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Bonuses

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

Read More: Lloyd Blankfein, Finance, Hank Paulson, Blankfein, Banks, Blankfein Interview, Bonuses, Bailouts, Bailout, Investment Banks, Goldman Sachs, Paulson, Goldman Sachs Bonuses, Interview, Ceo, Goldman Sachs CEO, Henry Paulson, Treasury, Timothy Geithner, Business News

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
Chris Weigant

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
Georges Ugeux

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
Michael Likosky

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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Arthur Delaney

Loyal Employee Burned By Bankruptcy Considering Revenge Default On Mortgage

HuffingtonPost.com | Arthur Delaney | Posted 09.25.2009 | Business

Read More: Bankruptcy, Bearing Witness, Nortel Networks, Bearing Witness 2.0, Bonuses, Down Not Out, Business News

Linda Amick worked for a big telecom firm for 24 years, climbing the ranks from lowly systems analyst making $14,000 a year to senior management. "It...

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House Committee Questions $24 Million In VA Employee Bonuses

Dawn Teo | Posted 11.24.2009 | Politics

Read More: Department of Veterans Affairs, Veterans Affairs, Veterans Affairs Bonuses, Tom Perriello, Scott Gould, Bonuses, Veterans, Politics News
Dawn Teo

During just the last fiscal year, VA executives received more than $4.3 million in bonuses.

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Nine Ways to Boost Morale at Work

Nicole Williams | Posted 11.16.2009 | Living

Read More: Pizza, Workplace, Morale, Economy, Kickball, Bonuses, Expense Accounts, Recession, Tgif, Living News
Nicole Williams

Here aresome ways to motivate your team and make them feel loved -- before you end up staple-gunning each other to the desks.

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Could We Expect Anything From the Pittsburgh Summit of the G-20?

Georges Ugeux | Posted 11.11.2009 | World

Read More: Lloyd Blankfein, Capital Ratio, Financial Reform, Bank of International Settlements, George W. Bush, New York Federal Reserve, Stimulus, Econommic Growth, Banking Lobbies, Barack Obama, Josef Ackermann, Nicolas Sarkozy, Emerging Markets, Investment Banks, Deutsche Bank, Goldman Sachs, G-20 Summit, Hedge Funds, Tim Geithner, Financial Crisis, Bill McDonough, Bonuses, World News
Georges Ugeux

Never was the G-20 intended to be anything else than a technical forum meeting twice a year. It has no power, no administration, let alone any authority.

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G-20 Promises Crackdown On Bankers' Pay

AP | JANE WARDELL and AOIFE WHITE | Posted 10.21.2009 | Business

Read More: g20, G20 Summit, Economy, World Economy, Bonuses, Bankers, Banks, Executive Pay, Business News

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

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The Bonuses and the Damage They Do

Dave Johnson | Posted 09.26.2009 | Business

Read More: Unemployment, Wall Street, Bonuses, Tarp, Recession, Goldman Sachs, JP Morgan, Economy, Main Street, Business News
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.

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Supreme Court To Hear Case On Executive Pay

New York Times | ADAM LIPTAK | Posted 09.17.2009 | Business

Read More: Supreme Court, CEO Pay, Jones v. Harris Associates, Executive Pay, Wall Street, Finance, Mutual Funds, Judge Posner, Bonuses, Harris Associates, U.S. Supreme Court, Business News

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...

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What's Wrong With Bonuses?

Adam Taylor | Posted 09.13.2009 | Business

Read More: Goldman Sachs Bonuses, Merrill Lynch Bonuses, Bonus Outrage, Bank of America, Bank of America Bonuses, Bonuses, Wall Street Bonuses, Business News
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.

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Will The Banksters Kill Needed Financial Reforms?

Danny Schechter | Posted 09.12.2009 | Politics

Read More: Financial Reform, Banks, Bonuses, Bank Abuses, Barack Obama, Financial Regulation, Banking Crisis, Politics News
Danny Schechter

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

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Frog and Scorpion Healthcare

Stephen Herrington | Posted 09.07.2009 | Politics

Read More: Congress, Public Option, Social Conservative, Health Care Reform, Paul Krugman, Bonuses, Business, Health Care, Republican Party, Barack Obama, Politics News
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?

