Thursday, July 23, 2009
Tomoeh Murakami Tse, Washington Post,
Tomoeh Murakami Tse, Washington Post,
Wall St. Jacks Up Pay After Bailouts
Lawmakers Give Hollow Warning to Wall Street Against Return to Pre-Crisis Levels
The recent outcry over bonuses at bailed-out firms prompted public alarm and promises of reform from financial leaders, who acknowledged that pay and bonuses should not reward risky short-term business decisions -- such as those that contributed to the meltdown -- but instead longer-term financial performance.
But Wall Street, helped by improving profits, is on track to pay employees as much as, or even more than, it did in the pre-crisis days.
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Posted by Editor on 07/23/09 at 06:30 AM •
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