Bonuses

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

Arianna Huffington | Posted 05.21.2009 | Business


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

Fannie, Freddie Retention Bonuses Total $210M

AP | ALAN ZIBEL | Posted 05.04.2009 | Business


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

Arthur Delaney

Bonus Ban Passes House Committee

HuffingtonPost.com | Arthur Delaney | Posted 04.26.2009 | Politics


The House Financial Services Committee approved legislation Thursday that would ban bonuses for employees at any financial firm that has benefited fro...

The "Populists" Are Right About Wall Street

Thomas Frank | Posted 04.25.2009 | Business


Thomas Frank

How has a popular Democratic president with a convincing electoral mandate failed to translate the opportunities of recent events into the "change" for which voters clamored?

Pendulum Swings Against Business, Banks, and Bonuses

Tim Berry | Posted 04.25.2009 | Business


Tim Berry

Anybody who hasn't been living in a cave knows how bonuses got a bad name: excess and greed in large business. But what those of us in small business, where a bonus is a reward for a job well done?

We Are So Angry That We've Lost Our Minds

Larry Gellman | Posted 04.25.2009 | Business


Larry Gellman

President Obama says we should stay angry but express our outrage in productive ways. I say we should get rid of the anger altogether.

Bloomberg for Treasury Secretary

Alan Schram | Posted 04.23.2009 | Business


Alan Schram

We simply cannot afford to have a distracted, hobbled Treasury Secretary who does not have the trust of markets or members of Congress. Mr. President, call Gracie Mansion.

Take the Steering Wheel out of Geithner's Hands

Arianna Huffington | Posted 04.23.2009 | Politics


Arianna Huffington

Tim Geithner's actions throughout his career, including his time as Treasury Secretary, are proof that the toxic thinking that got us into this mess is part of his DNA.

AIG Bonus Money is Kid's Play: Literally

Jennifer Delaney | Posted 04.23.2009 | Living


Jennifer Delaney

If AIG were to donate the 418 bonuses to charity, it would be a brilliant preemptive PR move to neutralize its current out of touch public persona. Here's what the money could provide.

AIG and the Undeserving Rich

Joseph A. Palermo | Posted 04.23.2009 | Business


Joseph A. Palermo

For years unbridled capitalism has beat down and bloodied the working middle class in this country. Those chickens are now coming home to roost.

ING Bonuses To Be Reutrned

Bloomberg | Martijn van der Starre | Posted 04.23.2009 | Business


March 23 (Bloomberg) -- ING Groep NV, the first Dutch bank to tap a government rescue package, asked 1,200 workers including its 200 "top employees" t...

If We 'Kill the Rich', Don't We Kill the Dream?

Vicky Ward | Posted 04.23.2009 | Business


Vicky Ward

New York is the national epicenter of ostentation and consumerism. Now those qualities are considered tasteless. Wealth has become a dirty word.

Geithner's Last Stand

Robert Kuttner | Posted 04.22.2009 | Politics


Robert Kuttner

The indignation over AIG will serve a useful purpose if it focuses public attention on the much larger issue of the failure of the entire approach that Tim Geithner and Larry Summers are using to rescue the banking system.

A Real Simple Solution to the AIG Bonus Mess

Andy Ostroy | Posted 04.21.2009 | Politics


Andy Ostroy

Rather than allow these bonuses to remain intact or to take them away outright, how about deferring them until the companies and their troubled business units turn their financial fortunes around?

Capitalism and Moral Sentiments

Jeffrey Sachs | Posted 04.21.2009 | Business


Jeffrey Sachs

The fascinating thing about this Wall Street greed is that it is so deeply ingrained that neither the bankers themselves nor our economic leadership understands just how disgusting and dangerous it is.

Goldman Sachs, Obama, Money

Bob Ostertag | Posted 04.20.2009 | Politics


Bob Ostertag

Have things changed so dramatically that Obama will have room to dump his biggest campaign contributers overboard? That question will be answered in the coming weeks.

Wall Street CEOs Push Back On Bonus Tax: "Terribly Unfair"

Wall Street Journal | JOE BEL BRUNO and MATTHIAS RIEKER | Posted 04.20.2009 | Business


The chief executives of the nation's three largest banks on Friday pushed back against legislation that would heavily tax Wall Street bonuses. Citigr...

Bonus Outrage: AIG Employees Are Living In Fear

AP | JOHN CHRISTOFFERSEN | Posted 04.20.2009 | Business


FAIRFIELD, Conn. — Longtime pillars of the community are now pariahs living in fear, hiding behind locked gates and security guards amid the pub...

The Politics of the Populist Moment

David Sirota | Posted 04.20.2009 | Politics


David Sirota

I appeared on ABC's World News Tonight and ABC's Nightline last night about the economic meltdown. You can watch the Nightline clip here. As I've w...

Corporate Government Reform

Harry Moroz | Posted 04.20.2009 | Business


Harry Moroz

Debate about the House tax bill and about earmarks is a striking reminder to us that governance in this country is at risk of going off track.

AIG, Toxic Assets and the Call to Personal Sacrifice

Raymond J. Learsy | Posted 04.20.2009 | Business


Raymond J. Learsy

If there has ever been an example of "sow and ye shall reap" gone awry, it is the madcap stripping of the national treasure by those who have brought us to the edge of the cliff.

Smoking Gun Points to Geithner

Earl Ofari Hutchinson | Posted 04.20.2009 | Politics


Earl Ofari Hutchinson

How long will and should Obama continue to defend Geithner in the face of the smoking gun proof of what he knew about AIG and when he knew it?

Arthur Delaney

New Bill Would Ban All Bailout Bonuses

HuffingtonPost.com | Arthur Delaney | Posted 04.20.2009 | Politics


Rep. Barney Frank's Financial Services Committee will take up a new bill next week to ban bonuses at any companies benefiting from federal bailout fun...

Defining Extravagance Up

Jamie Malanowski | Posted 04.20.2009 | Politics


Jamie Malanowski

It's admirable that our leaders now want to be frugal with our money but let's remember what the taxpayers themselves have been buying with money not rendered unto Uncle Sam.

Why (Almost) All Bonuses Are A Bad Idea

Barry Schwartz | Posted 04.20.2009 | Business


Barry Schwartz

Like teachers trying to improve the standardized test scores of their students, bonuses encourage a narrowness of vision that results in consequences like the ones we're living through today.