February
2012
Tuesday, October 20, 2009
Tomoeh Murakami Tse, The Washington Post, 

At rescued banks, perks keep rolling

Bosses benefit after bailout Fringe compensation rose 4 percent last year.

NEW YORK -- Even as the nation's biggest financial firms were struggling and the federal government was spending hundreds of billions of dollars to save many of them, the companies as a group were boosting the perks and benefits they pay their chief executives.

The firms, accounting for more $350 billion in federal bailout funds, increased these perks and benefits 4 percent on average last year, according to an analysis of corporate disclosures filed in recent months.

Posted by Editor on 10/20/09 at 06:29 AM •  (0) Comments

Related Scoundrals

Share Your Ire

blog comments powered by Disqus