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Bonuses

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

New York Times | FRANK RICH | Posted 05.25.2011 | Politics

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

Catch-22 Billion

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

The boys -- Lloyd Blankfein, Jamie Dimon, John Mack, and Brian Moynihan -- are back in Washington today and the Wall Street CEOs seemed to have tripped over a financial version of Heller's classic Catch 22.

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

Don McNay | Posted 05.25.2011 | Business
Don McNay

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.

Goldman Sachs's Charity Rule: Bank May Force Execs To Donate Part Of Bonus

nytimes.com | LOUISE STORY | Posted 05.25.2011 | Business

As it prepares to pay out big bonuses to employees, Goldman Sachs is considering expanding a program that would require executives and top managers to...

Morgan Stanley Pay Packages: Firm Reportedly Considering Revising How Top Execs Are Compensated

AP | Posted 05.25.2011 | Business

NEW YORK — Morgan Stanley is considering the way it compensates its top executives, looking to defer more pay and benchmark salaries against riv...

Showdown in Chicago

Richard Trumka | Posted 05.25.2011 | Business
Richard Trumka

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.

Goldman Sachs Traders: Firm's Ethos Fading With Blankfein As CEO

New York Times | JENNY ANDERSON | Posted 05.25.2011 | Home

...Current and former Goldman executives say Mr. Blankfein has built a money machine that, while it still values its customers, culture and reputation...

Frank Rich: Goldman Can Spare You A Dime

New York Times | FRANK RICH | Posted 05.25.2011 | Business

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...

Goldman Bonuses Will Be Paid In Company Stock - At Least For Top Execs

Financial Times | Justin Baer, Francesco Guerrera and Tom Braithwaite | Posted 05.25.2011 | Business

Top Goldman Sachs executives are this year likely to receive their annual bonus in stock rather than cash as part of a wider pay review that could aff...

Lloyd Blankfein Has A Reality Problem

Andy Stern | Posted 05.25.2011 | Business
Andy Stern

Lloyd Blankfein doesn't get it. If he really wants to change Goldman Sachs' image, he's got to change reality.

WSJ: AIG CEO Ready To Quit Over Pay Constraints

Huffington Post/AP | Posted 05.25.2011 | Business

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

'Daily Show' On Wall St. Bonuses: 'Banks Are Made Of Balsa Wood Held Together By Baby Tears' (VIDEO)

Posted 05.25.2011 | Business

Outrage at Wall Street bonuses hasn't escaped the folks at 'The Daily Show'. Jon Stewart took on the ballooning compensation in the financial sector o...

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,...

Bonus Bingo Resumes As Financial Crisis Commission Convenes

Jill Schlesinger | Posted 05.25.2011 | Business
Jill Schlesinger

It remains to be seen if the public has the energy to spend on the billion-dollar payouts at the nation's largest firms, but we'll likely hear a sober defense from the industry.

What Does $22 Billion in Goldman Bonuses Buy?

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Iceland, at 1.32 times 2008 GDP, Avatar tickets for everyone living in China, the US, Indonesia, and Japan combined, one week at New York's Four Seasons Hotel for every homeless person in the US.

My City Is Being Invaded by Banksters

Matthew Filipowicz | Posted 05.25.2011 | Business
Matthew Filipowicz

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...

Pay Czar Agrees To Boost Unnamed AIG Exec's Pay Package By $4 Million

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — A top executive of American International Group Inc. has been granted a $4.3 million pay-package bump by the troubled insurance gia...

Arianna Discusses Afghan War And Huge Wall Street Profits On CNN

Huff TV | Posted 05.25.2011 | Media
Huff TV

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...

Obama: I Didn't Run For Office To Help 'Fat Cat Bankers'

Posted 05.25.2011 | Politics

President Obama takes aim at "fat cat bankers" and their aggressive lobbying efforts to defeat financial reform in an upcoming 60 Minutes interview se...

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 05.25.2011 | 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...

Thankful, Well Not So Very Much

Chris Durang | Posted 05.25.2011 | Politics
Chris Durang

I have many things I feel thankful about in my life. But in terms of our country and our planet -- hmmm. Not feeling so confident, so up, so grateful. And about Barack Obama -- well I feel very disappointed. There, I've said it.

The Problem With a Jobs Bill -- And With Everything Else

Dave Johnson | Posted 05.25.2011 | Politics
Dave Johnson

As long as our economy is structured to pass everything up to a few at the top, stimuli can't work well, and jobs bills can't work well, either. Neither can anything else.

HuffPost Editor Roy Sekoff Talks About Obama's Bank Tax: 'It's A Start' (VIDEO)

Huff TV | Posted 05.25.2011 | Politics
Huff TV

HuffPost Editor Roy Sekoff appeared on The Ed Show Thursday night to weigh in on the new bank tax put forward by President Obama. While Sekoff called...

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

Times Online | John Arlidge | Posted 05.25.2011 | Business

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...

Shahien Nasiripour

Obama to Push Tax On Being 'Too Big To Fail'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

President Obama will unveil on Thursday a proposed levy on the nation's biggest financial firms structured not just to repay taxpayers for the bank ba...