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Washington"s bonus tax fantasy

Hoping to ride the wave of populist outrage against financial firms like Goldman Sachs, lawmakers have been hard at work hatching legislative schemes aimed at reining in bonuses at firms that received billions of dollars in taxpayer aid. There are separate proposals from two Democratic members

PNC’s Bailout Warrants May Be Worth $253.3 Million, Pluris Says - Bloomberg.com

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The Treasury Department could get about $15 for each of 16.9 million warrants, which convey a long-term option to buy an equal number of common shares at $67.63 apiece until Dec. 31, 2018, said Espen Robak , president of New York-based Pluris. Shares of Pittsburgh-based PNC traded at $51.11 as
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CIT Names Ex-Merrill Chief John Thain to Run Lender (Update3) - Bloomberg.com

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Thain, 54, becomes chairman and chief executive officer immediately, New York-based CIT said yesterday in a statement. The century-old firm had been led by Jeffrey Peek , another former Merrill Lynch executive, from July 2004 until Jan. 15, when Peek stepped down and board member Peter
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CIT Names Ex-Merrill Chief John Thain to Run Lender (Update2) - Bloomberg.com

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Thain, 54, becomes chairman and chief executive officer immediately, New York-based CIT said yesterday in a statement. The century-old lender had been led by Jeffrey Peek , another former Merrill Lynch executive, from July 2004 until Jan. 15, when Peek stepped down and board member Peter
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CIT Names Ex-Merrill Chief John Thain to Run Lender (Update1) - Bloomberg.com

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Thain, 54, becomes chairman and chief executive officer immediately, New York-based CIT said yesterday in a statement. The century-old lender had been led by Jeffrey Peek , another former Merrill Lynch executive, from July 2004 until Jan. 15, when Peek stepped down and board member Peter
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CIT Taps Ex-Merrill Chief John Thain to Run 102-Year-Old Lender

Feb. 8 (Bloomberg) -- John Thain , the ousted chief of Merrill Lynch & Co., was named to lead CIT Group Inc. , the commercial lender that emerged from bankruptcy in December, after almost a four-month search for a replacement. Thain, 54, becomes chairman and chief executive officer

CIT Taps Ex-Merrill Chief John Thain to Run 102-Year-Old Lender - Bloomberg.com

Thain, 54, becomes chairman and chief executive officer immediately, New York-based CIT said yesterday in a statement. The century-old lender had been led by Jeffrey Peek , another former Merrill Lynch executive, from July 2004 until Jan. 15, when Peek stepped down and board member Peter

CIT Taps Ex-Merrill Chief John Thain to Run 102-Year-Old Lender - Bloomberg.com

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Thain, 54, becomes chairman and chief executive officer immediately, New York-based CIT said today in a statement. The century-old lender had been led by Jeffrey Peek , another former Merrill Lynch executive, from July 2004 until Jan. 15, when Peek stepped down and board member Peter
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JPMorgan"s chief reaps $A18.5m bonus

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"All of his bonus is in deferred equity, there is no cash," said spokesman Joe Evangelisti on Friday. News about Dimon's hefty bonus comes amid a public furore over big bonuses that some blame for the excessive risk taking that fuelled the global financial crisis . Last
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Goldman Sachs’s Blankfein Receives $9 Million Bonus for 2009 - Bloomberg.com

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“This is certainly lower than my best estimate would have been,” said Rose Marie Orens , a senior partners at Compensation Advisory Partners in New York. “There was a very definite decision that they weren’t going to have the discussion be all about them and pay.” Goldman Sachs, the
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