Kenneth Feinberg, the Obama administration's watchdog for executive pay at U.S. financial institutions has found 17 companies paid out $1.6 billion in bonuses shortly after receiving taxpayer-funded bailouts last year.
Some of the payments exceeded $10 million, as in the case of one individual. Ridiculous.
kenneth feinbergBailed-Out Banks Awarded $1.6 Billion in Executive BonusesDigg - Business & Finance Sat, 07/24/2010 - 00:00
Update: AIG Pays Bonuses With Fed EndorsementDigg - Business & Finance Sat, 12/12/2009 - 21:32
Kenneth Feinberg, the government’s paymaster for bailed-out companies, will allow insurer American International Group Inc. to pay retention bonuses to executives after U.S. regulators emphasized the need to keep the staff. Tags:
Obama Pay Czar Puts Cap On Executives' PayTopix - Business News Fri, 12/11/2009 - 16:36
Share + Comments Dec 11, 2009 11:45 am US/Pacific Kenneth Feinberg Caps Salary At $500K For Executives at Banks, Auto Companies The Obama administration's pay czar is limiting the cash compensation for executives at companies that received the largest taxpayer bailouts to $500,000 and delaying some other payouts. |
