Bonus-Season Backlash

It's bonus season on Wall Street and, as millions of Americans struggle to find work and pay their mortgages, bonus backlash seems inevitable. "The bonuses for this year, for performance in '09, will be record-busting numbers," says James Reda, an executive compensation consultant. Christine Romer, head of the White House Council of Economic Advisers, expressed frustration at the idea of big bonuses. "We've provided extraordinary aid and the idea that, as the financial system heals, the...Full Story
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