA evidence in 2006. Yesterday, a jury awarded him $18.5 million in compensation. Is that enough?

BP CEO Tony Hayward will earn £600,000 (about $930,000) annually after stepping down in October as part of his pension plan. Yeah, I wish I majored in geology, too. [BBC]

North Korea is starving so badly that it had to re-open private markets last week. Now it wants $65 trillion from the United States as compensation for decades of "hostility." Well we have about $4.06 in our pockets... everyone else?

It's a good thing Citigroup repaid that $20 billion it owed the U.S. government on December 14. If it hadn't, some people might be a tad ticked off to hear that on December 30, the bank paid John Havens, Citi's investment banking chief, $9 million for his stellar work in 2008, making him the broken bank's highest-paid…

Goldman Sachs is giving in, believe it or not. The bank announced this morning that it plans to change up the way it compensates its top 30 execs this year, as the fury over outsized pay packages continues to grow. Goldman says it will now pay out the bonuses in the form of restricted stock, a move that will likely…

Citigroup has announced that it's raising salaries for several top execs at the partially government-owned bank. Fortunately, the list does not include Vikram Pandit, Citi's incompetent CEO. He'll continue to collect $1 a year for his services, which is still probably a dollar too much. [AP]

JPMorgan CEO Jamie Dimon shared some delightful news this morning. As expected, the bank posted super-solid earnings for the third quarter, generating $3.6 billion in profit based on $26.6 billion in revenue, results that were considerably higher than what Wall Street analysts were expecting. The House of Dimon also…

New York's bad-ass attorney general, Andrew Cuomo, has been looking into compensation on Wall Street for, like, nine months now. And now the fruits of his labor have been unveiled for all to see! Cuomo released a report today called "No Rhyme or Reason: The 'Heads I Win, Tails You Lose' Bank Bonus Culture," in which…

Things may be all hunky-dory at Goldman Sachs and JPMorgan Chase now that both firms announced hugely profitable second quarter profits. The same can't be said for Morgan Stanley, though. The bank posted a $1.26 billion loss for the second quarter today, but as is the case with so many things on Wall Street, you…

According to Crain's, New York's 100 top-paid executives took home $1.2 billion in compensation last year. And a handful of them, it turns out, are execs who happen to work at banks that received bailouts from Washington: "Number four on the list is Goldman's CEO Lloyd Blankfein, with $42.9 million. Following him is…

Dear Journalists: Lucas Grindley, Operations Manager of HeraldTribune.com ("southwest Florida's information leader"), would like you to get paid like bloggers. Specifically, like us! Summing up a largely boring, wonky, Poyntery debate about the value of reporters and information and CPM, Grindley decries Nick Denton's…