AP study finds US$1.6 billion went to bailed-out bank execs
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AP study finds US$1.6 billion went to bailed-out bank execs
How thoughtful of the Feds to accept socialism on such a grand scale. I s'pose you can call it Executive Socialism.
http://ca.news.yahoo.com/s/capress/081222/business/executive_bailouts
Banks that have their hands out in Washington this year were handing out multimillion-dollar rewards to their executives last year.
The 116 banks that so far have received taxpayer dollars to boost them through the economic crisis gave their top tier of executives nearly $1.6 billion in salaries, bonuses and other benefits in 2007, an Associated Press analysis found.
That amount, spread among the 600 highest paid bank executives, would cover the bailout money given to several banks that have shared in the $188 billion that Washington has doled out in rescue packages so far.
Some banks trimmed their executive compensation in the face of faltering performance that foreshadowed the current economic crisis, but they still granted multimillion-dollar packages. Benefits included cash bonuses, stock options, personal use of company jets and chauffeurs, home security, country club memberships and professional money management, the AP review of federal securities documents found.
http://ca.news.yahoo.com/s/capress/081222/business/executive_bailouts
Banks that have their hands out in Washington this year were handing out multimillion-dollar rewards to their executives last year.
The 116 banks that so far have received taxpayer dollars to boost them through the economic crisis gave their top tier of executives nearly $1.6 billion in salaries, bonuses and other benefits in 2007, an Associated Press analysis found.
That amount, spread among the 600 highest paid bank executives, would cover the bailout money given to several banks that have shared in the $188 billion that Washington has doled out in rescue packages so far.
Some banks trimmed their executive compensation in the face of faltering performance that foreshadowed the current economic crisis, but they still granted multimillion-dollar packages. Benefits included cash bonuses, stock options, personal use of company jets and chauffeurs, home security, country club memberships and professional money management, the AP review of federal securities documents found.
Canuck- Jedi Padawan
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Number of posts : 1717
Location : Kanaduh
Re: AP study finds US$1.6 billion went to bailed-out bank execs
nice to know someone came out with a fat wallet
floridafun- Jedi Knight
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Number of posts : 2519
Re: AP study finds US$1.6 billion went to bailed-out bank execs
figures America will just turn its head
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