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Bonuses

G-20 Promises Crackdown On Bankers' Pay

AP | JANE WARDELL and AOIFE WHITE | Posted 05.25.2011 | Business

LONDON — Top finance officials from rich and developing countries agreed Saturday to curb hefty bankers' bonuses, but the proposed crackdown on ...

The Bonuses and the Damage They Do

Dave Johnson | Posted 05.25.2011 | Business
Dave Johnson

This is a story we know too well: Wall Street vs. Main Street. Irresponsible behavior leads to bonuses for the former while working hard and playing by the rules leads to unemployment and foreclosure for the latter.

Supreme Court To Hear Case On Execuitve Pay

New York Times | ADAM LIPTAK | Posted 05.25.2011 | Business

Last summer, Richard A. Posner, a federal appeals court judge, issued a surprising and prescient dissent. Executive pay is out of control, he said, an...

What's Wrong With Bonuses?

Adam Taylor | Posted 05.25.2011 | Business
Adam Taylor

The bonus arms race began in the 80s, and has shown little sign of abating. In practice this has meant that bonuses have ceased to be performance related at all; instead, just a guaranteed sum.

Will The Banksters Kill Needed Financial Reforms?

Danny Schechter | Posted 05.25.2011 | Politics
Danny Schechter

If the Banksters are not brought to heel, we will have survived this crisis only until the next one erupts.

Frog and Scorpion Healthcare

Stephen Herrington | Posted 05.25.2011 | Politics
Stephen Herrington

Americans are for a starting up a public health care system by a huge majority. Why, then, is Obama losing support on the issue?

Why, Yes, We Do Have to Regulate Some Executive Pay

Rob Shapiro | Posted 05.25.2011 | Business
Rob Shapiro

Ironically, the bailouts that saved us from a second Great Depression may also bolster some of the distortions that threaten to produce it. Old practices that got us into this mess still go on.

Political Haiku: Cash for Clunkers

Frank Dwyer | Posted 05.25.2011 | Politics
Frank Dwyer

Please give poor Cindy McCain the bonus so she can get a new one....

Barclays Gives Ex-Lehman Traders Huge Bonuses

The Observer | Richard Wachman, City Editor | Posted 05.25.2011 | Business

Barclays is to pay tens of millions of pounds to its investment bankers, who have made huge profits from trading in government debt, derivatives and f...

Goldman, J.P. Morgan and Wall St.'s Original Sin

Robert Teitelman | Posted 05.25.2011 | Business
Robert Teitelman

What is the origin of Wall Street's sin? And, just as importantly, who or what is responsible?

Friday Talking Points [79] -- Judicial Activism And Bias

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

"Judicial activism" (or, alternatively, "legislating from the bench") is defined -- no matter what your political beliefs -- as "judges not ruling the...

Desperate Housewives

Rob Fishman | Posted 05.18.2009 | Style
Rob Fishman

Scarsdale has always traded on its education system -- and hence, its values. Then what of the upsurge in thievery, crimes that make Teri Hatcher and co.'s seem petty by comparison?

The American Tax-Paying Sucker

Rabbi Shmuley Boteach | Posted 05.25.2011 | Business
Rabbi Shmuley Boteach

Look, if you're a wealthy American and you want to buy a Yacht, G-d bless you, but you can't ask secretaries and firefighters, who are struggling to pay their utility bills, to finance your butler.

Thomas B. Edsall

Bonuses To New York Times Execs Under Fire

HuffingtonPost.com | Thomas B. Edsall | Posted 05.25.2011 | Media

At a time when New York Times managers are forcing all employees to take a five percent pay cut, and demanding even larger sacrifices from the NYT-own...

My Late Night Visits from the Ghosts of Financial Outrages Past, Present, and Future

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

With my younger daughter away, I was looking forward to a quiet night in, curled up in bed with a few dozen pieces on the financial crisis I'd cut out from newspapers and magazines. But instead of reading a few and nodding off, I ended up staying up most of the night, getting more and more outraged with each article I read. These days, the business section is not for the faint of heart. READ MORE The Torture Moment The way we respond to the revelations about the Bush administration's use of torture will define the kind of country we are. It is a test of our courage and our convictions. So far, the media are not getting high marks. They can't seem to shake their addiction to looking at every issue through the archaic prism of right vs. left. READ MORE

Fannie, Freddie Retention Bonuses Total $210M

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Mortgage finance giants Fannie Mae and Freddie Mac plan to pay more than $210 million in bonuses through next year to give workers ...

Arthur Delaney

Bonus Ban Passes House Committee

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Politics

The House Financial Services Committee approved legislation Thursday that would ban bonuses for employees at any financial firm that has benefited fro...

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?

We Are So Angry That We've Lost Our Minds

Larry Gellman | Posted 05.25.2011 | Business
Larry Gellman

President Obama says we should stay angry but express our outrage in productive ways. I say we should get rid of the anger altogether.

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?

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.

Bloomberg for Treasury Secretary

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

We simply cannot afford to have a distracted, hobbled Treasury Secretary who does not have the trust of markets or members of Congress. Mr. President, call Gracie Mansion.

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 and the Undeserving Rich

Joseph A. Palermo | Posted 05.25.2011 | Business
Joseph A. Palermo

For years unbridled capitalism has beat down and bloodied the working middle class in this country. Those chickens are now coming home to roost.

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.