Category Archives: Bonuses

Boeing machinists union ratifies labor deal

By doris | Published: December 9, 2011

Full Story at msnbc.com Boeing Co’s biggest labor union on Wednesday ratified a four-year contract extension, ensuring the upcoming version of the planemaker’s best-selling 737 narrowbody will be built in Washington state and likely ending Boeing’s high-profile dispute with the National Labor Relations Board. The International Association of Machinists (IAM) said 74 percent of the [...]

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On Wall Street, most still expect bonuses

By doris | Published: October 13, 2011

Full Story at BottomLine.msnbc.msn.com Protesters are occupying Wall Street and points beyond, and many investors may be looking sadly at their most recent statements after a couple of erratic months in the markets. But a new survey finds that most Wall Street professionals are still expecting their bonuses to be the same or higher than [...]

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AIG: Back in black

By doris | Published: February 24, 2011

Full Story at finance.fotune.cnn.com No need to get your eyes checked. AIG just reported a huge profit. In a sight many of us never thought we’d see, the bailed-out insurer AIG (AIG) returned to the black Thursday, posting an $11 billion profit for the fourth quarter of 2010 and $10 billion in earnings for the [...]

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A $7,500 electric car discount scares dealers

By doris | Published: February 4, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — In an effort to put 1 million electric cars on the road by 2015, the Obama administration has proposed a plan that would put up to $7,500 directly in the hands of car buyers without having them jump through any tax hoops. Plug-in car advocates love the [...]

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CEOs lay off thousands, rake in millions

By doris | Published: September 2, 2010

Full Story at msnbc.msn.com When Hewlett-Packard’s Chief Executive Mark Hurd resigned last month he received something few regular workers see when they quit their jobs under a cloud: A massive payout. Turns out Hurd is far from the only top executive to be rewarded with a rich package despite a management performance that could be [...]

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BP paying out $2.63B in dividends

By doris | Published: June 9, 2010

Full Story at msnbc.com NEW YORK – BP PLC will pay shareholders $2.63 billion in dividends on June 21 as investors and U.S. lawmakers wait to see what the oil company decides about future payouts. The company announced the dividend on April 27, one week after a BP well in the Gulf of Mexico exploded [...]

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Big bonuses are back. Backlash isn’t.

By doris | Published: April 23, 2010

Full Story at  money.cnn.com Yet few batted an eye this week when Wall Street revealed its latest round of pay excess. Giant Wall Street banks set aside $39.2 billion to pay their workers in the first quarter. That’s up 9% from a year ago, driven in part by a return to bubble-era profit levels. The [...]

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Washington’s bonus tax fantasy

By doris | Published: February 9, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — The government’s plan to tax Wall Street’s bonus bounty is shaping up to be nothing more than a pipe dream. Hoping to ride the wave of populist outrage against financial firms like Goldman Sachs, lawmakers have been hard at work hatching legislative schemes aimed at reining in [...]

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Goldman’s Blankfein collects $9 million bonus

By doris | Published: February 8, 2010

Bonus, given again. Why so much to handle money? What did he and all the others do to desire that big of a bonus? A lot of Americans do a good job every day and we are lucky we get paid. I didn’t understand why they have to get so much for a bonus. Full [...]

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JPMorgan’s Dimon scores $16M bonus

By doris | Published: February 6, 2010

Big bonus,is he worth it? No one is worth that kind of bonus just because he works with money. Full Story at money.cnn.com NEW YORK (CNNMoney.com) — JPMorgan Chase Chairman and CEO Jamie Dimon will take home a nearly $16 million bonus in restricted stock and options for leading the bank to a big profit [...]

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JPMorgan Chase allots $9.3 billion in bonuses

By doris | Published: January 17, 2010

Full Story at msnbc.com NEW YORK – JPMorgan Chase & Co. on Friday announced a record $9.3 billion payday for its investment-banking employees, setting the stage for competitors like Goldman Sachs Group Inc. to also make eye-popping payouts. On a per employee basis, JPMorgan investment bankers, sales staff and traders, on average, are set to [...]

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Is a bonus tax in our future?

By doris | Published: December 14, 2009

Full Story atmoney.cnn.com NEW YORK (Fortune) — The odds aren’t on its side, but a bonus tax could happen in the United States too. The United Kingdom this week slapped a 50% tax on bankers’ bonuses above about $40,000. The one-time tax will be paid by all banks with employees in the country. France pledged [...]

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Automakers, banks slapped with pay limits

By doris | Published: December 13, 2009

Full Story at msnbc.com WASHINGTON – The Obama administration’s pay czar is limiting the cash compensation for executives at companies that received the largest taxpayer bailouts to $500,000. The 25th through the 100th top earners at Citigroup, GMAC, American International Group and General Motors also must take more than half their compensation in stock, and [...]

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3 AIG execs get bonus OK from pay czar

By doris | Published: October 23, 2009

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — In the end, pay czar Kenneth Feinberg’s hardest case was AIG. The troubled insurer lobbied hard to let three of its executives keep their bonuses. AIG told Feinberg that three executives, who were entitled to large retention payments, were particularly critical to the company’s long-term financial success and [...]

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