Sunday, December 21, 2008

Ebeneezer Scrooge Would Be Proud

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.
Where's my bail out? Never mind that, what about the bail out for my son's school - that is in dire need of a facilities upgrade?

1 comment:

Anonymous said...

Financial planners for bailed out bankers?

Is there any class that needs financial planning more?