Wednesday, March 11, 2015
By Ilya Marritz
Tuesday, August 27, 2013
By Sarah Gonzalez : Reporter, WNYC/NJPR
More than $1.3 million in performance-based bonus checks are being issued to 190 teachers in Newark, N.J.
Friday, April 26, 2013
Con Edison dolled out $600,000 dollars in extra bonuses to several top executives for their "exemplary performance" in 2012. It was an extraordinary year for the utility: There were heat waves, and the powerful storm Sandy to contend with.
Monday, December 10, 2012
When Markus Dohle, the chief executive of Random House, announced at the company holiday party that each and every employee who had been with the company for a year — from top executives to their secretaries — would be receiving a $5,000 bonus, the room erupted in cheers. Dan Ariely, professor of behavioral economics at Duke University, explains the effects of bonuses like these.
Saturday, January 21, 2012
JPMorgan Chase, the nation's largest bank, posted record profit for 2011. Morgan Stanley's latest quarter topped expectations as the bank trimmed costs and cleaned up mortgage-related problems. But CEOs Jamie Dimon and James Gorman aren't taking home bigger bonuses.
Wednesday, December 15, 2010
By Charlie Herman : Business and Economics Editor
New York City’s economy has recovered faster than the state and the nation, but larger than expected city deficits and the slowly recovering national economy could keep unemployment high for years to come.
According to city comptroller John Liu, businesses gained 74,000 jobs in the first 10 months of this year. Restaurants, retailers and health care companies accounted for the majority of the new jobs.
Tuesday, January 19, 2010
Citigroup announced its earnings this morning, ending a three-quarter profit streak with a $7.6 billion loss during the final three months of 2009. This as consumers still struggled to repay loans and the bank managed to repay its government bailout money.
Friday, January 15, 2010
- GOOD WEEK/BAD WEEK: Our regulary segment with The Week Magazine. We reflect on the past seven days to see who had a good week and who didn’t. We’ll take your nominees anytime.
- CONGRESS TAKEOUT: Lawmakers, labor leaders, and President Obama were on Capitol Hill last night saying significant progress has been made towards a final health care bill. Takeaway correspondent Todd Zwillich was there.
- COMMUNITY TAKEOUT: The crisis in Haiti has affected many American Hatians living in New York. Takeaway Correspondent Femi Oke reports from a community center in Brooklyn that has become a hub for sending aid to the country.
Monday, January 11, 2010
Main Street may be fed up with Wall Street's apparent gluttony, but banks are once again awarding huge bonuses. The nation's biggest banks, including Goldman Sachs and Citigroup, are expected to pay some employees year-end bonuses reaching into eight-digit sums. These staggering amounts may irritate the American public, which is still feeling the effects of the recession... but does the public's ire matter? We speak with Eric Dash, who reported on this for The New York Times, and Dan Ariely, professor of behavioral economics at Duke University and author of “Predictably Irrational: The Hidden Forces That Shape Our Decisions.”
Friday, January 30, 2009
By Beth Fertig
President Obama may be swift to condemn excessive greed on Wall Street, but don't expect a similar tone from Mayor Bloomberg. The mayor who made his fortune on Wall Street was asked after his austere budget briefing by a reporter about the issue of excessive bonuses and compensation. "You have ...
Thursday, January 29, 2009
by Isaac-Davy Aronson
President Obama got a bit agitated today over a report showing that, as the economy teetered and the government pumped billions of taxpayer dollars into the ailing financial industry, Wall Street firms doled out $18 billion in bonuses last year. With his treasury secretary, and former New York Fed chief, Tim Geithner beside him at the White House, Obama told reporters:
"That is the height of irresponsibility. It is shameful. And part of what we’re going to need is for the folks on Wall Street who are asking for help to show some restraint and show some discipline and show some sense of responsibility."