Word: bonuseers
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...next month or so, financial firms will decide what they will pay their employees in year-end pay. Bonuses at Goldman Sachs, for instance, are on track to average over $650,000 per employee. Many people will get paid much more. Johnson says if Hall had stayed at Citigroup he might have been the only person at a top bank to receive a $100 million payday this year. But plenty of other folks will come close. He estimates that about 100 investment bankers and traders will receive a bonus of $10 million or more...
...schools and by more former soldiers, say observers. As the program stands, participants must teach in a high-need district - one with "a poverty rate of at least 20% or at least 10,000 poor children" - in order to receive the $5,000 cash assistance. And a $5,000 bonus is available to teachers who land in schools where "at least 50% of the students are from low-income families or the school has a large percentage of students who qualify for assistance under the Individuals with Disabilities Education Act." (See pictures of the U.S. troops in Iraq...
Courtney, a co-sponsor of the tentatively named Post-9/11 Troops to Teachers Enhancement Act, wants to enlarge the bonus pool to include all Title I schools (those where fewer than 40% of students come from low-income families); that would - theoretically, at least - offer additional opportunities to older military retirees, who are generally settled in one location and would be inclined to teach at nearby schools that are not currently eligible. At the same time, in order to appeal to younger members of the military who may be returning from Iraq and Afghanistan with fewer than six years...
...authorities in May 2007 offering details on the illegal tax shelters run by UBS, where he had worked since 2001. When he realized that actual practices were violating stated bank policy, he raised his concerns internally; after being rebuffed and later finding himself in a dispute over a bonus payment, he decided to expose the wrongdoing. After talking with the IRS, Justice and the Securities and Exchange Commission and appearing before the Senate - and being told on at least one occasion by DOJ officials that they were not looking to prosecute him - Birkenfeld was arrested in June...
...says dealing with issues like capital regulation is much more important if the E.U. and the rest of the world want to avoid a repeat of the economic meltdown. "But banking business models will not change one bit with these bonus rules because the ability to circumvent [this type of] regulation is unlimited," he says. (See the top 10 financial collapses...