Bonuses

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Goldman Sach's Charity Filings Reveal Foundation's Complex Trades

New York Times | GERALDINE FABRIKANT | Posted 11.12.2009 | Business

The 2008 tax filing for the Goldman Sachs Foundation, a copy of which was provided by the firm late Wednesday, provides a glimpse of the legendary tra...

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WSJ: AIG CEO Robert Benmosche Ready To Quit Over Pay Constraints

Huffington Post/AP | Posted 11.12.2009 | Business

Read More: Geithner, Regulation, Credit Default Swaps, Obama, White House, Bailout, Insurance, Treasury, Benmosche, Wall Street, Robert Benmosche, New York, AIG Bailout, House, Kenneth Feinberg, Financial Reform, Aig, Metlife, Capitalism, Tim Geithner, Financial Regulation, Executive Compensation, Liddy, Barack Obama, Banks, Socialism, Bonuses, Ken Feinberg, Executive Pay, Edward Liddy, Senate, Business News

NEW YORK — After just three months as head of battered insurer American International Group, Robert Benmosche has threatened to leave his post a...

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

Bloomberg | Michael J. Moore and Ian Katz | Posted 11.09.2009 | Business

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

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Frank Rich: White House Doesn't Seem To Understand Public's Wall Street Rage

New York Times | FRANK RICH | Posted 11.07.2009 | Politics

Read More: Larry Summers, ny23, Regulation, Obama, Teaparty, New York 23, White House, Dede Scozzafava, Finance, Gop, Paul Volcker, Wall Street, Bill Owens, New York City, Michael Bloomberg, Financial Reform, Election Day 2009, H1N1 Vaccine, Ny-23, Doug Hoffman, Democrats, 2009 Elections, Bill Thompson, Main Street, Elections, Anger, Tim Geithner, Banks, Bonuses, Too Big to Fail, Executive Pay, Republicans, Politics News

The Obama administration does not seem to understand that this rage, left unaddressed, could consume it. It has pushed aside the entreaties of many --...

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Goldman Sachs CEO Lloyd Blankfein: "I'm Doing God's Work."

Times Online | John Arlidge | Posted 11.07.2009 | Business

Read More: Timothy Geithner, Goldman Sachs, Economy, Derivatives, Bailouts, Black Pools, Regulation, Credit Default Swaps, George Bush, Lloyd Blankfein, Policy, Goldman, London, Tim Geithner, Recession, Mortgage Crisis, Ben Bernanke, Henry Paulson, The City, Bailout, Barack Obama, Predatory Lending, Blankfein, Banks, Hank Paulson, Bonuses, Wall Street, Executive Pay, Business News

Goldman's reputation is suddenly as toxic as the credit default swaps and other inexplicably exotic financial instruments it used to buy with glee. Th...

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Supreme Court To Hear Case About Excessive Pay; Parallels Seen In Executive Compensation

Washington Post | Robert Barnes and Steven Mufson | Posted 10.31.2009 | Business

Read More: John C. Bogle, Regulation, Reform, Obama, Investors, Mutual Funds, White House, Bailout, Sotomayor, Jones vs. Harris, Jones vs. Harris Associates, Wall Street, Excessive Pay, Vanguard Group, Kenneth Feinberg, Financial Reform, Compensation, Pay Czar, Nfl, Index Funds, Barack Obama, Corporations, Sonia Sotomayor, Supreme Court, Jones v. Harris Associates, Bonuses, Ken Feinberg, Apeals Court, Executive Pay, Business News

The Supreme Court this week will hear a case that raises bedrock questions about the ability of the market to set "reasonable" corporate compensation,...

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Bankers Expect Rising Bonus Pay To Break Records

Bloomberg | Robert Schmidt and Ian Katz | Posted 10.29.2009 | Business

Read More: Main Street, Wall Street Bonuses, Wall Street, Bonuses, Bonus, Business News

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

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Pay Czar Ken Feinberg Raised Base Pay At Bailed Out Firms

Wall Street Journal | DAVID ENRICH and DEBORAH SOLOMON | Posted 10.28.2009 | Business

Read More: Citigroup, White House, Base Pay, Gm, Kenneth Feinberg, Compensation, Obama, Pay Czar, Gmac, Aig, Bank of America, Chrysler, Raised Base Pay, General Motors, Bonuses, Ken Feinberg, Executive Pay, Business News

Treasury Department pay czar Kenneth Feinberg last week announced sharp cuts in total compensation at the finance and auto companies under his control...

