bonuses http://mrc.org/taxonomy/term/4515/all en BonusGate? 'If You're Mad at Wall Street Look at Some of These Regulators' http://mrc.org/articles/bonusgate-if-youre-mad-wall-street-look-some-these-regulators <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/anthony-kang">Anthony Kang</a> </div> </div> </div> <p>The liberal media’s favorite targets – Wall Street “fat cats” – have endured a firestorm of outrage and attack over bonuses since the financial meltdown. As some, like CNBC contributor Rick Santelli pointed out however, part of the screaming is the result of it is Obama and the White House whipping up political outrage. </p><p>Now we’ll have a chance to see if it’s also selective outrage.</p><p><a href="http://mrc.org/articles/bonusgate-if-youre-mad-wall-street-look-some-these-regulators" target="_blank">read more</a></p> Articles MRC Business Economy bonuses ericbolling FDIC Fox Thu, 18 Mar 2010 18:38:44 +0000 admin 27361 at http://mrc.org 'Clueless' Obama's Lost Krugman: 'We're Doomed' http://mrc.org/articles/clueless-obamas-lost-krugman-were-doomed <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Liberal columnist Paul Krugman reads Obama&#039;s interview with Business Week involving big bonuses for Wall Street CEOs and asks, &quot;how is it possible, at this late date, for Obama to be this clueless?&quot; </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/clay-waters">Clay Waters</a> </div> </div> </div> <p>Confirmed: Obama has lost Paul Krugman. Back on <a href="/timeswatch/articles/2010/20100122102816.aspx">January 20</a>, the Times' respected economist-turned-liberal hack columnist faulted Obama for failing to aggressively defend his health care scheme in the wake of the shocking G.O.P. win in Massachusetts: "I'm pretty close to giving up on Mr. Obama, who seems determined to confirm every doubt I and others ever had about whether he was ready to fight for what his supporters believed in."<br /></p><p><a href="http://mrc.org/articles/clueless-obamas-lost-krugman-were-doomed" target="_blank">read more</a></p> Articles TimesWatch Bankers BarackObama bonuses liberalmediabias NewYorkTimes NewYorkTimesbias PaulKrugman TimesWatch WallStreet Thu, 11 Feb 2010 18:14:00 +0000 admin 7364 at http://mrc.org ABC's Robin Roberts Lauds Pay Czar for Slamming CEOs: 'We Can Feel the Fire in Your Belly'' http://mrc.org/bias-alerts/abcs-robin-roberts-lauds-pay-czar-slamming-ceos-we-can-feel-fire-your-belly <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/scott-whitlock">Scott Whitlock</a> </div> </div> </div> <div style="float: right;"><img height="180" width="240" src="http://www.mrc.org/biasalert/uploads/2010-02-03-ABC-GMA-Roberts[1].jpg" /></div><p>Good Morning America co-host Robin Roberts didn't even try for objectivity on Wednesday when she talked to pay czar <a href="http://www.nydailynews.com/money/2010/02/03/2010-02-03_as_aig_preps_to_pay_100m_bonuses_pay_czar_denies_republican_claims_that_aig_outs.html">Kenneth Feinberg</a> about his attempts to stop AIG CEOs from receiving bonuses.</p><p><a href="http://mrc.org/bias-alerts/abcs-robin-roberts-lauds-pay-czar-slamming-ceos-we-can-feel-fire-your-belly" target="_blank">read more</a></p> BiasAlerts News Analysis Division abc BiasAlert bonuses GoodMorningAmerica liberalmediabias RobinRoberts Wed, 03 Feb 2010 22:20:00 +0000 35638 at http://mrc.org 'World News' Plays Populism Card: Bashes Wall St. Bonuses; Ignores Fannie, Freddie http://mrc.org/articles/world-news-plays-populism-card-bashes-wall-st-bonuses-ignores-fannie-freddie <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p>Just in time for what they call “bonus season,” ABC’s “World News” treated its viewers to a little anti-Wall Street populism Sunday night.</p><p>&nbsp;</p> <p>On “World News” Jan. 10, weekend anchor Dan Harris explained there was “backlash” against Wall Street for bonuses that haven’t even been paid out yet. But the ABC report made no mention of bonuses <a href="http://businessandmedia.org/articles/2010/20100106131914.aspx"></a>paid to Fannie Mae and Freddie Mac executives.</p><p>&nbsp;</p><p><a href="http://mrc.org/articles/world-news-plays-populism-card-bashes-wall-st-bonuses-ignores-fannie-freddie" target="_blank">read more</a></p> Articles MRC Business Business Economy backlash BankofAmerica bonuses bonusseason CNBC DanHarris ErinBurnett FannieMae FreddieMac GoldmanSachs JAmesReda Populism StephanieSy WallStreet WorldNews Mon, 11 Jan 2010 15:26:19 +0000 admin 27471 at http://mrc.org Networks Downplay $42 Million in 'Outrageous' Bonuses, 'Unlimited' Bailout of Fannie, Freddie http://mrc.org/articles/networks-downplay-42-million-outrageous-bonuses-unlimited-bailout-fannie-freddie <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> </div> </div> <p>The network news media cheered when Obama called for restrictions on CEO pay or bonuses that, according to reporters, exemplify the Wall Street “greed” that toppled the American economy.</p><p>But when $42 million in cash compensation packages were announced on Christmas Eve for Fannie Mae and Freddie Mac executives, the networks couldn’t muster any anger toward the highly connected groups. Although Fannie and Freddie were two government-sponsored enterprises whose excessive risk taking contributed significantly to the housing crisis, the networks barely reported the story at all.