Bonus | featured news

Only days after being unable to work things out with a striking union, and forcing us all to devour faux Twinkies for our creamy, spongy sugar fix, the folks at Hostess Brands Inc. are asking for a bankruptcy court to approve up to $1.8 million in bonus payments to top executives.

The Pentagon is investigating a report alleging that more than $92 million in bonuses – supposed to be given to soldiers and civilians who referred enlistees – were actually given to military recruiters who were not eligible for the bonuses, the Washington Post reported Wednesday.

Offering big bonuses to teachers failed to raise students’ test scores in a three-year study released yesterday that calls into question the Obama administration’s push for merit pay to improve education.

Treasury: 17 banks overpaid execs while receiving billions in taxpayer-funded bailout money.

A compensation review of 28 financial companies found that many of the bonus programs that economists said contributed to the financial crisis were still in place.

About 180 county employees in suburban Atlanta are being asked to return thousands of dollars the county says they were overpaid 16 years ago....

An overwhelming majority of Americans wants Wall Street subjected to tougher regulation in the aftermath of the bank bailout and the bonus scandals that have rocked the U.S. financial sector, according to a Harris poll released on Thursday.

Wall Street paid out $20.3 billion in bonuses in 2009, up 17 percent from a year earlier, New York State's comptroller said, as the financial industry recovered fitfully from a near meltdown.

JPMorgan Chase's Jamie Dimon pulled in a roughly $17 million bonus in restricted stock and options for 2009, making him one of the best-paid banking chiefs around.

Two Democratic senators on Thursday proposed legislation that would impose a one-time tax on bonuses paid to executives of companies bailed out with taxpayer money.