Related: The Return of the Million-Dollar Bonus
AIG Awards Another $500 Million in Bonuses
Lying Looters Large and Small: AIG's Excesses
Yeah, you are NEVER GETTING that BAILOUT MONEY BACK, 'murkn!
And these bonuses are going to be EVEN LARGER, folks!
"Many on Wall Street expect bigger bonuses" by Josh Fineman, Bloomberg News | October 7, 2009
Now is that just IN-YOUR-FACE GREED, American, or what?
NEW YORK - Of those respondents to the poll who expect an increase, 33 percent said the expectation was fueled by last year’s “abnormally’’ low bonuses. “Banks have reverted to what they do best, take risks and make money,’’ said Jason Kennedy, chief executive officer of London-based recruiting firm Kennedy Associates.
More than a third of Wall Street finance professionals surveyed expect their bonuses to increase for 2009, a year after the credit market collapse that some regulators say was fueled by outsized pay packages, eFinancialCareers.com found.... About 36 percent of the 1,074 people who responded to the e-mailed poll said they are anticipating a bigger annual payout from their companies and 11 percent said it will jump by at least half, the job-search website said.
The Group of 20 leaders agreed last month to adopt compensation guidelines for banks and other financial companies that are designed to rein in risks by aligning bonuses and other compensation with long-term performance. US lawmakers are also studying Wall Street pay after spending almost $400 billion bailing out finance companies.
Pffft! They would have done something by now if they were serious. Seeing as the politicians work for the banks, this is just more shit-fooley journalism, folks.
“This finding may rile regulators who have concluded that compensation arrangements often created incentives for risk-taking with insufficient regard to longer-term risks,’’ the company said. About 83 percent of those polled expect to receive some kind of bonus this year, according to eFinancialCareers, a unit of Dice Holdings Inc....
Where is YOUR BONUS, American citizen and taxpayer?
What do you mean it is the pink slip?
