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Barclays Bonuses Rise to Nearly $4 Billion

Barclays Bonuses Rise to Nearly $4 Billion
Amidst an avalanche of Wall Street banks paying fines (instead of being criminally prosecuted by the Department of Justice) for fraud, Barclays is giving out billions of dollars in extra compensation to senior financial staff. Most working people are lucky to get a $50 bonus at the end of the year. ... Read more

A Boom in Corporate Profits, a Bust in Jobs, Wages

By Paul Wiseman Associated Press, July 23, 2011 WASHINGTON — Strong second-quarter earnings from McDonald’s, General Electric and Caterpillar on Friday are just the latest proof that booming profits have allowed Corporate America to leave the Great Recession far behind. Photo: AFP Strong ... Read more