ING wants 2008 bonuses back

U.S. financial companies are not the only ones under fire for the bonuses they paid. ING (ING), the Dutch financial group, is asking 1,200 top employees to give back their bonuses, according to a report by Reuters this morning. ING Chief Executive, Jan Hommen told the Dutch newspaper, De Volkskrant, "This is a moral appeal."

ING paid 300 million euros in bonuses in 2008 to about 40,000 employees. Hommen said it will be impossible to retrieve them all. He also said there would be no bonus payments in 2009.