After concluding a lengthy review of 419 Wall Street firms that took bailout money before pay curbs were enacted in February 2009, the Treasury Department's pay czar Kenneth Feinberg is naming the 17 most shameful today.
These banks paid out $1.6 billion in cash bonuses, retention awards, stock grants and other payments to executives between late 2008 and February 2009, around the same time that Washington shoveled tax dollars at them, supposedly to keep them from foundering.
~
No comments:
Post a Comment