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Top bank officials at Citigroup and Morgan Stanley meeting to figure out ways to skirt compensation limits
AMERICAblog News| A great nation deserves the truth —
Wonder what is taking up the time of top officials at banks rescued with your tax dollars? You'd like to think they're all hunkered down trying to solve the crisis they created with help from George Bush and the GOP. According to Reuters, avoiding the salary caps is a top priority right now: ...
Citi, Morgan Stanley look to sidestep bonus caps: report
Democratic Underground Latest Breaking News —
... said, citing people familiar with the situation. The discussions are at an early stage, partly because the government has not yet issued specific rules on the bonus payments that will be allowed at companies that received aid under the government's Troubled Asset Relief Program, the paper said. The report comes on the heels of widespread outrage that insurer AIG, kept alive on a government bailout of up to $180 billion, was paying its employees bonuses of $165 million. Read more: http://www.reuters.com/article/GCA-CreditCrisis/idUSTRE...
