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Bank Bonuses

Wall Street Bonuses At Big Three Banks May Be Up 60% From Last Year

bloomberg.com | Michael J. Moore and Ian Katz | Posted 05.25.2011 | Business

Nov. 9 (Bloomberg) -- Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis sin...

RT @huffbusiness Wall Street Bonuses Vs. Normal Wages: An EXTREMELY Disturbing Chart

Huffington Post | Marcus Baram | Posted 05.25.2011 | Business

It may be hard to believe but there was a time, almost 25 years ago, when Wall Street and Main Street weren't so far apart -- at least when it came to...

Citigroup: Bonuses To Be Capped At Under $100,000

ft.com | Francesco Guerrera | Posted 05.25.2011 | Business

Citigroup is to cap cash bonuses for bankers at below $100,000, according to people close to the situation. The move is aimed at defusing the public i...

Giuliani: My 'Warped View' Is That Huge Wall Street Bonuses Are ‘Wonderful’

thinkprogress.org | Posted 05.25.2011 | Business

On Saturday, the New York Times reported that the "bank bonus season" that begins this week "will be one of the largest and most controversial blowout...

Christian Science Monitor: Mad About The Bailouts? Move Your Money

Christian Science Monitor | Posted 05.25.2011 | Business

Mad about the bank bailouts? Had enough of huge bonuses and too-big-to-fail apologies? Take your money out. That's right. Take your checking and savi...

France To Follow Suit On Britain's Bank Bonus Tax (VIDEO)

Huffington Post | Gazelle Emami | Posted 05.25.2011 | Business

France is looking to match Britain's decision yesterday to impose a one-time 50% windfall tax on bank bonuses, French government officials said today....

Martin Wolf: Windfall Tax For Wall Street Bonuses

Martin Wolf | Posted 05.25.2011 | Business

Windfall taxes are a ghastly idea. They are a sop to prejudice, a burden on risk-taking and a form of arbitrary confiscation. No sensible person shoul...

Annual Bank Bonuses To Be Banned In U.K.

BusinessWeek | DAVID STRINGER | Posted 05.25.2011 | Business

British Treasury chief Alistair Darling said Monday that annual bonuses for bank executives will be outlawed in an attempt to curb excessive risk-taki...

Sarkozy Threatens G20 Walkout If There's No Agreement On Bank Bonuses

Reuters | Posted 05.25.2011 | World

PARIS (Reuters) - French President Nicolas Sarkozy has threatened to walk out of the summit of Group of 20 leaders in Pittsburgh next week if there is...

Remember That Whole Thing About Fixing Our Financial System?

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

"Everybody understands," Geithner said on This Week, "that we cannot have our financial system go back to the practices that brought this economy to the brink of collapse." The problem is, it already has.

The Public Option in Banking: How We Can Beat Wall Street at Its Own Game

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

Many people feel that some bankers are thieves stealing from the public till and should be looking at jail time. But who is there to stop their parade of outrages?

Great Recession: All's Well That Ends Well?

Michael Wolff | Posted 05.25.2011 | Business
Michael Wolff

So it's almost official. The recession is almost over.

Bank Pay Restrictions Face Senate, Obama Skepticism

bloomberg.com | Ian Katz and Jesse Westbrook | Posted 05.25.2011 | Business

July 31 (Bloomberg) -- Restrictions on financial industry bonuses heading to a vote in the U.S. House may be rejected by the Senate and the Obama admi...

TARP Bank Bonuses: Who Cashed In Last Year? (PHOTOS)

Posted 05.25.2011 | Business

Today, New York state Attorney General Andrew Cuomo released a detailed report on last year's bonus season for bailed-out banks. Called "NO RHYME OR R...

U.K. Prime Minister Supports Holding Banker's Bonuses for 5 Years

bloomberg.com | Gonzalo Vina and Andrew MacAskill | Posted 05.25.2011 | Business

July 16 (Bloomberg) -- Prime Minister Gordon Brown said the U.K. government will adopt plans forcing banks to hold back half of all bonuses for senior...

Morgan Stanley To Boost Executive Salaries As Bonuses Decline

Bloomberg | Elizabeth Hester | Posted 05.25.2011 | Business

Morgan Stanley, the sixth-biggest U.S. bank by assets, will increase some executive salaries and double Chief Financial Officer Colm Kelleher's pay as...

Sam Stein

Blowback: Union Mailer Targets Specter As GOP Primary Heats Up

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

The labor community is launching a large wave of political attacks against Sen. Arlen Specter, linking the Pennsylvania Republican's decision to oppos...

The "Populists" Are Right About Wall Street

Thomas Frank | Posted 05.25.2011 | Business
Thomas Frank

How has a popular Democratic president with a convincing electoral mandate failed to translate the opportunities of recent events into the "change" for which voters clamored?

Pendulum Swings Against Business, Banks, and Bonuses

Tim Berry | Posted 05.25.2011 | Business
Tim Berry

Anybody who hasn't been living in a cave knows how bonuses got a bad name: excess and greed in large business. But what those of us in small business, where a bonus is a reward for a job well done?

Take the Steering Wheel out of Geithner's Hands

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

Tim Geithner's actions throughout his career, including his time as Treasury Secretary, are proof that the toxic thinking that got us into this mess is part of his DNA.

If We 'Kill the Rich', Don't We Kill the Dream?

Vicky Ward | Posted 05.25.2011 | Business
Vicky Ward

New York is the national epicenter of ostentation and consumerism. Now those qualities are considered tasteless. Wealth has become a dirty word.

AIG Bonus Money is Kid's Play: Literally

Jennifer Delaney | Posted 11.17.2011 | Healthy Living
Jennifer Delaney

If AIG were to donate the 418 bonuses to charity, it would be a brilliant preemptive PR move to neutralize its current out of touch public persona. Here's what the money could provide.

ING Bonuses To Be Reutrned

Bloomberg | Martijn van der Starre | Posted 05.25.2011 | Business

March 23 (Bloomberg) -- ING Groep NV, the first Dutch bank to tap a government rescue package, asked 1,200 workers including its 200 "top employees" t...

Geithner's Last Stand

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

The indignation over AIG will serve a useful purpose if it focuses public attention on the much larger issue of the failure of the entire approach that Tim Geithner and Larry Summers are using to rescue the banking system.

A Real Simple Solution to the AIG Bonus Mess

Andy Ostroy | Posted 05.25.2011 | Politics
Andy Ostroy

Rather than allow these bonuses to remain intact or to take them away outright, how about deferring them until the companies and their troubled business units turn their financial fortunes around?