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  • $100 million bonus

    Give Hall his $100 million dollar bonus! He will serve as an inspiration for other go-getters.
    Posted to Moneybox by david wayne osedach on August 14, 2009

  • AIG

    AIG has received enough bonuses! More than enough for their poor, teetering on bankruptcy performance. No more please! Help out the homeowners first!
    Posted to Today's Papers by david wayne osedach on July 11, 2009

  • We Should Have A “Which” Hunt Instead of A Witch-Hunt

    I told you so. One has to be selective about whom at AIG to direct our “bonus anger”. As “Exhibit A” I give you the resignation letter of Jake DeSantis, an executive vice president of AIG’s Financial Products unit, to AIG president Edward Liddy, which appears as an op-ed in today’s New York Times. Quoting from his letter: “I started at this ...
    Posted to Today's Papers by mathpol on March 25, 2009

  • Welcome back to the fray Elliot--just in time

    There's only one person that needs to exonerate Elliot and it's none of us. It's the Mrs. The only ongoing penalty for him is that we don't have to call him Mr. Spitzer any more. He's Elliot because he's just one of the guys now. And he's really gifted at the one subject that's about to cost us what? $10 trillion now? That's serious money ...
    Posted to The Best Policy by Tom McKnight on March 20, 2009

  • The Merrill-Lynch-Mob

    Welcome to mob rule, as orchestrated by the House of Representatives, who yesterday created a “bonus tax bracket” of 90% on bonuses paid by certain companies receiving Federal Bailout money. Forget about contracts, the rule of law, the fact that Eliot Spitzer engineered the departure of longtime AIG chief Maurice Greenberg by threatening a ...
    Posted to Today's Papers by mathpol on March 20, 2009

  • AIG debacle

    Daniel Gross and Eliot Spitzer have both got it dead right on AIG: the story is not about $165m in politically incendiary bonuses to executives - it is the dereliction of duty of the former CEO and board of directors of AIG that has resulted in misery around the world and a cost to US taxpayers of several thousandfold the offensive bonuses. As ...
    Posted to Moneybox by tardx on March 18, 2009

  • Trickle down bonuses

    Great piece. It's a shell game, isn't it? GS gets $12.8 billion from AIG (and many billions on top of that). GS then, per Bloomberg, gives $2.5 billion on stock and stock-option bonuses to its partners. This came after GS's top 7 partners said they'd forego bonuses. Nice PR ploy ...
    Posted to The Best Policy by Chuckjones on March 18, 2009

  • Bonus Madness and AIG

    From an article in today’s Washington Post: “Fed officials also hope to keep current employees with [AIG]. The senior executives whose decisions caused the company's collapse are long gone. Most of those left behind are trying to unwind complicated derivative contracts. Completing that process correctly is essential to preserving as much value ...
    Posted to Today's Papers by mathpol on March 17, 2009

  • AIG Bonus Formulas

    All the arguments that the bonuses must be paid because of contractual obligations miss the main point: All bonuses are based on a predetermined formula. So what kind of formula called for bonuses to be paid to executives of a spectacularly failing company? When middle managers are involved, or sales people, it's easy to understand how this can ...
    Posted to Explainer by Meridian Hill on March 17, 2009

  • COMPENSATION OF HEALTH INSURANCE EXECUTIVES - OUTRAGEOUS!

    EXRCSWHO’S LOOKING AT THE COMPENSATION OF THE HEALTHCARE INSURANCE EXECUTIVES? The health insurance companies have played a major role in our current healthcare crisis. They make huge profits and their CEOs make millions, while the rest of us are denied care. ANNUAL COMPENSATION OF HEALTH INSURANCE COMPANY EXECUTIVES (2006 and 2007 ...
    Posted to Today's Papers by foobar on February 14, 2009
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