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Bust Up the Banks Before it's Too Late

Diane Francis | Posted 10.27.2009 | Business

Read More: Goldman Sachs, Goldman Sachs Bonuses, Banks, Banking Crisis, Bonuses, Bank Bailout, Bank Bonuses, Wall Street Bonuses, Glass-Steagall, Banking-Crisis, Business News

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

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2010: The Year Main Street Sticks It to Wall Street and Washington

Don McNay | Posted 10.27.2009 | Business

Read More: Mid Term Elections, Upheaval, Congress, Kentucky Guardianship Administrators, Hank Paulson, Lobbyists, Bailouts, Consumer Spending, Big Money, Roger Ailes, Lawrence Summers, Arianna Huffington, State Legislature, Cnbc, Economic Pain, Unemployed, Lexington KY, Spending Cuts, Wall Street-Washington, Andrew Ross Sorkin, Timothy Geithner, Kenneth Feinberg, Inside the Beltway, McNay Settlement Group, Incumbants, Republican National Committee, City Council, High Unemployment, Ky, Willie Stark, Democratic National Committee, Pay Czar, Fox Business News, Clu, Anger, Louisville, Million Dollar Round Table, Ben Bernanke, Alan Greenspan, Bonuses, Czars, Jefferson Airplane, Small Business, President Obama, Congressional Elections, 2010 Elections, Washington, Main Street, donmcnay.com, Tea Parties, Msnbc, Unemployment, Tea Baggers, All the Kings Men, Rural Journalism, Financial Crisis, Housing Crisis, Running for Office, President Bush, Richmond, American College, Incumbant Politican, Personal Finance, Msfs, Chfc, Small Towns, Kentucky, Don McNay, www.mcnay.com, Structured Settlements, Layoffs, Wall Street Bailouts, Wall Street, Vanderbilt University, Robert Penn Warren, Self Dealing, Eastern Kentucky University, Fox News, Certified Structured Settlement Consultant, Glenn Beck, Cssc, Too Big to Fail, Bill O'Reilly, Business News

If anyone has ever dreamed of being an office holder, 2010 is the year to do it. There are going to be several situations where voters elect a complete unknown, just to express their anger about the incumbent.

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"Too Big To Fail" Legislation Is On The Way

New York Times | STEPHEN LABATON | Posted 10.26.2009 | Politics

Read More: Goldman Saks, Congress, Economy, Bailouts, Obama, Too Big to Fail Bill, Legislation, Ben Bernanke, Aig, White House, Bailout, Federal Reserve, Lehman Brothers, Bofa, Treasury, Gop, Consumer Protection Agency, Financial Crisis, Paul Volcker, Wall Street, Citigroup, Bank of America, Derivatives, Ben Bernanke Federal Reserve, Democrats, Recession, Barney Frank, House, House Financial Services Committee, Senate, Barack Obama, Tim Geithner, Banks, Bonuses, Too Big to Fail, Executive Pay, Politics News

A senior administration official said on Sunday that after extensive consultations with Treasury Department officials, Representative Barney Frank, th...

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My City Is Being Invaded by Banksters

Matthew Filipowicz | Posted 10.24.2009 | Business

Read More: American Banking Association, Aba, Bonus Outrage, Banksters, Wall St, Goldman Sachs, Aig, JPMorgan Chase, Wall Street Crisis, Showdown in Chicago, Bailout, Lehman Brothers, Chicago, Seui, Bonuses, Wall Street Bonuses, American Bankers Association, Business News

In mere days, my city, Chicago will be overrun by the worst of the worst. The lowest of the low. Criminals who have affected more lives than any mug...

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AIG Executives Kept Bonuses They Promised To Return, Feinberg Says

Bloomberg.com | Hugh Son | Posted 10.23.2009 | Business

Read More: AIG Financial Products, Executive Pay, Bailoug, Aig Bonuses, Economic Crisis, AIG Bailout, Aig, Financial Crisis, AIG's Financial Products Unit, Pay Czar, Bonuses, Executive Compensation, Kenneth Feinberg, Business News

Four of five managers in AIG's Financial Products unit that are under the jurisdiction of pay master Kenneth Feinberg didn't make good on pledges to r...

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Showdown in Chicago

Richard Trumka | Posted 10.22.2009 | Business

We're gathering outside the American Bankers Association meeting to demand reform that will allow us to rebuild our communities, our lives and the real economy. We've got a lot to rebuild.

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Yahoo Profits are Symbol of Broken System

Ben Cohen | Posted 10.21.2009 | Business

Read More: Corporate-Profits, Internet, Media, Capitalism, Bonuses, Online, Yahoo, Business News

It turns out, Yahoo's profits are based almost entirely on the $169 million cost cutting measures it took (2,400 workers were let go), while of course protecting corporate bonuses.

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Imagine No Foreclosures... (It's Easy If You Try)

Fortune's Stanley Bing | Posted 10.20.2009 | Business

Read More: Foreclosures, Banks, Federal Legislation, Bonuses, Bailouts, Business News

A spirit of enlightened responsibility and mutually assured destruction must be re-established on both sides of the equation -- lender and borrower alike.

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Arianna Discusses Afghan War And Huge Wall Street Profits On CNN

Huff TV | Posted 10.20.2009 | Media

Read More: Troop Levels, Kabul, Obama, Withdrawal, Joe Johns, Gloria Borger, Afghan War, Wall Street Profits, Wall Street, Profits, Wolf Blitzer, Cnn, Afghanistan, More Troops, Ben Stein, Bonuses, Executive Pay, Media News

Arianna appeared on CNN's The Situation Room Monday, along with Gloria Borger, Joe Johns and Ben Stein. She discussed the Afghan War, huge Wall Street...

