The recession has opened many eyes and some large corporations have decided to reorganize the payroll structure, changing the way/amount their CEO’s with be compensated.

Business research firm, The Conference Board had nine companies accepting principles set out, including companies like AT&T, Hewlett-Packard, and Tyco International.

The nine companies all decided to have pay packages to be looked over and to offer affordable compensation. Also, it was decided to eliminate disproportionate funds to relation to CEO payouts.

This comes not as a huge shock with the Obama administration pushing to reform the way the financial institutions function inside and out. The Conference Board feels having guidelines to regulate the ways in which companies distribute pay will be the most effective approach.

Today marked the third day of economic hopefulness as we saw new highs on Wall Street, showing what some may call proof to the beginning of economic recovery.

The stocks that were coming out on top were manufacturing companies as well as energy, such as General Electric Co (NYSE:GE) and Exxon Mobil Corp (NYSE:XOM).

A higher demand in crude inventories were seen last week as a significant drop showed. Despite this, industrial output showed an increasing advancement for the second month in a row.

Although we have been seeing an increase in some of the stocks, the American dollar is still being pounded by the British pound and the Japanese Yen.

To ensure optimism, Federal Reserve Chairman Ben Bernanke stated it was “very likely” that the recession is over.

“We can be confident that the storms of the past two years are beginning to break”, said President Barack Obama in his speech on the current economic conditions. In the one-year anniversary of the Lehman Brothers demise, the President stated that we are seeing a recovery in the U.S. economy and financial system.

The credit for the climb back was given to the $787 billion stimulus that was pushed through and implemented by congress in the first days of President Obama taking office.

President Obama continued by harping that the “days of reckless behavior and unchecked excess” are not to be practiced, since having had previously lead to what could have been a second Great Depression.

Later this month, President Obama will be at the Pittsburg G-2o summit to focus on and make and attempt to “address the underlying problems that caused such a deep and lasting global recession”, as the President put it.

Since much focus on Washington is on making changes to the health care system, we have seen little movement in regulation. Lawmakers are hesitant to step forward since the government intervention into the automotive industry.

JPMorgan Chase, Wells Fargo and others saw a substantial increase in their second-quarter profits, double of second-quarter profits reported in 2008.

New propositions by the administration such as giving the FED the powers to oversee and impose conditions in order to dissuade companies from gross expansion.

There is an overwhelming outrage against companies that are still handing out juicy bonuses in this economy. Cities across the country bare witness to the indecent actions of bankers who are still collecting big bonuses and others are barely making ends meet.

Wall street has small business owners and others fuming at that bankers are still putting money aside to pay year-end bonuses. Having a multibillion-bonus fund is adding insult to injury as many Americans are hanging on to keep their finances balanced after having their taxes were used to keep these businesses afloat.

Michael Moore, famed documentary maker for such films such as “Bowling for Columbine” and “Sicko” plans on doing a bit of exploitation himself. Moore’s newest documentary “ Capitalism: A Love Story”, shows the inconsistencies in the past banking bailouts and audaciously calls for the return of the taxpayers money back.

The current criticism comes after the national unemployment rate has reached its highest since 1983, at 9.7 percent.