Don't Call It a Bonus: Bailout Banks Still Generous to Execs

Some banks are quietly helping their executives to six-figure awards -- some object to the word "bonus" -- even as they take many millions in taxpayer bailout funds, a review of business filings shows. First Horizon Bank in Tennessee gave its incoming Chief Financial Officer a $350,000 award in mid-November, according to a filing with the Securities and Exchange Commission. Just three weeks earlier, the bank announced it would take $866 million from the Treasury Department's Troubled Assets...Full Story
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