Word: bonuseer
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There's an uproar about whether the government should let AIG fail, a debate re-energized by the latest revelation of bonus payments going to AIG's executives. In fact, there's a good case to be made that AIG should fail, and it has nothing to do with bonuses...
...rescue of AIG is warping the banking system and unnecessarily extending the credit crisis. This misguided effort stems from a lack of transparency and some basic misconceptions about AIG's business. (Read "Obama's Challenge: Containing the AIG Bonus Outrage...
...White House scrambled on Monday to get ahead of the latest outrage stemming from the bailout of failed corporate behemoth American International Group (AIG): $165 million in bonus pay for executives in one part of the firm, which is now 80% controlled by American taxpayers...
...give doctors a better reason to prescribe electronically, in 2003 the government allowed doctors to be paid a bonus of 2% of their Medicare reimbursement, or up to $5,000 a year, beginning in 2009 if they wrote electronic prescriptions. These incentives will start to phase out in 2011, however, and in 2012, the system will introduce de-incentives: any physician not using e-prescriptions will be penalized by 1% of his Medicare reimbursement...
...slash labor costs by 25% caught the industry by surprise because it breaks with the time-honored tradition of pattern bargaining - in which an agreement by one of the automakers with the union sets the pattern for the others. Earlier this week the CAW gave up a special annual bonus and agreed to a reduction in paid time off in reaching a deal with General Motors. But that deal was criticized by some in the industry as insufficient. Indeed, Ford Motor Co. said Friday it will also reject the GM-CAW deal for not cutting costs enough. (See portraits...