</p><p><a href="http://mrc.org/articles/networks-downplay-42-million-outrageous-bonuses-unlimited-bailout-fannie-freddie" target="_blank">read more</a></p> Articles MRC Business Business abc Bailout BarneyFrank bonuses cbs ChrisDodd ExecutiveCompensation FannieMae FreddieMac NBC obama PeterMorici Regulation Salaries taxpayers TimGeithner Wed, 06 Jan 2010 19:28:05 +0000 admin 27477 at http://mrc.org 'Today' Slams Citi for Trying to Switch from Bonuses to Salary Hikes http://mrc.org/articles/today-slams-citi-trying-switch-bonuses-salary-hikes <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> <div class="field-item even"> <div class="field-label-inline"> By</div> <a href="/author/catherine-maggio">Catherine Maggio</a> </div> </div> </div> <p>Just last year the government claimed bailouts of major banks like CitiGroup were necessary to prevent economic collapse. But now that banks are turning a profit NBC is returning to attacks on pay.</p><p>A June 24 segment of “Today” attacked CitiGroup’s “internal discussions” to raise salaries (by 50 percent in some cases) and other major banks with footage from the 1987 movie “Wall Street,” AIG protest footage and an unemployed <st1:state w:st="on"><st1:place w:st="on">Michigan</st1:place></st1:state> woman.</p><p><a href="http://mrc.org/articles/today-slams-citi-trying-switch-bonuses-salary-hikes" target="_blank">read more</a></p> Articles MRC Business Business AIG Bailout bonuses BrianWilliams Citigroup compensation GordonGekko JeffreyHart JimCramer MainStreet MarthaSchwartz MelissaLee MeredithVieira pay TodayShow WallStreet Wed, 24 Jun 2009 20:10:24 +0000 admin 26728 at http://mrc.org Fox News Host Beck Slams Connecticut AG: 'You are an Insult to George Washington' http://mrc.org/articles/fox-news-host-beck-slams-connecticut-ag-you-are-insult-george-washington <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p>Fox News Channel host Glenn Beck has already shown he’s a rating success and is leaving a mark in cable news. However, he may have pulled one of his most successful performances yet.</p><p>&nbsp;</p> <p>Beck interviewed Connecticut Attorney General Richard Blumenthal on his March 30 broadcast. But, the radio and TV host took the opportunity to tell Blumenthal what he thought of his investigation into the bonuses received by American International Group (AIG) executives – whose company received federal bailout money.</p><p>&nbsp;</p><p><a href="http://mrc.org/articles/fox-news-host-beck-slams-connecticut-ag-you-are-insult-george-washington" target="_blank">read more</a></p> Articles MRC Business AIG bonuses FoxNews GeorgeWashington GlennBeck Mon, 30 Mar 2009 23:30:42 +0000 admin 26884 at http://mrc.org Times Forgets Sen. Dodd Is a Democrat http://mrc.org/articles/times-forgets-sen-dodd-democrat <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> There was only one thing missing from the paper&#039;s front-page story on the backlash against Sen. Chris Dodd&#039;s A.I.G. bonus-guarantees: His Democratic party affiliation. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/clay-waters">Clay Waters</a> </div> </div> </div> <p style="MARGIN: 0in 0in 0pt">Two stories in the lead story box Friday, both related to the populist fury over the bonuses granted to employees of the American International Group (A.I.G.) - $165 million in bonuses granted to 463 employees, on top of the $170 billion of tax money already given to prop up the stricken insurance firm. </p><br /> <p style="MARGIN: 0in 0in 0pt"></p><p><a href="http://mrc.org/articles/times-forgets-sen-dodd-democrat" target="_blank">read more</a></p> Articles TimesWatch AIG Bailout bonuses DoubleStandards LabelingBias NewYorkTimes NYTimes Sen.ChrisDodd TimesWatch TimesWatch.org Fri, 20 Mar 2009 19:11:00 +0000 admin 6729 at http://mrc.org Santelli: AIG Bonuses Only Millions, Let's Focus on Billions and Trillions http://mrc.org/articles/santelli-aig-bonuses-only-millions-lets-focus-billions-and-trillions <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p>Since his now-famous Chicago Tea Party outburst from the floor of the Chicago Mercantile Exchange in February, CNBC’s Rick Santelli had seemingly disappeared from the spotlight.</p><p>&nbsp;</p> <p>However, on CNBC’s March 17 “Squawk Box,” Santelli, using similar theatrics, noted that the Obama administration as been very concerned about $165 million in bonuses paid out to American International Group (AIG) executives, even though they were recipients of bailout money from the Troubled Asset Relief Program (TARP). </p><p>&nbsp;</p><p><a href="http://mrc.org/articles/santelli-aig-bonuses-only-millions-lets-focus-billions-and-trillions" target="_blank">read more</a></p> Articles MRC Business Business AIG BeckyQuick bonuses CNBC obama outrage Populism RickSantelli SquawkBox TeaParty Tue, 17 Mar 2009 18:17:43 +0000 admin 26906 at http://mrc.org Congress and Excess http://mrc.org/bozells-column/congress-and-excess-0 <div class="field field-type-text field-field-subtitle"> <div class="field-items"> <div class="field-item