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Wall Street Bonuses

Washington: Totally Disconnected From Main Street

Don McNay | Posted 05.25.2011 | Business
Don McNay

Operating a business on Main Street is a lot different than lecturing at the Harvard Economic Club. The team Obama surrounded himself with has spent way more time in a faculty lounge than in the corner barber shop.

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...

Here Comes the Story of the "Hurricane"

Dylan Ratigan | Posted 05.25.2011 | Business
Dylan Ratigan

Wall Street may claim the crisis was caused by a perfect storm, but the only thing perfect about it was their ability to line their pockets at the expense of our country.

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,...

Regulating Systemic Risk and Banker Compensation Will Not Fix What Is Broken on Wall Street

David Paul | Posted 05.25.2011 | Business
David Paul

The incentives to make big bets and take big risks has survived, but without the accountability. Today, the US Treasury and the Fed are trying to hold the pieces together. But why?

Wall Street Bonuses Set to Increase

CNNMoney.com | David Ellis | Posted 05.25.2011 | Business

Now with analysts predicting impressive third-quarter numbers from some of the nation's largest financial firms, big bonuses for top Wall Street talen...

Obama at the United Nations

Sasha Abramsky | Posted 05.25.2011 | Politics
Sasha Abramsky

Barack Obama has always been at his best when the setting enables him to explain his vision for transformative change through the use of broad historical themes and holistic analyses.

Chairman Bernanke, We Don't Believe It Is Over

Michelle Kraus | Posted 05.25.2011 | Politics
Michelle Kraus

There is a reason that the American people are losing ObamaHope. It's not just unemployment. The reality cuts much deeper than the everyday lives of normal people.

Making Bankers Wait...

Nicholas Brown | Posted 05.25.2011 | Business
Nicholas Brown

The banks have created a bonus system that encourages economy-destabilizing investment bubbles. That seems foolish. So here's a proposal: a tax cut to encourage bonus reform.

Screaming Joe Wilson: Newt Gingrich's Frankenstein

Lorelei Kelly | Posted 05.25.2011 | Politics
Lorelei Kelly

If congressional politics are inside baseball, Newt Gingrich completely upended the playing field. Joe Wilson isn't an accident, he's an outcome.

Goldman Sachs Not Doing "God's Work," Says Satan

Andy Borowitz | Posted 05.25.2011 | Comedy
Andy Borowitz

While Satan said he was "delighted" by the bonuses being paid out to Wall Street executives this year, he was clearly miffed that his role in the financial firms' successes had been largely ignored.

Wall Street Bonuses Were Good For State, Says Governor Paterson

New York Daily News | By Glenn Blain | Posted 05.25.2011 | New York

ALBANY - Gov. Paterson doesn't think it was such a great idea to go after all those Wall Street bonuses. Paterson Thursday took aim at a signature ...

Labor Day Special: Reward Real Work, Tax Fantasy Finance

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

We fought a war of independence to free us from aristocratic rule. Now an aristocracy of wealth is taking over, again, even after we watched it wreck the entire economy.

AIG CEO: Cuomo "Unbelievably Wrong," Criminal For Going After Wall Street Bonuses

Bloomberg | Hugh Son | Posted 05.25.2011 | New York

American International Group Inc. Chief Executive Officer Robert Benmosche told employees that New York Attorney General Andrew Cuomo was "unbelievabl...

Obama's Pay Czar Leaning Against Naming Names

Reuters | Steve Eder and Karey Wutkowski | Posted 05.25.2011 | Business

NEW YORK/WASHINGTON (Reuters) - Wall Street salaries have become everybody's business lately, but the Obama administration's pay czar may try to keep ...

Smaller Bonuses At Goldman Sachs?: Analysts Predict Political Backlash Will Turn Tide

New York Times | Cyrus Sanati | Posted 05.25.2011 | Business

Despite the scrutiny it has drawn for setting aside nearly $11.4 billion in the first half of the year to pay its employees, Goldman Sachs is showing ...

Why White House Spokesman Robert Gibbs is Dead Wrong about Wall Street Pay

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Please someone tell me how an entire sector that is on taxpayer life-support is creating value that justifies high salaries and bonuses?

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.

Letting the Banking Rats Out of the Bag

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

Why has it been left to one stellar judge to sound the alarm on Bank of America and Merrill Lynch, and why is Congress and the Obama administration looking the other way?