32 billion dollars given out for ceos of banks! is this right?
out of 175 billion, making it about 20% or all money!! do people in america have heads up butts to allow this? this is bonus money
- 1 decade agoFavorite Answer
no, This does not represent CEO's This represents all bonuses to all employees paid to TARP bank recepiants. The problem that is that a portion of these bonuses are actually contractally commission.
For Example: Citi's Andrew Hall might make $100M in contractual bonus (commission). He has brought in over $2 Billion (over the past 5 year) a nice return on investment from 1 person.
I do agree there are people that probably don't deserve the bonuses in these companies, but its not a black and white statement.
Some CEO have decided not to be paid this year. Also, this includes bonuses paid in stock, not just cash.Source(s): Wall Street Journal Seeking Alpha