Save Our State  

Go Back   Save Our State > Priority Topics Section > The Economy

The Economy Topics and information relating to the economy affecting SOS associates

WELCOME BACK!.............NEW EFFORTS AHEAD..........CHECK BACK SOON.........UPDATE YOUR EMAIL FOR NEW NOTIFICATIONS.........
Reply
 
Thread Tools Display Modes
  #1  
Old 10-19-2009, 10:37 AM
ilbegone's Avatar
ilbegone ilbegone is offline
Senior Member
 
Join Date: Oct 2009
Posts: 2,068
Default Dodd says Wall Street compensation is outrageous

Dodd says Wall Street compensation is outrageous


Quote:
The Associated Press

7:46 a.m. October 18, 2009

WASHINGTON — Financial companies that were shored up by taxpayer money are now paying their employees big bucks in compensation and benefits.

The chairman of the Senate Banking, Housing and Urban Affairs Committee says that's a source of outrage in the country.

One company that has received government money, Goldman Sachs, has said it has set aside $16.7 billion for compensation so far this year. That's more than a half-million dollars per employee.

Democratic Sen. Chris Dodd of Connecticut says such companies need to understand that what they are doing is an outrage. Dodd says the government should look into taking action to get those companies to back up and reconsider what they are paying out.

Dodd appeared Sunday on NBC's "Meet the Press."

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

WASHINGTON (AP) – Financial companies that were shored up by taxpayer money are now paying their employees bug bucks in compensation and benefits.

The chairman of the Senate Banking, Housing and Urban Affairs Committee says that's a source of outrage in the country.

One company that has received government money, Goldman Sachs, has said it has set aside $16.7 billion for compensation so far this year. That's more than a half-million dollars per employee.

Democratic Sen. Chris Dodd of Connecticut says such companies need to understand that what they are doing is an outrage. Dodd says the government should look into taking action to get those companies to back up and reconsider what they are paying out.

Dodd appeared Sunday on NBC's "Meet the Press."
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -8. The time now is 12:09 PM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright SaveOurState ©2009 - 2016 All Rights Reserved