The Shareholders Foundation announces that an investor in shares of PIMCO ETF Trust (NYSEARCA:BOND) filed a lawsuit against Pacific Investment Management Company and PIMCO Investments for alleged breach of fiduciary duty in connection with bonuses paid to certain PIMCO’s Executives. Investors who purchased shares of PIMCO ETF Trust (NYSEARCA:BOND) have certain options and should contact […]
Greedy Goldman Sachs To Pay Record Bonuses: Company Slogan Needs Revision
When I read this story, it was simply too incredible to believe. But since this Administration, as with the last Bush Administration, is far, far more concerned with Wall Street and the "global economy" than Main Street (i.e., the American people and their employers and constituents), absolutely nothing surprises me anymore with any of the […]
Aid Agencies Need Help? Don’t Worry, Goldman Sachs Bonuses Will Come to the Rescue
Last week I heard on the news that many of the ‘helping’ agencies of New York are way down in donations. Like many businesses suffering from the economic downturn, so are the small agencies that run soup kitchens and provide support to the needy. They have seen a severe drop in donations. At […]
Morgan Stanley Cuts Bonuses, Boosts Pay
Back when Congress passed executive pay limits on companies receiving TARP money, experts warned [1] that the restrictions could have the perverse effect of boosting executive salaries. Since Wall Street execs get their millions through bonuses, the limits focused on the size and nature of bonuses that they could pocket, but put no cap on […]
Outraged Over AIG Bonuses Turns To Protest
As many U.S. taxpayers lose their jobs and homes and others struggle just to hold on it seems that the recent bonuses handed out by AIG have put a face on the economic crisis, giving a direction for the public to focus their anger. American taxpayers are outraged by the insurance giant AIG’s use of […]
Obama Wants A.I.G Bonuses Blocked
The President told Treasury Secretary Tim Geithner to use "leverage and pursue every single legal avenue to block these bonuses and make the American taxpayers whole," after learning AIG was going to pay out hundreds of millions to executives. In remarks delivered at the East Room in front of small business owners, Obama said that […]
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