Eyeing Revenue, States Try To Predict Billionaires’ Moves
By Elaine S. Povich, Stateline.org WASHINGTON — The wealthiest Americans can move markets at home and abroad with their business decisions. When they sell massive quantities of stock, receive huge bonuses, or suffer crushing losses, those events also can have a significant impact on state finances, especially in small states that collect taxes on income […]
Disciplined IRS Workers Got Bonuses, Time Off
By Becky Yerak, Chicago Tribune More than 2,800 Internal Revenue Service workers who recently had been disciplined received millions of dollars in bonuses and time off as part of an employee recognition program, a new government audit shows. The IRS has a program that rewards its employees for a job well done, but a report […]
Wall Street Bonuses Vs. The Minimum Wage
Purveyors of Ferraris and high-end Swiss watches keep their fingers crossed toward the end of each calendar year, hoping that the big Wall Street banks will be generous with their annual cash bonuses. New figures show that the bonus bonanza of 2013 didn’t disappoint. According to the New York State Comptroller’s office, Wall Street firms […]
Scandal-Hit Barclays Bank Axes Jobs, Raises Bonuses
London (AFP) – Barclays will axe thousands of jobs and raise bonuses for its investment bankers this year, the under-fire British lender announced on Tuesday after posting a return to annual profits. Chief executive Antony Jenkins, who has himself declined a huge bonus as Barclays is probed along with other banks over possible manipulation of […]