Bailed-out execs got $1.6 billion
Bank salaries and perks could have covered cost of rescue, AP study finds
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 owing to lagging bank performance, but still forked over multimillion-dollar executive pay packages.
Benefits included cash bonuses, stock options, personal use of company jets and chauffeurs, home security, country club memberships and professional money ...
Full Story »
Retrieving Comments
