Greg Curl, the Chief Risk Officer for Bank of America (NYSE: BAC) and one of the leading internal candidates for the Chief Executive Officer (CEO) position at the bank is currently being sought for additional questioning by the office of New York’s attorney general, Andrew Cuomo. The New York Times reported on Tuesday that the [...]
December 7th, 2009 | John | Comments | ContinuedAll Posts Tagged With: "Guaranteed Bonuses"
Can Guaranteed Bonuses in the Banking Industry Really be Stopped?
The public outcry over huge guaranteed bonuses independent of performance has pressured the Obama administration to attempt to do something about the practice, but the challenges are great if there will ever be any changes made there.
Before we get into all that, it must be mentioned that this is why government shouldn’t in any way, [...]



