Judge Says Cuomo May Name Merrill Bonus Recipients (Update3) - Bloomberg.com
Merrill Lynch & Co. employees who received $3.6 billion in bonuses in December may be publicly identified as part of New York Attorney General Andrew Cuomo’s probe of the company, a New York judge ruled.
Wednesday, March 18, 2009
What do AIG bonuses have to do with health care and cap-and-trade?
Media Matters - What do AIG bonuses have to do with health care and cap-and-trade?: "Several media outlets have asserted that AIG's payment of controversial employee-retention bonus packages could squelch or impede President Obama's ability to promote his policy agenda. Most of those reporting the claim failed to elaborate on how disclosure of the bonuses could impede Obama's ability to pass aspects of his agenda such as health-care reform and climate change policy.Several media outlets have asserted that AIG's payment of controversial employee-retention bonus packages could squelch or impede President Obama's ability to promote his policy agenda. Most of those reporting the claim failed to elaborate on how disclosure of the bonuses could impede Obama's ability to pass aspects of his agenda such as health-care reform and climate change policy."
Time cites NRSC attack on Dodd over AIG bonuses without noting that several GOP senators reportedly opposed executive pay restrictions
Media Matters - Time cites NRSC attack on Dodd over AIG bonuses without noting that several GOP senators reportedly opposed executive pay restrictions: "Time's Jay Newton-Small asserted that Sen. Chris Dodd's proposal for a 100 percent tax on AIG bonuses, 'may have been overcompensation, so to speak, on Dodd's part,' adding, 'The National Republican Senatorial Committee was quick to point out that Dodd had amended the stimulus plan to make a specific 'exception for contractually obligated bonuses agreed on before Feb. 11, 2009.' ' But Newton-Small did not point out in response to the NRSC's attack on Dodd that several Republican senators reportedly said in February they oppose any government restrictions on executive compensation.Time's Jay Newton-Small asserted that Sen. Chris Dodd's proposal for a 100 percent tax on AIG bonuses, 'may have been overcompensation, so to speak, on Dodd's part,' adding, 'The National Republican Senatorial Committee was quick to point out that Dodd had amended the stimulus plan to make a specific 'exception for contractually obligated bonuses agreed on before Feb. 11, 2009.' ' But Newton-Small did not point out in response to the NRSC's attack on Dodd that several Republican senators reportedly said in February they oppose any government restrictions on executive compensation."
Media Matters - USA Today , LA Times continue to omit Bush Treasury's role in AIG bonus controversy
Media Matters - USA Today , LA Times continue to omit Bush Treasury's role in AIG bonus controversy: "USA Today and the Los Angeles Times reported Republican criticism of the Obama administration over AIG's employee bonus packages but did not point out that it was the Bush Treasury Department that worked with the Federal Reserve in carrying out last year's bailouts and bought AIG stock notwithstanding the existence of these bonus contracts.USA Today and the Los Angeles Times reported Republican criticism of the Obama administration over AIG's employee bonus packages but did not point out that it was the Bush Treasury Department that worked with the Federal Reserve in carrying out last year's bailouts and bought AIG stock notwithstanding the existence of these bonus contracts."
Crain's Daily News Alert prepared for Top Executives
Ignoring Bush Treasury role, Politico reported that Republicans "feel they have a free shot at the Democrats" over AIG
Media Matters - Ignoring Bush Treasury role, Politico reported that Republicans "feel they have a free shot at the Democrats" over AIG
The Politico uncritically quoted top congressional Republicans criticizing the Obama administration over AIG bonuses, reporting that "[h]aving mostly opposed Obama's stimulus plan, the second half of the Troubled Asset Relief Program (TARP) funds and the omnibus spending bill, Republicans feel they have a free shot at the Democrats for anything that goes wrong now." The article did not point out that it was the Bush Treasury Department that worked with the Federal Reserve in carrying out last year's bailouts and bought AIG stocks notwithstanding the existence of these bonus contracts.
The Politico uncritically quoted top congressional Republicans criticizing the Obama administration over AIG bonuses, reporting that "[h]aving mostly opposed Obama's stimulus plan, the second half of the Troubled Asset Relief Program (TARP) funds and the omnibus spending bill, Republicans feel they have a free shot at the Democrats for anything that goes wrong now." The article did not point out that it was the Bush Treasury Department that worked with the Federal Reserve in carrying out last year's bailouts and bought AIG stocks notwithstanding the existence of these bonus contracts.
Limbaugh defends AIG from "lynch mob"
Media Matters - Limbaugh defends AIG from "lynch mob"
In recent days, Rush Limbaugh has defended AIG from a "lynch mob ... demanding heads" over the company's controversial employee retention bonuses.
In recent days, Rush Limbaugh has defended AIG from a "lynch mob ... demanding heads" over the company's controversial employee retention bonuses.
Business, financial, personal finance news - CNNMoney.com
Business, financial, personal finance news - CNNMoney.com: "In bailout nation, AIG has become the company everyone loves to hate. On Capitol Hill on Wednesday, CEO Edward Liddy will hear all about it."
Washington knew AIG was preparing to pay bonuses
Washington knew AIG was preparing to pay bonuses: "Cue the outrage. For months, the Obama administration and members of Congress have known that insurance giant AIG was getting ready to pay huge bonuses while living off government bailouts. It wasn't until the money was flowing and news was trickling out to the public that official Washington rose up in anger and vowed to yank the money back.
Why the sudden furor, just weeks after Barack Obama's team paid out $30 billion in additional aid to the company? So far, the administration has been unable to match its actions to Obama's tough rhetoric on executive compensation. And Congress has been unable or unwilling to restrict bonuses for bailout recipients, despite some lawmakers' repeated efforts to do so."
Why the sudden furor, just weeks after Barack Obama's team paid out $30 billion in additional aid to the company? So far, the administration has been unable to match its actions to Obama's tough rhetoric on executive compensation. And Congress has been unable or unwilling to restrict bonuses for bailout recipients, despite some lawmakers' repeated efforts to do so."
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