House passes bill to recoup controversial AIG bonuses

03/20/2009 | Reuters · Bloomberg · Washington Post, The

The House on Thursday approved legislation that would implement a 90% tax on executive bonuses at companies that received more than $5 billion in federal aid. The legislation comes after American International Group paid millions in bonuses despite receiving bailout money from taxpayers. Sen. Jon Kyl, R-Ariz., blocked a similar bill in the Senate, saying more information is needed. The House Financial Services Committee will consider prohibiting bonuses at firms that receive rescue funds, said Chairman Barney Frank, D-Mass.

View Full Article in:

Reuters · Bloomberg · Washington Post, The

Published in Brief:

SmartBrief Job Listings for Business

Job Title Company Location
Director, Workforce
Arlington, VA
Administrative Management Specialist
Smithsonian Institute
Washington, DC
Manager, Human Resources
Florence, KY
Generalist - Human Resources
Marriott Hotels Resorts
Brooklyn, NY
Admissions - Assistant Director
The Art Institutes
Novi, MI