NEW YORK AP - A Wall Street firm loses billions of dollars, nearly destroying its business and crippling the nation's economy. But top executives still receive huge bonusesAs crazy as that sounds to most Americans, paying such bonuses even after a company suffers big losses is common practice on Wall Street, and it's at the heart of the outrage surrounding insurer AIG.
March 18, 2009 at 12:00 AM
1 minute read
NEW YORK AP – A Wall Street firm loses billions of dollars, nearly destroying its business and crippling the nation’s economy. But top executives still receive huge bonuses
As crazy as that sounds to most Americans, paying such bonuses even after a company suffers big losses is common practice on Wall Street, and it’s at the heart of the outrage surrounding insurer AIG.
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