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The Obama administration has promised to set a $500,000 cap on executive pay at companies that receive bailout money, [85] directing banks to tie risk taken to workers' reward by paying anything further in deferred stock. [86]
The Emergency Economic Stabilization Act created the Troubled Asset Relief Program to administer up to $700 billion. Several oversight mechanisms are established by the bill, including the Congressional Oversight Panel, the Special Inspector General for TARP (SIGTARP), the Financial Stability Oversight Board, and additional requirements for the Government Accountability Office (GAO) and the ...
The Fed announced that it would begin paying such increased interest on both reserve and excess reserve balances on October 6, 2008. [136] Banks immediately increased the amount of their money on deposit with the Fed, up from about $10 billion total at the end of August 2008, to $880 billion by the end of the second week of January 2009.
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Meanwhile, those with a master’s degree in mathematics and statistics walked into jobs paying upwards of $83,000. However, even those with a mathematics and statistics bachelor’s degree ...
Here are some major companies that pay off student loans on behalf of their employees and how the programs work. 1. Aetna ... The benefit has a lifetime cap of $10,000. 3. Andersen Global.
The Optimal SUS fund, one of Madoff's largest feeder funds, [83] agreed to pay $235 million, about 85% of the $285 million that the Geneva-based hedge fund group redeemed in the 90 days before Madoff was arrested. As of December 2008, Santander had $3.2 billion of clients' money invested with Madoff, a relationship that started in 1996.
In the end, some AIG employees, including 15 out of the 20 top executives of the company, paid back the bonuses they received to the company. In total, 50 million dollars in bonuses paid were returned to AIG. [4] Following this announcement, House Majority leader Steny Hoyer concluded that the scandal did not warrant a legislative response. [5]