odd"> Outrage burst forth from lawmakers in Washington when the story broke that insurance giant AIG still planned to dole out $165 million in bonuses to executives while it teeters near bankruptcy, kept afloat by taxpayers. </div> </div> </div> <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/l-brent-bozell-iii">L. Brent Bozell III</a> </div> </div> </div> <p>Outrage burst forth from lawmakers in Washington when the story broke that insurance giant AIG still planned to dole out $165 million in bonuses to executives while it teeters near bankruptcy, kept afloat by taxpayers. But the outrage is mostly coming from hypocrites. Just days earlier, President Obama signed an omnibus spending bill with $12.8 billion in self-serving earmarks for legislators during the economic crisis. How can the president and Congress lecture AIG? Don't the earmarking hogs look like hypocrites? <br /> </p><p><a href="http://mrc.org/bozells-column/congress-and-excess-0" target="_blank">read more</a></p> Bozell's Column News Analysis Division AIG bonuses ChrisCuomo taxpayers Tue, 17 Mar 2009 10:11:46 +0000 admin 4658 at http://mrc.org 'Nightly News' Decries Wall Street Salaries, Hails FDR-Style Regulation http://mrc.org/articles/nightly-news-decries-wall-street-salaries-hails-fdr-style-regulation <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp; The media onslaught against Wall Street continued Oct. 27 in a NBC “Nightly News” segment slamming executive compensation and calling for more regulation of the financial sector. </p><p>&nbsp;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp; CNBC correspondent David Faber explained why some Wall Street firms want to keep executive bonuses at current levels – which averaged between $110,000 and $210,000 per employee, according to the report – even when taking part in the $850 billion taxpayer bailout Congress passed in September.</p><p><a href="http://mrc.org/articles/nightly-news-decries-wall-street-salaries-hails-fdr-style-regulation" target="_blank">read more</a></p> Articles MRC Business Business BarneyFrank bonuses CEOPay CNBC DavidFaber ExecutiveCompensation FDR GoldmanSachs MerrillLynch MorganStanley NBC NewDeal NightlyNews Regulation TomCostello WallStreet Tue, 28 Oct 2008 12:52:56 +0000 admin 25825 at http://mrc.org Government-Sponsored Enron http://mrc.org/special-reports/government-sponsored-enron <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/dan-gainor">Dan Gainor</a> </div> </div> </div> <p><a href="http://www.mrc.org/bmi/reports/2005/GovernmentSponsored_Enron_Executive_Summary.html">See Executive Summary</a></p> <br /> <p>It's a familiar story. An enormous company reveals its 'accounting problems.' The problems are found to be far worse than anyone realized. The CEO is forced to resign. Other high-ranking executives follow. The stock price begins to drop. Billions of dollars might be lost. The politically savvy CEO even has direct connections to a presidential administration.</p><p><a href="http://mrc.org/special-reports/government-sponsored-enron" target="_blank">read more</a></p> Special Reports MRC Business 2002 2003 2004 2005 202 567 abc abcs absentee absorb accounting administration advantages african american analysis analysts appears article asked attention attorney bail bankrupt banks beating began big billion board bonuses broadcast Brokaw Budget bush business buy calamity call called campaign capital carlson cbs CEO chairman charter chief citizens clinton close CNN collapse committee company companys congress congressional connections contributors corporate correct corrupt coverage created Credit criticized cushion day deal debacle dec Decline didnt director dollar dollars dream drop dropped earnings economic efforts employees energy enjoys enormous Enron enrons enterprise errors evening exchange executive executives experts explained explaining faced failure familiar fannie fannies fastow feb federal fiasco figures financial firms focus franklin freddie front future Gasparino gave generous Giant gorelick government greenspan gregory GSE GSEs guaranteed hasnt havens high Hispanic hits home homebuyer homebuyers homes House housing huge implicit implied including incredible inherently inquiries investigation jamie jan journal Journalists Kerry key landlords larger largest lay lexisnexis Loans lobbying lose loss losses mac made mae maes manage management March market medias million months mortgage mortgages national NBC network networks news nightly numbers obrien oct offered office officer options oversight overstated paid people percent perception period perspective peter pinkston policy political politically portfolio post president print private problems produced public put question raines rainess received regulator report reported reporter response resulted revealed rightly risky Scandal search secondary secretary sector share Shareholders show similar situation spent sponsored stock story street strong subsidy tax taxpayers term things ties Today tom tonight top treasury vacation ventures vice victims volatility wall washington waste week werent white wondered words work workers world worse year years york Sat, 02 Apr 2005 00:54:00 +0000 admin 30552 at http://mrc.org