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

Rob Shapiro | Posted 09.06.2009 | Business

Read More: Financial Crisis, Wall Street, Executive Compensation, Economy, Goldman Sachs, Bill Clinton, Bailout, Goldman Sachs Bonuses, George Stephanopoulos, Bonuses, Wall Street Bonuses, Business News
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.

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Political Haiku: Cash for Clunkers

Frank Dwyer | Posted 09.02.2009 | Politics

Read More: Cash for Clunkers, John McCain, Cindy McCain, Bonuses, Politics News
Frank Dwyer

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

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Ex-Lehman Traders Get Huge Bonuses From Barclays

The Observer | Richard Wachman, City Editor | Posted 08.20.2009 | Business

Read More: Lehman Brothers, Bonuses, Wall Street Bonuses, Barclays, Dick Fuld, Business News

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...

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

Robert Teitelman | Posted 08.15.2009 | Business

Read More: Matt Taibbi, Morgan Stanley, Wall Street, Blackstone Group L.P. (NYSE:BX), Cit, Harold Urey, Compensation, Bonuses, Goldman Sachs Group Inc. (NYSE:GS), J.P.Morgan Chase & Co., Peter Solomon, Business News
Robert Teitelman

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

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

Chris Weigant | Posted 06.29.2009 | Politics

Read More: Mark Nickolas, Supreme Court, White House, Autoworkers, Burris, Constitutional Crisis, Power Struggle, Founding Fathers, Detainee Deaths, Gingrich, President, War Crimes, Rnc, Courts, Princeton, Midotw, Nancy Pelosi, Sotomayor, Most Impressive Democrat of the Week, Pussy Galore, Un, Ralph Nader, Judicial Activism, Republican National Committee, Court, Twitter, Terry McAuliffe, Congress, Newt Gingrich, Barack Obama, Constitution, Mddotw, Rod Blagojevich, Sonia Sotomayor, Truth Commission, Youtube, Banks, Hillary Clinton, Uaw, Bonuses, Up or Down Vote, Michael Guest, Same Sex, Nader, President Obama, Moses Taylor Pyne Honor Prize, United Nations, Blaggy, Filibuster, Bankers, Obama, Scotus, Prejudice, Auschwitz, Blago, Republican, Government, Blagojevich, Lionel Sosa, Pelosi, Clinton, Activism, Federal Government, Bias, Most Disappointing Democrat of the Week, Defense of Marriage Act, Legislating From the Bench, Benefits, Gm, Pyne Prize, Roland Burris, Philip Alston, Gay, State Department, Checks and Balances, Mcauliffe, Chris Kelly, Secretary of State, Wall Street, Chris Weigant, Spousal Benefits, Nominee, Doma, Torture, Alston, Politics News
Chris Weigant

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

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Desperate Housewives

Rob Fishman | Posted 05.18.2009 | Style

Read More: Bear Stearns, Scarsdale, Bonuses, Desperate Housewives, Scarsdate Crimes, Style News
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?

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The American Tax-Paying Sucker

Rabbi Shmuley Boteach | Posted 05.29.2009 | Business

Read More: Goldman Sachs, Bailout, Bonuses, Wall Street, Judaism, Business News
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.

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Thomas B. Edsall

Bonuses To New York Times Execs Under Fire

HuffingtonPost.com | Thomas B. Edsall | Posted 05.23.2009 | Media

Read More: Arthur Sulzberger Jr., New York Times Bonuses, Boston Globe, Janet Robinson, Bill Keller, New York Times, New York Times Company, Bonuses, Nyt Bonuses, New York-New York, Media News

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...

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

Arianna Huffington | Posted 05.21.2009 | Business

Read More: Executive Pay, Goldman Sachs, Financial Crisis, Global Financial Crisis, Edward Liddy, Executive Bonuses, Bonuses, Goldman Sachs Profits, Credit Markets, Goldman Profits, Pension Funds, Ben Bernanke, Business News
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

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Fannie, Freddie Retention Bonuses Total $210M

AP | ALAN ZIBEL | Posted 05.04.2009 | Business

Read More: Fannie Mae Bonuses, Freddic Mac Bonuses, Bonuses, Business News

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

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