There are noises in AU about limiting bonuses, too.
Advocacy groups are agitating for laws to scotch "performance bonuses" for CEOs and board members when a company's performance actually drops.
I'm sure there were some in the US government who wished they could have lent the bailout monies to those "too big to fail banks" with strict "no bonus" clauses, though I know there would have been legal problems doing that. Wade. Static Scribblings http://staticsan.blogspot.com/
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No, they actually did that here.
BoA and Citi and lots of others had to limit executives pay until they paid back their government TARP loans - http://www.nytimes.c...siness/04pay.html
Trouble is, much of the assistance the banks got was well beyond the direct loans from TARP and the like (e.g. direct action by the Fed, etc.) - http://motherjones.c...ig-bank-bamboozle - and it was too easy for them to get out from under the restrictions (without really improving the health of their institutions) and turn on the executive compensation tap again. Cheers, Scott. |
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Well that and...
you have to remember...Fox News was all about giving bonuses to bankers.
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Good thing we didn't temporarily nationalize the big banks.
- (Another Scott)
- (3)
- Oct. 15, 2011, 02:41:45 PM EDT
There are noises in AU about limiting bonuses, too.
- (static)
- (2)
- Oct. 15, 2011, 10:02:07 PM EDT
No, they actually did that here.
- (Another Scott)
- (1)
- Oct. 15, 2011, 11:35:57 PM EDT
Well that and...
- (S1mon_Jester)
- Oct. 17, 2011, 01:42:55 AM EDT
