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Bonuses

Come, Shoot the Messengers!

Norman Lear | Posted 05.25.2011 | Business
Norman Lear

Let's take back some 70 odd bonuses and fail on all sides to see the systemic disease that got us here: short-term thinking and the lunatic need for a profit statement this quarter considerably larger than the last.

Tax the Bonuses

Kirk Stambler | Posted 05.25.2011 | Politics
Kirk Stambler

Amid all the hand-wringing about whether or not the government has the power to stop AIG from paying bonuses to the very people who helped precipitate...

Geithner Gives Away 2 Trillion While Country Screams About A Few Hundred Million At AIG

Ian Welsh | Posted 05.25.2011 | Politics
Ian Welsh

What Geithner is doing right now is similar to how a magician works. First he gets your attention on one thing "look, outrageous bonuses at AIG", then he does his trick while you're watching what he wants you to watch.

The Death of a Brand

James Moore | Posted 05.25.2011 | Business
James Moore

AIG's predicament will be studied for years to come in marketing and communications classes. When the president of the United States starts bad mouthing your brand, it's not going to survive.

Taxing Bonuses: A Matter of Fundamental Fairness

Rep. Earl Blumenauer | Posted 05.25.2011 | Politics
Rep. Earl Blumenauer

Giving out $18 billion in bonuses at a time when ordinary Americans have seen their life savings collapse is outrageous. To give out these bonuses using federal bailout money is over the edge.

Exclusive: Why I Deserve My Bonus

James Heffernan | Posted 05.25.2011 | Comedy
James Heffernan

OK, so I bagged a chunk of change: $4,605,321.54, to be exact. But I'm here to tell you that I earned every penny of it.

Sam Stein

Flashback: It Was Bush, GOP That Opposed Executive Compensation Caps

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

It is a rather curious spectacle to see congressional Republicans express outrage at the exorbitant bonuses being handed out by bailed-out companies a...

CEO Bonus Pay Rises Despite Poor Performances (SLIDESHOW)

Huffington Post via WSJ | Julie Satow | Posted 05.25.2011 | Business

Several chief executives were handsomely paid last year even though their company performed terribly, the Wall Street Journal reports. By most mea...

House of Chutzpah, House of Cards, or Back to the Future Again

Jessica Catto | Posted 05.25.2011 | Politics
Jessica Catto

The disgust burbled up at the callousness of Enron; it has been simmering ever since, and with AIG it has boiled over.

Arthur Delaney

Edward Liddy Avoids The B-Word

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

AIG CEO Edward Liddy, facing tough questions from a congressional panel reviewing the government-subsidized firm's $165 million in bonus payments, sai...

Why AIG and Jim Cramer Matter

Lincoln Mitchell | Posted 05.25.2011 | Politics
Lincoln Mitchell

The new economy, the one that not only gets us out of this crisis, but keeps us out of the next, will not have a place for either AIG type bonuses or Jim Cramer-type journalism.

AIG, Populist Rage, and the Future of Banks

Howard Schweber | Posted 05.25.2011 | Business
Howard Schweber

Lately the torches-and-pitchforks voices have begun to drown out serious discussion. Time to take a deep breath or two: populist rage is a rotten basis for policy-making.

What to Do About "Mad as Hell"

Deepak Chopra | Posted 05.25.2011 | Politics
Deepak Chopra

What would it take to change a whole subculture that has escaped all ethical boundaries?

AIG Underscores the Need for Real Time Financial Accountability

Rep. Carolyn Maloney | Posted 05.25.2011 | Business
Rep. Carolyn Maloney

With so much confusion in the financial marketplace, one thing is apparent: the American people deserve to know what government-supported banks are doing and how our tax dollars are being used.

Larry Summers' Ludicrous View On AIG Bonuses

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

If not for the taxpayer, AIG would be bankrupt, and the folks holding those contracts would be standing at the end of the creditor line.

Upset with AIG? How About Your Bailout Funds Supporting Tiger Woods and Europe's Soccer Stars?

James Warren | Posted 05.25.2011 | Business
James Warren

There are few topics more fit for bailout-inspired vitriol than the sports marketing and sponsorship deals bargained by financial services firms and automakers surviving due to taxpayer largess.

Unacceptable Excuse of the Day

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

The ongoing AIG mess provides us with an interesting sidelight today -- the use of an excuse that is no longer acceptable in the unwired global universe in which we now live.

Beyond Clawback: Using the Tax Code More Expansively to Address AIG Bonuses

Paul Abrams | Posted 05.25.2011 | Business
Paul Abrams

The much-reviled US tax code contains within it thousands of treatments and exclusions that enable subclasses of people to enjoy deductions, credits or even exclusions from paying taxes.

How to Stop AIG's Bonuses

Bill Black, Tom Ferguson, Rob Johnson, Walker Todd | Posted 05.25.2011 | Business
Bill Black, Tom Ferguson, Rob Johnson, Walker Todd

Today the task is to stop a grotesque abuse before it is too late. The path we outline here would do it, without throwing markets into turmoil.

Why Obama Was Smart to Come Out Strongly Against the AIG Bonuses

Mitchell Bard | Posted 05.25.2011 | Politics
Mitchell Bard

The Republicans were going to grab onto the populist anti-bank feelings in the country to position themselves as the party of the people, with the Democrats being cast as the party of the bankers.

Good Work, AIG!

Jonathan Richards | Posted 05.25.2011 | Politics
Jonathan Richards

The bonuses may seem greedy, but look what quality stuff they're producing! ...

Fake Outrage by Politicians About AIG Bonuses

Cenk Uygur | Posted 05.25.2011 | Politics
Cenk Uygur

Time after time, Bush, Obama and Congress had an opportunity to attach limits on executive pay to legislation authorizing bailout money. And time after time, they refused. So, spare me the outrage.

Tim Geithner Needs To Answer For AIG

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

Americans will justifiably ask who got us into this mess. The answer, in part, is the same man who has yet to come up with a coherent plan to get us out of it:

Getting Lehman Wrong a Second Time

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

The sums of money going to bail out the financial industry dwarf the waste and pork that get John McCain and other budget hawks excited. Yet they are strangely calm about the bailout money.

Lame Excuses for AIG Bonuses

Amitai Etzioni | Posted 05.25.2011 | Business
Amitai Etzioni

Public morality falls to a new low-level when outrageous acts are revealed but rather than being soon corrected -- they are excused.