The way to make $100 million dollars on Wall Street, so the old joke goes, is to start with $200 million. Or you could trade oil
Tag Archives: Citigroup
Citigroup Plans Big Bonuses Despite Rules Against Them
AIG isn’t the only bailed-out financial firm paying big bucks to managers who helped steer their company to near collapse. Citigroup has pledged millions of dollars in bonuses to senior executives for the next few years, despite lawmakers efforts to eliminate such payments. It’s not clear whether the bonuses, which Citigroup says are for 2008 but won’t start paying out until 2010, will be allowed.