Word: reliefers
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...that AIG had paid millions of dollars in retention bonuses to executives of the company. Documents later turned over to the Connecticut Attorney General show that the actual figure was $218 million. To date, the government has loaned AIG $170 billion from various financial assistance efforts, including Troubled Asset Relief Program ("TARP"), in exchange for an 80 percent stake in the company. However, in apparent disregard of its unmatched failure, AIG chose to honor its employee's compensation agreements, and awarded multi-million dollar bonus to its executives...
...problem is that Citi's payment plan is not consistent with executive-compensation rules put into place by the stimulus package. The American Recovery and Reinvestment Act signed by Obama on Feb. 17 says banks that have received money from the government's $700 billion Troubled Asset Relief Fund are barred from paying cash bonuses to their top executives. They can pay stock bonuses equal to as much as a third of an employee's salary, but the employee is not allowed to sell those shares until the government's money is paid back by their company...
This stretch of matchups through spring break will come as a welcome relief to the Crimson, who has not competed for nearly two weeks...
...Colombo, Sangakkara's team is back in action. "It has been actually a relief to get back to practice, to get to the field and do what we do," says Sangakkara, who wants a professional security assessment before every tour. "We have been pushing for pre-tour assessment for some time, for a manager to tour the host country and report on ground conditions, practice facilities, travel time...
...Dominique Reynié, director of Paris think tank Foundation for Political Development. "The anti-Sarkozy front has gotten so wide and even trendy that it's blinding people to hard realities. First, France's 74% debt to GNP level can't go higher without collapsing, so the margin for relief effort is tiny. Second, the recession is causing pain worldwide, yet the French are the only ones protesting. The problem may not be Sarkozy." But for now, at least, he's the one France is choosing to blame...