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AIG fails to keep pledge to return bonuses
19 hours ago ago from Monstermike's Blog
When word spread earlier this year that American International Group had paid more than $165 million in retention bonuses at the division that had precipitated the company's downfall, outrage erupted, with employees getting death threats and President Obama urging that every legal avenue be pursued Source: http://www.washingtonpost.com/wp-dyn/content/article/2009/12/22/AR2009122203788.html
Related contentThe Brass at Big Finance Still Get Their Bonus.
19 hours ago ago from Rag Hand
From the BBC The heads of US mortgage giants Fannie Mae and Freddie Mac may each receive pay packages of up to $6m (£3.7m) for 2009, depending on company performance. The government has put $111bn of public money into the companies since taking them over and the awards go against moves to curb lavish pay packages. But the regulator which decided the pay levels said the awards were 40% lower than before the government bailout. ...
Related contentRepaying bailout funds
15 hours ago ago from Tan Kin Lian\'s Blog
During the global financial crisis, many banks were on the verge of collapse. The collapse of one big bank could trigger the collapse of other banks, risking the stability of the entire global financial system. The US Government stepped in to provide billions of taxpayer funds under the TARP (troubled assets relief program) program to stabilize and restore confidence in the system. The taxpayers were shocked that these bailed out banks ...
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Spin off gets Cablevision CEO second salary, bonus
23 hours ago ago from U.S. News
Spin off gets Cablevision CEO second salary, bonus PHILADELPHIA (AP) -- The chief executive of Cablevision Systems will be getting a second salary, bonus and incentive awards after the company spins off its Madison Square Garden operations in next year's first quarter. A regulatory filing Thursday says Jim Dolan will become executive chairman of the spun off company. He will get a $500,000 base salary and a target annual bonus that could go ...
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