Tagged: bonuses

Wall Street compensation battles

With public heat on bonuses at bailed-out Wall Street banks, Citigroup and Bank of American reportedly may be joining Morgan Stanley in raising base salaries to make up for annual bonus limitations.  School of Management Professor Fred Foulkes, director of the Human Resources Policy Institute, can comment on the trend. Contact Fred Foulkes, 617-353-4281, ffoulkes@bu.edu

Dealing with the Merrill Lynch bonuses

School of Law Professor Tamar Frankel, an authority on securities law and legal ethics, says the SEC is in a tough spot reviewing whether bailed-out Bank of America broke the law by not disclosing to shareholders bonuses to executives at Merrill Lynch, which BofA had bought.  She suggests three ways to enforce the law, which could […]

Bonuses for Fannie Mae, Freddie Mac “nauseous”

School of Management Professor James Post, an expert on corporate governance and business ethics, says the $210 million in retention bonuses for employees of bailed-out Fannie Mae and Freddie Mac are inappropriate under the economic circumstances. “The news of retention bonuses at Fannie and Freddie gives me the same nauseous feeling I felt when looking at […]

Anger at AIG bonuses could reshape economic landscape

School of Management Professor James Post, an authority on corporate governance and business ethics, in a BU Today Q&A discusses the impact of the furor over the AIG bonuses and how it could impact both the short-term recovery process and the long-term future of executive compensation in the financial services industry. Contact James Post, 617-353-4162, […]

School of Law professor Cornelius Hurley comments on AIG

     

AIG bonuses: Don’t pay, “let them sue”

Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors, says taxpayer-owned insurance giant AIG should just not pay those executive bonuses and let them sue. “Since the AIG bailout in September, the moribund company has paid out $120B to counterparties and […]

Say ‘no’ to bonuses at bailed-out AIG

Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law (and early in his career responsible for executive compensation at Shawmut National Corporation, now part of Bank of America) says there should be no bonuses at bailed-out insurance giant AIG. “It defies imagination that the Treasury Department would sign off on […]

Bank bonuses: “Give it back, or get out”

School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors, says executives at banks taking taxpayer bailout funds should give back bonuses that flowed from investments in toxic assets that are now crippling the industry. “It is generally understood that […]

Executive bonuses: heads you lose, tails I gain

Tamar Frankel, professor in the School of Law, offers commentary on executive bonuses in a piece written for The Great Debate on Reuters. “The debate over corporate executive bonus payments should be put in perspective.  Some say that the executives did not earn these bonuses and don’t deserve the millions in parting payments that they […]