Year-end Bonuses | featured news

Eastman Kodak Co. has filed a request with the district court overseeing its Chapter 11 bankruptcy asking for permission to pay around $13.5 million in bonuses to approximately 300 employees.

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.

Goldman Sachs Group Inc. dished out 47 percent more in pay and bonuses to its employees in 2009 versus the previous year.

Big shareholders at Goldman Sachs have asked the U.S.

A top executive at troubled insurer AIG publicly resigns and says he will donate his entire bonus to charity.

Growing concerns about consequences and a cool reception from the White House prompt delay.

Attorney General Andrew M. Cuomo of New York said 15 of the top 20 bonus recipients in A.I.G.’s financial products division had returned their bonuses.

Documents turned over to the Connecticut attorney general show that American International Group Inc paid out over $218 million in bonuses, more than the previously disclosed $165 million, published reports said on Saturday.

An alarmed industry tells Congress, White House that severe pay restrictions would punish many for the sins of a few and hurt broader economy.

Executives say legislation to severely tax bonuses may imperil the housing recovery program.