Some Firm Bonus Payouts May Come Earlier For This Year
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In the meantime, The Daily Telegraph reports that the UK government is likely to use the Companies Act 2006 in order to force banks and other publicly-quoted financial institutions to reveal the salary details of all high-earners, even if they don't sit on the main board of directors at their firms.
And for all those US taxpayers who have been moaning about the burden of bailing out the US banking system, The New York Times has calculated that the profits made by the government from the 8 largest banks which have now repaid their state aid comes to a cool $4bn. In addition, the government is sitting on paper profits of $18bn from their equity investments in Bank of America and Citi. Nice.
Finally, Reuters reports that US 'pay czar' Kenneth Feinberg knows a thing or two about making big money, as he was paid $5.76m last year as a partner in Washington law firm Feinberg Rozen LLP.
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