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17 Aug 2009 10:52

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Biz: One of Citi’s big shots, Andrew Hall, got a big bonus anyway

  • $100 million the amount Citi paid Hall last year in bonuses, despite his company’s dire straits
  • one castle what Hall lives in when he’s not kicking @$$ and taking names as a top oil trader source
Posted by Ernie Smith • 0 Comments • Permalink

24 Mar 2009 09:37

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Biz, U.S.: N.Y. Attorney General wants, but can’t get, all the AIG bonuses back

  • We have a very aggressive theory about our jurisdiction, but we don’t have a theory that gets us to London.
  • Andrew Cuomo • N.Y. Attorney General, on his plan to get the AIG bonuses back. Unfortunately, he doesn’t think he can legally get money back from AIG’s financial products division, which is based in London and was largely responsible for the credit-default swaps which got us in this mess. • source
Posted by Ernie Smith • 0 Comments • Permalink

21 Mar 2009 08:34

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Biz, U.S.: AIG’s feeling the pressure from nearly half the union’s states

  • 20 states launched investigations over those crazy bonuses source
Posted by Ernie Smith • 0 Comments • Permalink

20 Mar 2009 10:04

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Biz: Whoa. Wal-Mart handed out AIG-style bonuses to the cashiers!

  • $933 million in bonuses were handed out by the mega-retailer. Unlike AIG, we want them to hand these out.
  • $667 per person the average cash bonus for each Wal-Mart employee – including part-timers at their stores. source
Posted by Ernie Smith • 0 Comments • Permalink

18 Mar 2009 21:13

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Biz, U.S.: *FOREHEAD SLAP* Good one Chris Dodd *FOREHEAD SLAP*

  • As many know, the administration was, among others, not happy with the language. They wanted some modifications to it. They came to us, our staff, and asked for changes, and the changes at the time did not seem that obnoxious or onerous.
  • Sen. Christopher Dodd • On adding a provision to the stimulus bill allowing AIG to give out massive bonuses to its employees. He was asked to make these changes by the Treasury, which seems to have a lot of power over legislation considering they’re not legislators. Dodd wants to tax the bonuses, BTW. • source
Posted by Ernie Smith • 0 Comments • Permalink

03 Mar 2009 21:54

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Biz, Tech: Google to execs: You kept us profitable. Here’s your payday.

  • 4 top execs got bonuses of $1.2 million or more for boosting profits source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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