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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: bonuses

bonuses stories: 121 news summaries

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(Newser) - The White House might not be onboard with bills sprinting through Congress to tax away AIG’s outrage-inducing bonuses. Top White House financial advisers are reacting coolly to the suggestion, the Washington Post reports. “The president has been clear we don’t want to govern out of anger,... More »

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Joe Biden • White House • AIG • bonuses • Obama administration • clawback

Old Gray Lady Grabs Obama
by the Ear

Krugman, Friedman, Dowd, Rich, editorial board all pile on prez

Mar 22, 09 4:06 PM CDT
(Newser) - The Obama administration bore an avalanche of criticism this weekend from the usually friendly New York Times. Influential columnists Paul Krugman, Frank Rich, Thomas Friedman, and Maureen Dowd—plus the paper’s editorial board—all piled on a president who “is increasingly overwhelmed, and not fully appreciative of the... More »

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Barack Obama • New York Times • security • editorial • Maureen Dowd • Frank Rich • AIG • bonuses • Thomas Friedman • columnists • Paul Krugman • newspaper editorials • blog posts • Obama administration

 AIG Bonuses Higher 
 Than Thought: $218M 

Five at firm got more than $4M: Blumenthal

Mar 21, 09 10:25 AM CDT
(Newser) - AIG documents show the firm paid out $218 million in bonuses—higher than the $165 million that had been disclosed, says Connecticut’s attorney general. The papers show five at the firm scored bonuses of more than $4 million, said Richard Blumenthal, whose office received the papers last night after... More »

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Connecticut • AIG • bonuses • attorney general

(Newser) - Sen. Chris Dodd says that if he had known the purpose of changes to legislation he drafted for the stimulus package, he “would have flatly rejected it,” CNN reports. Dodd’s rewrite, at the behest of unnamed Treasury officials, allowed AIG and others receiving federal assistance to dole... More »

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Congress • legislation • Chris Dodd • AIG • Treasury Department • bonuses • economic stimulus package • Obama administration

(Newser) - Executives at government-owned mortgage giants Fannie Mae and Freddie Mac are scheduled to receive six-figure retention bonuses, but Barney Frank wants the payments canceled, MarketWatch reports. “In this troubled economy, and in this job market, it is difficult to imagine that the companies would not be able to find... More »

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mortgage • Freddie Mac • Fannie Mae • bonuses • Barney Frank • bailout • financial crisis • financial meltdown

 State AGs Probe AIG Bonuses 

Coalition of 19 state officials demands list of AIG bonus recipients

Mar 20, 09 2:01 PM CDT
(Newser) - The attorneys general of 19 states have joined forces to investigate the bonus payments made to AIG employees, the Wall Street Journal reports. In a letter to the firm, the coalition demands a list of all employees of the financial products unit who received bonuses after the government started providing... More »

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investigation • AIG • bonuses • compensation • bailout • attorneys general • Wall Street bailout

ANALYSIS

 AIG Bonus Vote 
 Splits GOP Honchos 

Insider Boehner and publicity-hungry Cantor go opposite ways

Mar 20, 09 11:25 AM CDT
(Newser) - The vote to tax AIG bonuses split the House’s top two Republicans, and illustrates the differences in their strategies, reports Politico. Minority Leader John Boehner voted against, calling it “a bad bill with bad consequences.” Boehner’s No. 2, rising star Eric Cantor, supported it, calling it... More »

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John Boehner • AIG • bonuses • House Republicans • Eric Cantor

AIG Execs
Face Fury of Angry Public

Amid death threats, some are returning hefty bonuses

Mar 20, 09 9:58 AM CDT
(Newser) - The AIG scandal has turned company execs from pillars of their communities into dastardly villains, reports the New York Times. Witness James Haas—or Jackpot Jimmy as the New York Post calls him. "I didn’t have anything to do with those credit problems,” says Haas, who fought... More »

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AIG • bonuses • financial crisis

 Ex AIG Boss: It's Not My Fault  

Says he doesn't back retention bonuses

Mar 20, 09 8:31 AM CDT
(Newser) - AIG’s former CEO tells CBS that the bonuses now sparking national outrage would not have happened under his watch. Hank Greenberg, ousted in 2005, said he doesn’t back such retention bonuses, blamed the firm's collapse on the "stupidity" of his successors, and thinks the current CEO should... More »

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CBS • AIG • Hank Greenberg • bonuses • bailout • Edward Liddy

OPINION

 Let's Downsize Our Outrage 


Mar 20, 09 7:56 AM CDT
(Newser) - It’s time to put down the pitchforks, writes Steven Pearlstein in the Washington Post. Public outrage is getting so hot that it’s actually undermining government efforts to contain the financial crisis. Right now, the Treasury is desperately trying to lure private capital back into the so-called shadow... More »

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AIG • bonuses • financial crisis

