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04 Sep 2011 16:10

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Biz: James Murdoch turns down bonus; Rupert Murdoch takes his own

  • In light of the current controversy surrounding News of the World, I have declined the bonus that the company chose to award to me. While the financial and operating performance metrics on which the bonus decision was based are not associated with this matter, I feel that declining the bonus is the right thing to do.
  • James Murdoch • Explaining his reasons for not accepting a $6 million bonus from News Corp. in the wake of the News of the World scandal. Accepting the bonus would have increased his 2010 take-home pay by 74 percent. His dad Rupert, meanwhile, accepted a $12.5 million bonus of his own. Do you think James made the right move? And if so, should Rupert Murdoch have followed the same track? source
Posted by Ernie Smith • 0 Comments • Permalink

06 Feb 2010 10:27

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Biz: Goldman Sachs’ CEO tightens his belt, relatively speaking

  • $67
    million     amount Goldman Sachs CEO Lloyd Blankfein made in bonuses after a record 2007 for the company
  • $9
    million     amount the CEO made in bonuses after a record 2009; how thoughtful of him to cut back source
Posted by Ernie Smith • 0 Comments • Permalink

21 Jan 2010 09:34

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Biz: Somebody’s just had a record year: Goldman Sachs shows off

  • $13.4
    billion     in profits through all of 2009, which is pretty much a record year for them; freaking showoffs
  • $16.2
    billion     in bonuses given last year, which sounds high but is the lowest they’ve given since 1999 source
Posted by Ernie Smith • 0 Comments • Permalink

15 Jan 2010 08:52

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Biz: Banks say screw populism, increase bonuses by 18% for 2009

  • $145 billion in dollar-shaped middle fingers source
Posted by Ernie Smith • 0 Comments • Permalink

11 Jan 2010 09:56

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Biz: Higher salaries, fewer bonuses: Banks change up the mix a little

  • 65% of banks increased basic salaries for workers in the wake of the financial crisis
  • 88% cut back on bonuses – which had been vilified more than anything else source
Posted by Ernie Smith • 0 Comments • Permalink

11 Dec 2009 15:01

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Biz: Poll: Will legislative attempts to regulate the financial system work?


Posted by Ernie Smith • 0 Comments • Permalink

11 Dec 2009 12:41

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Biz: White House Pay Czar to execs: Tighten your belts

Posted by Ernie Smith • 0 Comments • Permalink
 

03 Nov 2009 20:25

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Biz: Bailed-out banks throwing more money at employees this year

  • $117.6 billion in paydays so far in 2009 for eight top bailed-out banks
  • $165 billion in bailout funds the banks took from the U.S. government source
Posted by Ernie Smith • 0 Comments • Permalink

06 May 2009 11:12

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Biz, U.S.: AIG’s bonus payments are way higher than they first said

  • $120 million amount AIG admitted to giving in bonuses last year back in March, post-bailout
  • $454 million the actual amount in bonuses they really gave out – the other number was just execs 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
 
 
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