TITLE

WALL STREET'S $16 BILLION BONUS

AUTHOR(S)
Shnayerson, Michael
PUB. DATE
March 2009
SOURCE
Vanity Fair;Mar2009, Issue 583, p230
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the U.S. government's 2008 bailout of the U.S. financial services industry, examining the potential for the government in 2009 to recoup, or "claw back," portions of the monies through that were, in the government's opinion, unethically or fraudulently utilized. Top officers at the companies Merrill Lynch and Goldman Sachs agreed to forgo their 2008 bonuses. Also discussed are large bonuses given to members of companies that received the bailout monies.
ACCESSION #
36461301

 

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