Wall Street Bonuses

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Executive Pay Cuts? Hold the Standing Ovation

Stuart Whatley | Posted 10.24.2009 | Business

Read More: Tarp, Wall Street Bailout, TARP Money, Aig Bonuses, Financial Reform, Bank of America, Aig, Barack Obama, Goldman Sachs, Bailout, Health Care Reform, Financial Crisis, Wall Street Bonuses, Kenneth Feinberg, Financial Regulation, Citigroup, Business News

Yes, a quick round of applause for Feinberg for cutting our financial wards' CEO pay. But hold off on the standing ovation; the Obama era does not need a "Mission Accomplished" moment.

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Wall Street Bonuses Vs. Normal Wages: A Disturbing Trend (CHART, VIDEO)

Huffington Post | Marcus Baram | Posted 10.21.2009 | Business

Read More: Chart, Income Inequality, Emmanuel Saez, Compensation, Wall Street Pay, Wall Street Bonuses, Bank Bonuses, Tolerate the Inequality, Brian Griffiths, Business News

It may be hard to believe but there was a time, almost 25 years ago, when Wall Street and Main Street weren't so far apart -- at least when it came to...

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Wall Street Bonuses: Four Questions

Jill Schlesinger | Posted 10.20.2009 | Business

Read More: Tarp, Pay Czar, Colbert Report, Wall Street Bonuses, Business News

How did some of these banks make so much money? You can thank the government. First and foremost, there was TARP funding.

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Welfare Reform for Wall Street

Les Leopold | Posted 10.19.2009 | Business

Read More: Welfare, Aig, Goldman Sachs, Teabaggers, Wall Street, Economic Crisis, Financial Crisis, Wall Street Bonuses, Barack Obama, Business News

Our politicians thrive on chastising the fictitious welfare queens who supposedly turn our hard-earned tax dollars into Cadillacs. But when it comes to Wall Street we let the welfare kings walk all over us.

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Wall Street and the US Government: Where's Jimmy Stewart When We Need Him?

Steven G. Brant | Posted 10.20.2009 | Politics

With all the interest in the damage Wall Street has done, activity that's the opposite should draw some attention. But coverage of the corporate social responsibility movement is not yet an idea whose time has come.

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Oh Goldman: A Song for Your Bonus Babies

Danny Schechter | Posted 10.17.2009 | Business

Read More: Goldman Sachs, Financial Scandal, Wall Street Bonuses, Executive Compensation, Business News

In the middle of the bath / In the middle of the bath I call your name / Oh Goldman, oh Goldmamn, my love will turn on you / My love will turn on you

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Bernie Sanders: The Middle Class Today Is In Desperate Shape (VIDEO)

The Huffington Post | Posted 10.17.2009 | Politics

Read More: Senator Sanders Unfiltered, Wall Street Executive, Wall Street, Economic Crisis, Middle Class, Vermont, Bernie Sanders Unfiltered, Financial Crisis, Bernie Sanders, Wall Street Bonuses, Sanders, Politics News

Sen. Bernie Sanders (D-Vermont) was on fire in his weekly YouTube video, "Senator Sanders Unfiltered." "The reality is that the middle class today ...

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Rewarding Failure: The Bail-Out Bonuses on Wall Street Continue

Robert Creamer | Posted 10.16.2009 | Politics

Read More: Executive Compensation, Aig, Wall Street Bonuses, J.P. Morgan Chase, President Obama, Wall Street, Economic Recession, Financial Meltdown, Obama Regulatory Reform Package, Kenneth Feinberg, Politics News

If world-class, reckless risk-taking continues to receive massive economic rewards, then we are headed to another financial collapse in two years -- or five years; or fifteen years.

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Czar Blocks Bank Of America Chief's Pay

AP | STEVENSON JACOBS and VINNEE TONG | Posted 10.16.2009 | Business

Read More: Bank CEOs, Treasury Department, Executive Pay, Wall Street, Bank of America, US Treasury Department, Kenneth Lewis, Executive Bonuses, Wall Street Bonuses, Boa, Business News

NEW YORK — Capping a year in which he faced shareholder fury, regulatory scrutiny and was stripped of his chairman post, outgoing Bank of America Co...

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Who Really Will Pay for Goldman Sachs' $23 Billion in New Bonuses

Rob Shapiro | Posted 10.15.2009 | Business

Read More: Goldman Sachs, Executive Pay, Goldman Sachs Bonuses, Wall Street Bonuses, Executive Compensation, Business News

We didn't need this latest and most conspicuous instance of greed at Goldman to know that the compensation provided to the uppermost echelons of American business is out of control.

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Wall Street Pay To Hit Record, Up 20 Percent Over '08: WSJ

AARON LUCCHETTI and STEPHEN GROCER | Posted 10.14.2009 | Business

Read More: Tarp, JPMorgan Chase, Goldman Sachs, Wall Street Pay, Wall Street, Wall Street Bonuses, Bank of America, Citigroup, Business News

Major U.S. banks and securities firms are on pace to pay their employees about $140 billion this year -- a record high that shows compensation is rebo...

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Regulating Systemic Risk and Banker Compensation Will Not Fix What Is Broken on Wall Street

David Paul | Posted 12.03.2009 | Business

Read More: Goldman Sachs, Wall Street Crisis, Phibro, Lehman Brothers, Aig Bonuses, Andrew Hall, Salomon Brothers, Bear Stearns, Systemic Risk, Wall Street Bonuses, Citigroup, Gutfreund, Aig, Credit Default Swaps, Business News

The incentives to make big bets and take big risks has survived, but without the accountability. Today, the US Treasury and the Fed are trying to hold the pieces together. But why?

