Banks seek loopholes on executive pay and bonuses

You would think that by now big banks would understand the outrage from the public regarding their big bonuses and paychecks. The public just can't understand how executives who lost so much money and brought the American economy to its knees still deserve their bonuses.

Now we learn that some big banks are trying to find loopholes to the bonus restrictions the Obama Administration is expected to place on banks that take bailout funds. Some banks are talking about increasing base sales for some executives and top producing employees, to offset the bonus losses. Before deciding exactly what they are going to do the banks are waiting for the official rules to be sure they are sidestepping the new rules appropriately.


The Latest from our Partners