MF Global went into bankruptcy last October, but bonuses could go out to 23 employees for cooperating with authorities in the bankruptcy proceedings. Just as AIG Executives collected hundreds of millions of dollars in bonuses after the 2008 bailout, this is similar, though much smaller in size. MF Global had about $1.6 billion of money that belonged to its customers that went missing. Some of it has been recovered, but it may not ever be a total recovery.
http://www.huffingtonpost.com/2012/03/09/mf-global-bonuses_n_1334735.html
Showing posts with label Executives. Show all posts
Showing posts with label Executives. Show all posts
Saturday, March 10, 2012
Friday, November 25, 2011
Top Six Executives at J.P. Morgan Chase Each Got Paid $10 Million-Plus in 2010
On page 24 of this report filed with the SEC, banking giant J.P. Morgan Chase reports that it has paid each of its top six executives $11 million-plus each. Each of them received bonuses worth over $3.4 million in 2010. Jamie Dimon, the bank's CEO, took home total pay of over $20.8 million.
http://www.sec.gov/Archives/edgar/data/19617/000119312511091290/ddef14a.htm#toc149447_12
http://www.sec.gov/Archives/edgar/data/19617/000119312511091290/ddef14a.htm#toc149447_12
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