PLANET OF THE CHIMPS #2

Sunday, December 21, 2008

AP study finds $1.6B went to bailed-out bank execs

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Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an Associated Press analysis reveals.

The rewards came even at banks where poor results last year foretold the economic crisis that sent them to Washington for a government rescue. Some trimmed their executive compensation due to lagging bank performance, but still forked over multimillion-dollar executive pay packages.


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(Something to think about as you do that year-end tax preparation crap!)




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Chimp at 3:00 PM
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