Misuse Of Bailout Money, Bonus | featured news

Bailed-out banks overpaid execs

Bailed-out banks overpaid execs

Treasury: 17 banks overpaid execs while receiving billions in taxpayer-funded bailout money.

 

AIG plans to pay about $100 million in bonuses

American International Group plans Wednesday to pay another round of employee bonuses worth about $100 million, said several people familiar with the matter.

 

U.S. Wants A.I.G. to Hold Back on Some Bonuses

U.S. Wants A.I.G. to Hold Back on Some Bonuses

The special federal paymaster is trying to persuade the American International Group, the insurance giant, to reduce a coming bonus payment of $198 million, but is running into legal hurdles despite rules curtailing bonuses at companies receiving assistance from the Treasury.

 

AIG and U.S. in Talks on $250 Million in Bonuses

AIG and U.S. in Talks on $250 Million in Bonuses

Troubled insurer asks Treasury to rule on several types of executive pay, most of which is owed to embattled derivatives division in March 2010.

 

AIG seeks clearance for more bonuses

AIG seeks clearance for more bonuses

American International Group is preparing to pay millions of dollars more in bonuses to several dozen top corporate executives after an earlier round of payments four months ago set off a furor.

 

BofA paying big bonuses to retain bankers: paper

Bank of America Corp has been paying millions in bonuses in order to lure talent and retain investment bankers the company views as vital, the New York Post reported, citing sources.

 

AIG employee quits at 'betrayal'

A top executive at troubled insurer AIG publicly resigns and says he will donate his entire bonus to charity.

 

Fed's Bernanke wanted to block AIG bonus payments

Federal Reserve Chairman Ben Bernanke told Congress today he wanted to sue to stop insurance giant AIG from paying millions in bonuses, but was talked out of it.

 

$50 Million in A.I.G. Bonuses to Be Repaid

$50 Million in A.I.G. Bonuses to Be Repaid

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.

 

White House Is Wary of Plan to Tax Bonuses

As administration prepares to unveil economic plan, some of its economic officials react coolly to Congress's efforts to punitively tax payments.

 

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