Tag: Bonuses

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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