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Wall Street Bonuses Set to Increase

CNNMoney.com | David Ellis | Posted 11.29.2009 | Business

Read More: Goldman Sachs, Financial Crisis, JP Morgan, Goldman Sachs Bonuses, Wall Street, Wall Street Bonuses, Business News

Now with analysts predicting impressive third-quarter numbers from some of the nation's largest financial firms, big bonuses for top Wall Street talen...

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Obama at the United Nations

Sasha Abramsky | Posted 11.23.2009 | Politics

Read More: Israeli-Palestinian Conflict, Wall Street Bailout, Nuclear Weapons, United Nations, Obama, Inside Obama's Brain, Healthcare Reform, Wall Street Bonuses, Foreign Policy, UN General Assembly, Politics News

Barack Obama has always been at his best when the setting enables him to explain his vision for transformative change through the use of broad historical themes and holistic analyses.

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Chairman Bernanke, We Don't Believe It Is Over

Michelle Kraus | Posted 11.15.2009 | Politics

There is a reason that the American people are losing ObamaHope. It's not just unemployment. The reality cuts much deeper than the everyday lives of normal people.

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Making Bankers Wait...

Nicholas Brown | Posted 11.15.2009 | Business

Read More: Diary of an Aspiring New Yorker, Banking Reform, Wall Street Bonuses, Recession, Housing Bubble, Business News

The banks have created a bonus system that encourages economy-destabilizing investment bubbles. That seems foolish. So here's a proposal: a tax cut to encourage bonus reform.

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Screaming Joe Wilson: Newt Gingrich's Frankenstein

Lorelei Kelly | Posted 11.15.2009 | Politics

Read More: Adam Smith, 1994 Elections, Wall Street Bailout, New Orleans, National Security, President Obama, Health Care Reform, Frankenstein, Newt Gingrich, Wall Street Bonuses, Rep. Joe Wilson, War Profiteering, Contract With America, Pakistan Democracy, Afghanistan War, Capitalism: A Love Story, Politics News

If congressional politics are inside baseball, Newt Gingrich completely upended the playing field. Joe Wilson isn't an accident, he's an outcome.

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Andrew Cuomo To Charge Bank Of America Over Merrill Bonuses

AP | STEPHEN BERNARD | Posted 11.14.2009 | Business

Read More: Merrill Lynch, Andrew Cuomo, Bailout, Merrill Lynch Bonuses, Bank of America, Wall Street Bonuses, Business News

NEW YORK (AP) -- The New York Attorney General's office is preparing charges against several high-ranking Bank of America executives over the bank's a...

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Wall Street Bonuses Were Good For State, Says Governor Paterson

New York Daily News | By Glenn Blain | Posted 10.20.2009 | New York

Read More: Albany, Wall Street, Governor Paterson, Wall Street Bonuses, David Paterson, Andrew Cuomo, Gubernatorial Elections, New York Taxes, New York News

ALBANY - Gov. Paterson doesn't think it was such a great idea to go after all those Wall Street bonuses. Paterson Thursday took aim at a signature ...

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Labor Day Special: Reward Real Work, Tax Fantasy Finance

Les Leopold | Posted 10.19.2009 | Business

Read More: Taxes, Financial Crisis, Congress, Wall Street, Wall Street Bonuses, Economic Crisis, Tobin Tax, Business News

We fought a war of independence to free us from aristocratic rule. Now an aristocracy of wealth is taking over, again, even after we watched it wreck the entire economy.

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Robert Benmosche, AIG CEO, Says Attorney General Cuomo Is "Unbelievably Wrong" For Going After Wall Street Bonuses

Bloomberg | Hugh Son | Posted 10.16.2009 | New York

Read More: New York Attorney General Cuomo, Robert Benmosche, Aig, Andrew Cuomo, Wall Street, Andrew Cuomo Wall Street, American International Group, AIG CEO, Wall Street Bonuses, New York, New York News

American International Group Inc. Chief Executive Officer Robert Benmosche told employees that New York Attorney General Andrew Cuomo was "unbelievabl...

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Obama's Pay Czar Leaning Against Naming Names

Reuters | Steve Eder and Karey Wutkowski | Posted 09.24.2009 | Business

Read More: Pay Czar, Wall Street Bonuses, Wall Street Pay, Kenneth Feinberg, Business News

NEW YORK/WASHINGTON (Reuters) - Wall Street salaries have become everybody's business lately, but the Obama administration's pay czar may try to keep ...

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Smaller Bonuses At Goldman Sachs?: Analysts Predict Political Backlash Will Turn Tide

New York Times | Cyrus Sanati | Posted 09.18.2009 | Business

Read More: Goldman Sachs, Finance, Wall Street, Banks, Goldman Sachs Bonuses, Wall Street Bonuses, Pali, Pali Capital, Business News

Despite the scrutiny it has drawn for setting aside nearly $11.4 billion in the first half of the year to pay its employees, Goldman Sachs is showing ...

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Why White House Spokesman Robert Gibbs is Dead Wrong about Wall Street Pay

Les Leopold | Posted 09.17.2009 | Business

Read More: Financial Crisis, Wall Street Bailout, CEO Pay, Unemployment, Wall Street, Wall Street Bonuses, Barack Obama, Economic Crisis, Business News

Please someone tell me how an entire sector that is on taxpayer life-support is creating value that justifies high salaries and bonuses?

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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

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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