Will All Of The Top Management On Wall St. Work For $1 A Year?

Banking, finance, and taxes

Published: June 8, 2009 5:19 am

Last Updated: April 28, 2020 10:28 am

mack The Administration is looking at further pay caps for executives on Wall St. and the auto industry. The reasoning is that if a company takes government money, the government should have a say in management pay. That does not leave corporate boards much to do, even those being put into Bank of America (BAC) and Citigroup (C) under pressure from the Treasury, Fed, and FDIC.

According to several media reports the Administration means to appoint a “pay czar” to track compensation at companies that have received taxpayers dollars.

It is good that most Wall St. CEOs are already multi-millionaires. Based on what they were able to make in the past, the new system will be close to $1 a year.

Douglas A. McIntyre

The Average American Has No Idea How Much Money You Can Make Today ^(Sponsor)

The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.

But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

¹https://www.fdic.gov/national-rates-and-rate-caps