Category Archives: Bonuses

U.S. wants AIG bonuses curtailed

By doris | Published: October 14, 2009

Full Story at mone.cnn.com NEW YORK (CNNMoney.com) — The Treasury Department, after missing an opportunity to rein in controversial bonuses to AIG employees last year, is now pressing the bailed out insurer to reduce a $198 million bonus pool, according to an overseer’s report released Tuesday. Neil Barofsky, the special inspector general of the $700 [...]

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AIG chief gets OK for $10.5 million pay package

By doris | Published: October 7, 2009

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — AIG Chief Executive Robert Benmosche’s $10.5 million annual pay package has been formally approved by Obama administration pay czar Kenneth Feinberg. According to a letter to Treasury’s compensation committee dated Oct. 2, Feinberg said Benmosche’s package, $4 million of which is in stock options, is comparable to that [...]

Also posted in America, Banking, Business, Dividends, Market, Stocks, Wrongdoing | 1 Comment

The Merrill Lynch bonus saga drags on

By doris | Published: September 10, 2009

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — Bank of America and regulators once again urged a federal judge to uphold a $33 million settlement tied to the disclosure of Merrill Lynch bonuses. In two separate court filings made Wednesday, both the Charlotte, N.C.-based bank and the Securities and Exchange Commission defended the proposed settlement the [...]

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Act fast! Homebuyer tax credit ends soon

By doris | Published: August 30, 2009

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Use any metaphor you want: the ticking clock, sands running through the hourglass or pages falling away from the calendar. The fact is, time is running out to claim the $8,000 first-time homebuyers tax credit. Passed earlier this year as part of the economic stimulus package, the [...]

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The top 10 highest paid CEOs are.

By doris | Published: August 16, 2009

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Last year was a bad one for most chief executives — but not for the top 10 highest paid CEOs. Seven chief executives took home more than $100 million in 2008, and three others had paydays that topped $70 million, according to a report released Friday by [...]

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Some clunker cash buying not-so-green vehicles

By doris | Published: August 14, 2009

Full Story at msnbc.com WASHINGTON – Transportation Secretary Ray LaHood, the nation’s top car salesman in recent weeks, has cited the Obama administration’s best-seller list of mostly smaller, fuel-saving cars like the Ford Focus to describe the success of the Cash for Clunkers rebate program. But what LaHood and other administration officials usually don’t mention [...]

Also posted in America, Auto, Bailout, Business, Corporate, Deals, Financial, Ford, GMC, Government, Green, Savings, Spending | Leave a comment

‘Cash for clunkers’ coming soon

By doris | Published: June 22, 2009

Full Story At money.cnn.com WASHINGTON (CNNMoney.com) — A $1 billion Washington program to give vouchers to consumers who replace junky cars with fuel-efficient models is likely to ramp up very soon. Congress passed the “cash for clunkers” measure late Thursday night as part of the $106 billion war spending bill. President Barack Obama plans to [...]

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Fannie, Freddie To Pay $210M In Bonuses

By doris | Published: April 5, 2009

Full Story At  CBS News (AP) Mortgage finance giants Fannie Mae and Freddie Mac plan to pay more than $210 million in bonuses through next year to give workers the incentive to stay in their jobs at the government-controlled companies. The bonuses for more than 7,600 employees were disclosed in a letter from the companies’ [...]

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Geithner: AIG must pay back bonus money

By doris | Published: March 19, 2009

Full Story At  CNN.com “We will impose on AIG a contractual commitment to pay the treasury from the operations of the company the amount of the retention awards just paid,” Geithner wrote. “In addition, we will deduct from the $30 billion in assistance an amount equal to the amount of those payments.” That would be [...]

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Bonus furor may prompt limits on AIG bailout money

By doris | Published: March 17, 2009

Full Story At news.yahoo.com WASHINGTON – The White House says it’s looking at restrictions on some $30 billion in taxpayers’ money approved to help American International Group as the administration tries to reclaim or block millions of dollars in bonuses the struggling company awarded executives. President Barack Obama and his top aides expressed outrage at [...]

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AIG finally names names

By doris | Published: March 16, 2009

Full Story At Mar. 15, 2009 NEW YORK (Fortune) — AIG gave in to demands from Congress Sunday, naming the banks that pocketed billions of dollars last fall as part of a federal bailout of the troubled insurer. AIG, facing intensifying scrutiny of its pay practices and questions about whether taxpayer money has been well [...]

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AIG paying millions in bonuses despite bailout

By doris | Published: March 15, 2009

What in the World do these banks think they are doing with are money. The rich gets richer and the poor gets poorer. They don’t deserve bonuses. Get the banking business back on the straight and narrow and they think about bonuses. Get your act together and quit spend our money for your personal gain. [...]

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Bank pays lavish bonuses to … all employees

By doris | Published: February 26, 2009

Full Story At  msnbc.com MIAMI – At a time when bankers are being pilloried on Capitol Hill as heartless and greedy, Leonard Abess Jr. stands apart. After selling his bank for a fortune last fall, he quietly handed out $60 million in bonuses from his own pocket — and not just to top executives. In [...]

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Congress trumps Obama, cuffs CEO bonuses

By doris | Published: February 15, 2009

Full Story At msnbc.com WASHINGTON – The stimulus package Congress passed last night imposes new limits on executive compensation that could significantly curb multimillion dollar pay packages on Wall Street and goes much further than restrictions proposed by the Obama administration last week. The bill, which President Obama is expected to sign into law next [...]

Also posted in Congress, Government, Money, Stimulus | Leave a comment