Citi, Bank of America Managers Averaged $18 Million Pay in 2008
The highest approved pay among all the covered executives was $10.5 million for Robert Benmosche, the CEO of AIG, whose bailout totals $182 billion.
Oct. 24 (Bloomberg) -- Citigroup Inc. and Bank of America Corp. paid top executives an average of $18.2 million each last year as the banks accepted $90 billion of bailout funds, records from Treasury Department paymaster Kenneth Feinberg show. Full Story »
Posted by jpinsatx - via Google News (Business)
REALITY CHECK... The issues are: 1) Pay Cuts and Pay Backs. 2) Who to Terminate. 3) Who to Prosecute. Rewarding Incompetence and Corruption during "The Great Recession" is Total Insanity!