Wall Street Bonuses

We Cut A Bad Deal

John K. Delaney | Posted 05.25.2011

John K. Delaney

why am I -- like you -- unsettled by headlines that show these same firms earning record profits and paying record bonuses? Because we taxpayers don't own enough of these firms. In many instances we own nothing.

The Housing Crisis And Wall Street Shame (Or Lack Thereof)

Robert Reich | Posted 05.25.2011

Robert Reich

Shaming Wall Street won't work. Only political muscle and courage will. Congress and the Obama administration should give homeowners the right to go to a bankruptcy judge and have their mortgages modified.

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

The Huffington Post | Posted 05.25.2011

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

Shahien Nasiripour

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

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

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...

Goldman Sachs Shareholders Ask Bank To Cut Down HUGE Bonuses

Posted 05.25.2011

Think of it as an atypical example of "shareholder activism." Several of the biggest shareholders of Goldman Sachs -- which, it should be noted, has m...

Oh Goldman: A Song for Your Bonus Babies

Danny Schechter | Posted 05.25.2011

Danny Schechter

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

Tax Bank Bonuses and Capital Gains of Wealthy to Pay for Jobs Program

Robert Creamer | Posted 05.25.2011

Robert Creamer

Ronald Reagan once famously said: "When you tax something you get less of it." Precisely. America needs to tax speculation, and incentivize productive work.

Severance Packages Provide False Sense Of Comfort

wsj.com | MARY PILON | Posted 05.25.2011

The long-term jobless rate hits its highest point on record. More than a third of those who are out of work have been looking for more than six months...

Best and Worst Bonuses of 2009

Dan Collins | Posted 05.25.2011

Dan Collins

The median holiday bonus this year will only amount to about $250. Here's a list of some of the best-publicized bonuses that were given out in 2009.

Banks' 2008 Stock Options Turning Out To Be Most Lucrative Payouts Ever

The New York Times | LOUISE STORY | Posted 05.25.2011

Banks cut bonuses last year and shifted more pay into stock and options from cash, a tactic that lawmakers supported for its emphasis on long-term per...

Wall Street Makes Merry With Other People's Money

Dan Collins | Posted 05.25.2011

Dan Collins

There's a good deal of jolliness on Wall Street this holiday season, thanks to the billions of dollars in bonuses that will be stuffed into the stockings of your favorite bankers. It's safe to assume the final tally will be very big.

A Systemic Risk Regulator and a Compensation Tsar? Larry Summers and Ben Bernanke Must Be Kidding

David Paul | Posted 05.25.2011

David Paul

With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.

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

Posted 05.25.2011

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

My City Is Being Invaded by Banksters

Matthew Filipowicz | Posted 05.25.2011

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...

Mad About Bonuses? Let's Make a Deal

David M. Abromowitz | Posted 05.25.2011

David M. Abromowitz

Raising the top marginal tax rate to be paid by earners of extremely high incomes is not about punishing work, or class warfare. It's about a fair allocation of responsibility.

Jobs and Justice: Tie Wall Street Profits and Bonuses to the Unemployment Rate

Les Leopold | Posted 05.25.2011

Les Leopold

Congress and the Administration should call for a steep windfall tax on all Wall Street profits and bonuses, directly tying the tax to the unemployment rate.

Welfare Reform for Wall Street

Les Leopold | Posted 05.25.2011

Les Leopold

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.

Bill Gates: Wall Street Compensation Too High

Reuters | Michelle Nichols | Posted 05.25.2011

Bill Gates said on Wednesday he believes Wall Street pay is "often too high" and that U.S. government ownership of American International Group Inc wo...

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

Posted 05.25.2011

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...

Goldman Sachs Execs Skirt Christmas Party Ban

Posted 05.25.2011

At Goldman Sachs, tis the season of giving. Not only is the firm lavishing huge bonuses on its employees, but its executives are finding ways around t...

Pay Czar Blocks Bank Of America Chief's Pay

AP | STEVENSON JACOBS and VINNEE TONG | Posted 05.25.2011

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...

An Invitation to the Tea Parties to Join the Fight

Cenk Uygur | Posted 05.25.2011

Cenk Uygur

We can build a real populist movement that isn't funded by corporate America, that actually cares about the American people and throws the crooks out, and that fights the elites who have captured our government.

Buffett, Bonuses and Executive Greed

Alice Schroeder | Posted 05.25.2011

Alice Schroeder

Warren Buffett is such an important voice in the business world that, single-handedly, he could influence the way Corporate America is paid.

Wall Street Bonuses: What The Politicians MEANT To Say

washingtonpost.com | Frank Ahearns | Posted 05.25.2011

So now, during bonus season, we look back at some of the key statements from the Great Bonus Controversy of 2009. The gap between what was said and wh...

Jamie Dimon Reportedly Entreated British Politician To Reconsider U.K. Bonus Tax

bloomberg.com | Elizabeth Hester | Posted 05.25.2011

Dec. 28 (Bloomberg) -- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon told U.K. Chancellor of the Exchequer Alistair Darling that his 50 per...