Dodd Weakened by Outcry Over AIG Bonuses

Confusion over Conn. senator's role adds to mounting woes

Mar 20, 09 7:38 AM CDT
(Newser) - The financial crisis has exacted a political toll on Sen. Chris Dodd few would have seen coming. The veteran senator, elected in 1980, now trails his challenger by 1%, reports the Hill. Resentment of VIP mortgages he received was already hurting him. Dodd’s fumbled explanations of his role in... More »

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Senate • mortgage • Connecticut • Chris Dodd • AIG • bonuses

(Newser) - Treasury chief Tim Geithner said today that he asked Chris Dodd to add a stimulus loophole allowing AIG to dole out bonuses. Geithner told CNN he felt he had no choice because the government would have been vulnerable to lawsuits if it tried to stop them. "But we also... More »

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Chris Dodd • AIG • bonuses • Treasury secretary • Timothy Geithner

(Newser) - The recession has been kind to Wal-Mart, and it’s decided to share the wealth with the wage slaves. The mega-discounter will dole out about $2 billion in financial incentives to its hourly workers, Reuters reports, including $933.6 million in bonuses and $788.8 million in profit-sharing and 401(k)... More »

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retail • recession • bonuses • Wal-Mart • financial crisis

OPINION

 Welcome Back, Loudmouth 

Journal responds to Spitzer's sniping

Mar 19, 09 9:20 AM CDT
(Newser) - Taking potshots from Eliot Spitzer yesterday felt just like old times to the Wall Street Journal editorial board. "The Journal editorial page has been wrong on just about every issue out there," Spitzer told interviewer Brian Lehrer after being reminded of the paper's criticism of his efforts... More »

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Wall Street Journal • Eliot Spitzer • AIG • bonuses

Bank of America Must
Name Bonus Execs

Court demands firm spills

Mar 19, 09 4:30 AM CDT
(Newser) - This doesn’t bode well for AIG: A judge ruled yesterday that Bank of America must identify the Merrill Lynch executives who received $3.6 billion in bonuses ahead of the banks’ merger, reports the Wall Street Journal. New York Attorney General Andrew Cuomo sought disclosure as part of his... More »

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Bank of America • Merrill Lynch • court • Andrew Cuomo • bonuses • court order • fiscal crisis • Ken Lewis

 House Votes Today 
 on Bonus Clawback 



Bill being rushed through would slap 90% tax on bonuses at bailed-out firms
 

Mar 19, 09 3:51 AM CDT
(Newser) - The House will vote today on a hastily crafted bill to claw back bonuses from executives at AIG and other bailed-out firms, reports the Hill. The bill, drawn up by Democratic tax experts, slaps a 90% tax on bonuses over $250,000 at firms that received $5 billion or more... More »

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Congress • executive compensation • House of Representatives • AIG • bonuses • bailout • Wall Street bailout

 Dodd: 'I Saved 
 AIG Bonuses at 
 White House 
 Request' 

He was follwoing White House orders, sayd Senate Banking Committee chair

Mar 19, 09 2:32 AM CDT
(Newser) - The bonus loophole mystery has been solved. Banking Committee Chairman Sen. Chris Dodd added language to the stimulus bill that allowed the AIG bonuses to stand—at the request of the White House, he told CNN. The Connecticut Democrat said he did so reluctantly at the insistence of unnamed Obama... More »

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Chris Dodd • AIG • bonuses • Senate Banking Committee • bailout • fiscal crisis

Frank's House Panel to Grill Geithner Twice

Another Republican congressman calls
for him to resign

Mar 18, 09 4:17 PM CDT
(Newser) - As criticism of Treasury Secretary Timothy Geithner mounts, he is scheduled to take his place on the hot seat next week, the Wall Street Journal reports. Geithner will appear before Barney Frank's House panel—the same one grilling AIG chief Edward Lilly today—Tuesday and Thursday. Two Republican congressmen, Connie... More »

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Congress • AIG • bonuses • Barney Frank • Treasury secretary • Timothy Geithner

 Just Quit, 
 Geithner: 
 GOP Rep. 

AIG bonuses is latest of Tim's failings: Mack

Mar 18, 09 1:35 PM CDT
(Newser) - The AIG bonus flap is the last straw for Rep. Connie Mack, who today called for Treasury Secretary Timothy Geithner to resign or be fired, USA Today reports. “The scandal is but the latest fiasco under his watch,” said the Florida Republican, the first among GOP congressmen to... More »

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GOP • AIG • bonuses • House Republicans • Treasury secretary • President Obama • Timothy Geithner • Connie Mack

(Newser) - All the hubbub around AIG and its bonuses is “a complete farce,” Larry Kudlow writes in the National Review. No one should be surprised that those in charge have “completely bungled” the situation. “The government shouldn’t run anything, because it cannot run anything,” Kudlow... More »

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executive compensation • AIG • credit crisis • bonuses • Obama administration • Wall Street bailout • President Obama • Timothy Geithner • TARP • Larry Kudlow

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