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Wall Street Bonuses

Human Vs. Predator: Who Will Be Master?

Tom Sullivan | Posted 05.25.2011 | Business
Tom Sullivan

The difference between a privately owned business and a public corporation is indeed personhood and personal responsibility. The birthers want to see Obama's birth certificate? I want to see Goldman Sachs' and Halliburton's.

An Invitation to the Tea Parties to Join the Fight

Cenk Uygur | Posted 05.25.2011 | Politics
Cenk Uygur

We can build a real populist movement that isn't funded by corporate America, that actually cares about the American people and throws the crooks out, and that fights the elites who have captured our government.

Calling on Kids of Investment Bankers, for Kids Who Aren't

Dr. Orin Levine | Posted 05.25.2011 | Impact
Dr. Orin Levine

If you're at a school where your parents and your parents' friends might be investment bankers, ask them this week if they have ever considered investing in the life of a child in the developing world.

Wall Street Bonuses: What The Politicians MEANT To Say

washingtonpost.com | Frank Ahearns | Posted 05.25.2011 | Business

So now, during bonus season, we look back at some of the key statements from the Great Bonus Controversy of 2009. The gap between what was said and wh...

Pay Czar's Reforms May Not Restrict Wall Street Pay, Overall Pay Likely WON'T Fall

bloomberg.com | Ian Katz | Posted 05.25.2011 | Business

Corporate governance and compensation experts say new rules will mostly help eliminate plans like those that tied bonuses to the number of subprime mo...

Wall Street Makes Merry With Other People's Money

Dan Collins | Posted 05.25.2011 | New York
Dan Collins

There's a good deal of jolliness on Wall Street this holiday season, thanks to the billions of dollars in bonuses that will be stuffed into the stockings of your favorite bankers. It's safe to assume the final tally will be very big.

Bankers Expect Rising Bonus Pay To Break Records

Bloomberg | Robert Schmidt and Ian Katz | Posted 05.25.2011 | Business

In Washington and on Main Street, politicians and voters are railing against Wall Street's multi- million-dollar pay packages. In the financial world,...

Obama: I Didn't Run For Office To Help 'Fat Cat Bankers'

Posted 05.25.2011 | Politics

President Obama takes aim at "fat cat bankers" and their aggressive lobbying efforts to defeat financial reform in an upcoming 60 Minutes interview se...

Daniel Gross: Why Wall Street Bonuses Will Continue to Exceed Profits

Slate Magazine | Daniel Gross | Posted 05.25.2011 | Business

This year, compensation will again eat up something close to a majority of Wall Street's revenues. And while Goldman and Morgan Stanley have paid back...

Stimulus versus Deficit Reduction? Wrong Debate

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

You want deficit reduction? Then how about a wealth tax of 5 percent a year until the unemployment rate drops below 5 percent? That small tax on just 400 souls would reduce the deficit by about $75 billion a year.

Wall Street and the US Government: Where's Jimmy Stewart When We Need Him?

Steven G. Brant | Posted 05.25.2011 | Politics
Steven G. Brant

With all the interest in the damage Wall Street has done, activity that's the opposite should draw some attention. But coverage of the corporate social responsibility movement is not yet an idea whose time has come.

We Cut A Bad Deal

Rep. John K. Delaney | Posted 05.25.2011 | Business
Rep. John K. Delaney

why am I -- like you -- unsettled by headlines that show these same firms earning record profits and paying record bonuses? Because we taxpayers don't own enough of these firms. In many instances we own nothing.

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...

Oh Goldman: A Song for Your Bonus Babies

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

In the middle of the bath / In the middle of the bath I call your name / Oh Goldman, oh Goldmamn, my love will turn on you / My love will turn on you

Shahien Nasiripour

Obama to Push Tax On Being 'Too Big To Fail'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

President Obama will unveil on Thursday a proposed levy on the nation's biggest financial firms structured not just to repay taxpayers for the bank ba...

New York Times Blames Workers for Unemployment?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

A column in the Business section was about how the American worker is overpaid. They claim that if workers don't take cuts, these "overpaid" working stiffs will be the cause of another Great Depression.

Wall Street's Bonuses Problem: Should They Be 7 Figures Or 8?

New York Times | LOUISE STORY and ERIC DASH | Posted 05.25.2011 | Business

Everyone on Wall Street is fixated on The Number. The bank bonus season, that annual rite of big money and bigger egos, begins in earnest this week, ...

Jamie Dimon Reportedly Entreated British Politician To Reconsider U.K. Bonus Tax

bloomberg.com | Elizabeth Hester | Posted 05.25.2011 | Business

Dec. 28 (Bloomberg) -- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon told U.K. Chancellor of the Exchequer Alistair Darling that his 50 per...

Wall Street's Record Bonuses Return: Analysts Predict $30 Billion In Bonuses At Big 3

Bloomberg | Michael J. Moore and Ian Katz | Posted 05.25.2011 | Business

Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis since the Great Depressio...

Have We Forgotten How To March?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Was the president signaling that it was time for progressives to form a visible protest movement against "fat cat bankers"?

Business News Headlines and Financial Gossip

Dealbreaker.com | Bess Levin | Posted 05.25.2011 | Business

British-based Barclays Capital may be a bellwether for Wall Street's bonus season. The bank is ratcheting up stock payments to its execs and axing the...

Pass Financial Regulatory Reform - Then Break Up the Big Wall Street Banks

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

With no regard for history -- and here I mean the events of only 12 months ago -- the Republicans and Big Banks have the audacity to contend that the creation of jobs requires the lowest levels of regulation possible.

Bust Up the Banks Before it's Too Late

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The world's concentrated financial sector has been grabbing more than its fair share of wealth. We desperately needs Glass-Steagall on steroids.

Bill Gates: Wall Street Compensation Too High

Reuters | Michelle Nichols | Posted 05.25.2011 | Business

Bill Gates said on Wednesday he believes Wall Street pay is "often too high" and that U.S. government ownership of American International Group Inc wo...

It's Time for Goldman Sachs to Come Clean

Andy Stern | Posted 05.25.2011 | Business
Andy Stern

We can no longer allow Goldman to write the rules of our economy. We can no longer allow Lloyd Blankfein to control our destiny. Goldman Sachs needs to come clean.