by Associated Press Published: February 8,2011
Tags: bonuses, FDIC
Federal regulators have proposed making top executives at large financial firms wait at least three years to be paid half of their annual bonuses, a move designed to cut down on risky financial transactions.
The Federal Deposit Insurance Corp. voted Monday to advance the rule, which builds on more general requirements in last year’s financial regulatory [...] [...]
Amid department-wide layoffs, furloughs and pay reductions at the Colorado Springs Gazette, Publisher Steve Pope received two bonuses totaling $30,000.
Bonuses to Pope, who took his job earlier this year, were among $3.7 million in management by objective bonuses paid to top Freedom Communications executives during the past year, according to the Colorado Springs Business Journal’s [...] [...]