Execs Forgoing Bonuses/salaries | featured news

Goldman Sachs said its top 30 executives won't receive a cash bonus for 2009 and that shareholders will be given an advisory vote on executive pay.

Bowing to increasing scrutiny of his compensation, Bank of America’s embattled chief executive, Kenneth D. Lewis, agreed not to take a salary or bonus for 2009.

Attorney General Andrew M. Cuomo of New York said 15 of the top 20 bonus recipients in A.I.G.’s financial products division had returned their bonuses.

After selling a majority stake in Miami-based City National Bancshares last November, $60 million of the proceeds, out of his own pocket, got handed out to his tellers, bookkeepers, clerks--everyone on the payroll. All 399 workers on the staff received bonuses, and he even tracked down 72 former employees to give them bonuses.