B of A And Citi Top Managers Earn $18 Million Each

Investing

Published: October 26, 2009 8:22 am

Last Updated: April 27, 2020 5:59 pm

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Bankers have become more and more adroit at shooting themselves in the foot this year. Congress, the Administration and the public are already upset by actions that they believe caused the credit crisis, forcing the government to pump hundreds of billions of dollars into the financial system. Goldman Sachs (GS) has drawn tremendous criticism because it will probably pay out record bonuses this year.

Now, it turns out that the the managements of flailing firms Bank of America (BAC) and Citigroup (C) paid themselves extravagant sums in 2008

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