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Bonuses

WNYC News

Bigger Bonuses on Wall Street, and a Few New Hires

Wednesday, March 11, 2015

In a sign of the improving economy, bankers and traders took home more money in 2014.

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Listen to Lucy

A lesson from kindergarten on executives’ bonuses

Tuesday, June 03, 2014

A lesson from kindergarten on executives’ bonuses

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Listen to Lucy

Banks should be more like the FT

Monday, May 05, 2014

Banks should be more like the FT

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New Jersey News

Newark Teachers Get $1.3 Million in Performance-Based Bonus Checks

Tuesday, August 27, 2013

WNYC

More than $1.3 million in performance-based bonus checks are being issued to 190 teachers in Newark, N.J.

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WNYC News

Shifting Perceptions of Con Ed, Amid News of Bonuses for Execs

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.

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The Takeaway

Are Holiday Bonuses a Good Investment for Companies?

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.

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WNYC News

Smaller Bonuses for Bank CEOs

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.

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WNYC News

Teacher Bonus Program Is Ineffective, Study Shows

Monday, July 18, 2011

A non-profit group has found that the city's financial bonus program for teachers hasn't improved student achievement.

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WNYC News

NYC Economy Recovering But Deficits Loom for City

Wednesday, December 15, 2010

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.

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The Takeaway

Morici: Citigroup Doesn't Know How to Bank

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.

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The Takeaway

Takeouts: The Week, Congress, Haitian Community

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. 

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The Takeaway

Bank Bonus Week Begins

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.”

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WNYC News

Bloomberg on Wall Street's Bonuses

Friday, January 30, 2009

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 ...

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WNYC News

Where Wall Street IS Main Street

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."

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