President Obama’s scolding of the financial industry Thursday for awarding itself nearly $20 billion in bonuses during one of its worst years in decades pretty much speaks for itself. Instead of piling on here, let’s just turn instead to the late Myron Cope, the longtime voice of the More…
Former Merrill Lynch CEO John Thain apparently is having second thoughts about a fancy $1.2 million redecoration of his office, which he undertook before his firm nearly tanked and was merged with Bank of America. Thain has decided to reimburse the bank for the $1,045 trash can, the $35,115 commode, More…
Wait, what’s this? Citigroup’s top executives are giving up their annual bonuses this year, according to the Financial Times. CEO Vikram Pandit and senior advisor and director Robert Rubin are among those foregoing the usual end of the year cash awards.
Economist and former Labor Sec. Robert Reich, who spoke out early and forcefully in opposition to the $700-billion Treasury Dept., rescue plan, is back again, this time More…
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