news logo
Switch to:  zoorag  ·  playrag
Community-driven news and discussions
Submit an article to the Newsrag community:
Offline
Al
Lifetime Interest Score:
99% 
 
 
Banks Use Life Insurance to Fund Bonuses
2 pops!
1,277 view
Submitted 4 years ago
BombTrack says,
This is just outrageous if it is true. For such smart people their greed has got the best of them.
9 people found this interesting. Did you?
Yes  ·  No
Offline
MOD
Article excerpt from wsj.com — "Banks are using a little-known tactic to help pay bonuses, deferred pay and pensions they owe executives: They're holding life- Insurance policies on hundreds of thousands of their workers, with themselves as the beneficiaries. Banks took out much of this life Insurance during the mortgage bubble, when executives' pay -- and the IOUs for...

Read the full article at wsj.com »
Posted 4 years ago
Are these people brain damaged, or what?
 
6 people found this interesting. Did you?
Yes  ·  No
Posted 4 years ago
Coming from the Wall Street Journal, I am gonna go out on a limb and guess they wouldnt BS about this
 
7 people found this interesting. Did you?
Yes  ·  No
Posted 4 years ago
I mean the banks, people have lost their damn minds going to such ends to award people bonuses...
 
5 people found this interesting. Did you?
Yes  ·  No
Posted 4 years ago
PS -- I thought people got bonuses for doing WELL? These people have their businesses in the crapper, who the hell deserves a BONUS for this mess? They should be handing out pink slips not money.
 
3 people found this interesting. Did you?
Yes  ·  No
Add your comment:
Anonymous
user photo
Please log in or register to add your own comment.
 
 
About BombTrack
Bombtrack Ragger
Beverly Hills, CA
43, Male
Joined: December 12, 2007
Level: Columnist (Level 10)
Points: 366,150
Lifetime Interest: 9916, 92%
Today's Interest: 0, 0%
Following: 5
Followers: 28
Al
user photo Offline
rising
user photo Offline
rising
user photo Offline
top
'full_article.php' rendered in 1.7679 seconds on machine '121'.
Please login or register to comment, submit articles, and gain followers!