Bonus News
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JPMorgan Chase’s chief executive, Jamie Dimon, will get a $17 million all-stock bonus for his performance back in 2009. The move is causing quite the stir.
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A Christmas Poem
(with apologies to Clement Clarke Moore)
'Twas the month before Christmas and all round the street...
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Ministry of Defense staff in the UK were paid more than £47m in bonuses in the first seven months of this year. When that was revealed last week, the nation recoiled, led by the mothers of soldiers killed in Afghanistan and Iraq.
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A report to be released today indicates that a kitchen worker and file administrator received 'retention bonuses' awarded by AIG. This undercuts AIG's claims that bail out money was needed to keep "key" employees able to "unwind the derivatives trades."
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Following in the footsteps of other countries, the Netherlands has decided to offer up money for people trading in their clunkers. The program is designed to both stimulate the auto industry and remove polluting automobiles from the streets.
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While the entire county focuses on the AIG bonus controversy and Congress wastes time pointing partisan fingers, the real issues surrounding the economic meltdown are being ignored.
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After the reported $165 million in bonuses AIG is giving to their employees, some of which are responsible for the current crisis, the public backlash has been very outspoken - including one US senator, who had some choice words for the executives.
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AIG was one of the first financial firms to cry “broke” and pony up to the federal government for a rescue. At the time the rationale for federal aid was the company’s failure would cause a ripple in the economy and cause a larger meltdown.
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Google's top brass are a happy bunch right about now. The end-of-fiscal-year bonus checks were rather nice this year. The top men all got bonus checks that most of the country would love to see as their yearly income.
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Today President Obama will announce his plans to impose a $500K salary cap on executives who work for firms that receive bailout money.
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Bonus Headlines
A £963,000 bonus in shares awarded to Royal Bank of Scotland boss Stephen Hester is strongly criticised by politicians and unions.
Barclays chief executive Bob Diamond should not get any bonus at all, according to a shareholders advisory group.
Antonio Horta-Osorio, chief executive of Lloyds Banking Group, says he does not want to be considered for an annual bonus for 2011.
Dr Ruth Bender, of the Cranfield School of Management, explains why she thinks it is fair that Stephen Hester gets his bonus worth over £900,000
Labour says it will force a Commons vote calling for RBS chief executive Stephen Hester to be stripped of his near £1m bonus.
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Bonus Blogs
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Last weekend I attended the Ani DiFranco concert here in Toronto. I had been excited for months and even waited for the...
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By Iman Sadri Anaheim, CA - For at least four more years the Los Angeles Angels of Anaheim have solidified their...
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OUTEXPRESSION online newspaper is a publication of the Toronto Queer West Arts Centre. Copyright 2012. All Rights...
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OUTEXPRESSION online newspaper is a publication of the Toronto Queer West Arts Centre. Copyright 2012. All Rights...
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Fascinating and depressing article in the February 24, 2012 issue of The Week magazine called "When Cold Kills - The...
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