Posts Tagged ‘AIG’

Goldman Gets the Message!

Monday, April 13th, 2009

Last week Lloyd Blankfein, the CEO of Goldman Sachs, gave a speech to a group of institutional investors in which he called for new pay standards and regulation of hedge funds and private equity groups.
Back to the Future
When it comes to Wall Street pay standards, it might be called “Back to the Future.” These pay arrangements [...]

The AIG Bonuses: FreePassers Gone Wild!

Tuesday, March 17th, 2009

I have noted before that the FreePasser epidemic has permeated every aspect of our society. However, the recent disclosures of the use of government bailout money for bonuses at American International Group (AIG) astound even me. It turns out that the taxpayer bailout money was used to pay bonuses of about $450 million to a [...]