AIG isn’t the only bailed-out financial firm paying big bucks to managers who helped steer their company to near collapse. Citigroup has pledged millions of dollars in bonuses to senior executives for the next few years, despite lawmakers efforts to eliminate such payments. It’s not clear whether the bonuses, which Citigroup says are for 2008 but won’t start paying out until 2010, will be allowed.
Tag Archives: corporate
Food for thought: Why is McDonald’s thriving?
The nation’s economic outlook continues to be bleak.
Airline attacks ‘idiot, lunatic’ bloggers
Ryanair attacked "idiot" and "lunatic" bloggers Wednesday after a customer highlighted what he said were flaws in the budget airline’s Web site.