Posts Tagged ‘Feinberg’

Wall Street’s Bailout Bonuses

July 23, 2010

 Wall Street's Bailout Bonuses

Kenneth Feinberg, Special Master on Compensation Reform, cited 17 financial firms for “ill-advised” excessive payments to their executives while taxpayers were bailing their companies out with TARP funds. He called this “bad judgement.” Total of the bonuses and other executive payouts: $1.6 billion.