BUSINESS
03/18/2010 05:12 am ET | Updated May 25, 2011

Money Spent On Perks, Fringe Benefits Rose At Bailed Out Banks Last Year

Even as the nation's biggest financial firms were struggling and the federal government was spending hundreds of billions of dollars to save many of them, the companies as a group were boosting the perks and benefits they pay their chief executives.

The firms, accounting for more $350 billion in federal bailout funds, increased these perks and benefits 4 percent on average last year, according to an analysis of corporate disclosures filed in recent months.

Read more on Washington Post