The debate raging in Switzerland this week over bonuses UBS might pay employees pales next to the amounts paid out by financial groups in New York in 2008: $18 billion, a report from the state comptroller lists. The New York Times calls it the six largest such payout on record and says it is seen as “outrageous” and raises transparency and governance issues for many “experts, and indeed many ordinary Americans.”
Posted by Ellen Wallace on 29 January 2009 at 12:20 |
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This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 29 January 2009.
Filed under: World news
Tags: bankers, bonuses 2008, finance
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