Comment by Maureen Sharib on October 31, 2008 at 11:57am

U.S. banks owe billions in pay, pensions to executives: report
(Reuters) - Troubled financial giants getting cash infusions from the U.S. Federal Reserve owe their executives more than $40 billion for past year's pay and pensions as of the end of 2007, the Wall Street Journal said in an analysis. Here.

Comment by Steve Levy on October 31, 2008 at 1:12pm

Hmmm - do we pay or execs or do we take care of our customers????

Comment by Jeff Newman on October 31, 2008 at 2:37pm

As a recruiter though, how do you get it across, in a nice way, that that isn't the case? One of the firms on the street that recently went the way of the Dodo paid in the neighborhood of 50-70% bonuses, even in IT. The firm that took them over is known for 20-30% bonuses in good years. The people I speak to believe the promise that things won't change... As my Dad has said, "An oral promise is worth the paper it is written on..."

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