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goldman-sachs, giant vampire squid

Gershon Hepner | Posted 10.27.2009 | Home

Read More: Noblesse Oblige, Bonuses, Goldman Sachs, Economic Meltdown, President Obama, Frank Rich, Home News

Goldman Sachs, the giant vampire squid, wrapped around our faces with a funnel, sits upon a Ponzi pyramid, preventing light to shine within its tunnel...

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Frank Rich: Goldman Can Spare You A Dime

New York Times | FRANK RICH | Posted 10.17.2009 | Business

Read More: Timothy Geithner, Larry Summers, Economy, Barney Frank, Jobless, Regulation, Obama, Reform, Lloyd Blankfein, Frank Rich, Unemployment Rate, Goldman Sachs, White House, Jobless Rate, Bailout, Treasury, Blankfein, Wall Street, Health Care, Greed, Sec, Depression, Senate Finance Committee, Derivatives, Financial Crisis Inquiry Commission, Goldman, Recession, Financial Services Committee, Health Care Reform, Bonuses, House Financial Services Committee, Business News

As leader of the Wall Street pack, Goldman declared surging profits, keeping it on track to dispense a record $23 billion in bonuses for 2009. But mos...

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Goldman Sachs Bonuses: Columnist Says Analysts Predict $23 Billion Bonus Pool, Firm May Make Huge Donation

New York Times | ANDREW ROSS SORKIN | Posted 10.13.2009 | Business

By most analyst estimates, the annual bonus pool will swell to more than $23 billion. In its second quarter, Goldman disclosed it had put aside $11.4 ...

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AP Source: Bank of America To Give Up Documents From Merrill Lynch Deal

AP | VINNEE TONG and STEPHEN BERNARD | Posted 10.13.2009 | Business

Read More: Shareholders, John Thain, Sec, Wall Street, Ken Lewis, Lehman Brothers, Ceo, Merill Lynch, Bank of America, Charlotte, Bofa, Bonuses, Executive Pay, Merill, Business News

SAN FRANCISCO — After months of resistance, Bank of America Corp. plans to turn over documents showing legal advice it received on its purchase ...

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Blankfein Interview: Goldman Sachs CEO Lloyd Blankfein Says Firm Got No Special Treatment, Plans Bonuses For 2009

The Wall Street Journal | HOLMAN W. JENKINS JR. | Posted 10.11.2009 | Business

Sitting across from me now in his comfortable office on the 30th floor of company headquarters in lower Manhattan, Goldman's CEO Lloyd Blankfein profe...

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Friday Talking Points [96] -- The Impressiveness of Alan Grayson

Chris Weigant | Posted 10.03.2009 | Politics

Read More: 80, Chicago, Spiro Agnew, Eighty Percent, Reform, South America, Alan Grayson, DC City Council, Dc, Charles Schumer, Death Panel, Die Quickly, Grayson Transcript, William Safire, Floor Speech, Midotw, Sexual Harassment, Most Impressive Democrat of the Week, Don't Get Sick, Health Care, Kenneth Feinberg, Reid, Tarp, Abortion, Public Option, Grayson Speech, Democrat, Letterman, Congress, Pay Czar, Democrats, Barack Obama, Schumer, Mddotw, Child Rape, Health, Harry Reid, Vacation, Nixon, Bonuses, Polanski, Gay Marriage, Healthcare, Senate, David Catania, Ben Nelson, Cloture, President Obama, Sex Scandal, Washington, Filibuster, Moral Relativism, Obama, Democratic, Friday Talking Points, Grayson, Republican, Most Disappointing Democrat of the Week, Paranoid Delusions, Rio, Roman Polanski, Salaries, Rape, House, Copenhagen, Nelson, Consensual, Olympics, Wall Street, Chris Weigant, Sex, Columbus Day, Chuck Schumer, Executive Pay, Troubled Assets, David Letterman, Agnew, Safire, Feinberg, Catania, Politics News

First, let's get rid of the distractions this week. Chicago will not be getting the Olympics in 2016, even after President Obama went over to Copenha...

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A Surprisingly Successful G-20 Summit

Georges Ugeux | Posted 10.01.2009 | World

Read More: Emerging Nations, G-20 Summit, Financial Services, Bank of International Settlements, Voting Rights, President Barack Obama, G-8, Global Governance, G-7, Financial Crisis, Imf, Pittsburgh, Bonuses, Board for Financial Stability, World Bank, Istanbul, World News

This year, President Obama drove a very different agenda -- one focused on discussing how the world can form global governance and cooperate to stimulate the ailing economies.

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Fleecing the USA Again: Non-Performance-Based P3 Banker Fees

Michael Likosky | Posted 09.28.2009 | Business

Read More: Goldman Sachs, p3s, Chicago Parking, Investment Banks, World War Two, Bridges, Public-Private Partnerships, Tarp Banks, Power, Public Works, City of Chicago, Water, Roads, Privatization, Levies, Bonuses, People of Chicago, Skyway, Business News

If the recovery is done right, we can forge public-private partnerships akin to the Second World War. However, our least patriotic institution, the large scale investment bank, seems to have something different in mind.

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