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Tag Archives: bonuses

Day 61: Bailout executives panic – House passes 90% tax on bonuses

Friday, March 20, 2009

As if jumping executives from the roofs of bank and wall street buildings wasn’t enough of a public sidewalk hazard, the House overwhelmingly passed a near total tax on bonuses paid to employees of AIG and other bailout biters. And to really nail the coffin – it’s retroactive. The House vote sent some employees into [...]

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Filed in Obama updates | Also tagged bailout, CEO pay, decisions, economy, tax | Comments (0)

Day 57: Obama Will Try to Block A.I.G. Bonuses

Tuesday, March 17, 2009

Obama on Monday vowed to try to stop the faltering insurance giant American International Group from paying out hundreds of millions of dollars in bonuses to executives, as the administration scrambled to avert a populist backlash against banks and Wall Street that could complicate Mr. Obama’s economic recovery agenda. “In the last six months, A.I.G. has [...]

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Filed in Obama updates | Also tagged CEO pay, economy | Comments (0)