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.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?
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.
Sunday, December 21, 2008
Ebeneezer Scrooge Would Be Proud
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Financial planners for bailed out bankers?
Is there any class that needs financial planning more?
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