Your English writing platform
Discover LudwigSuggestions(1)
Exact(1)
Not all companies that offer such bonuses pay out big money.
Similar(59)
Shareholders have sued Bank of America, for example, for failing to disclose billions in losses and bonuses paid out at Merrill Lynch before the merger.
OVER at Free Exchange there is an interesting discussion taking place about the bonuses paid out to AIG employees (see here and here).
When the fine was announced last week, Hampton said the bank was considering whether to ask former directors to voluntarily repay bonuses paid out in the past.
Channel 4 chairman Lord Burns has defended the six-figure bonuses paid out to its senior executives despite falling short of audience targets last year.
Altogether, the bonuses paid out to top staff at Merrill Lynch could easily cover the entire cost of maintaining staff levels at both Barts and the Royal London.
The law may be much less effective in recouping bonuses paid out by banks like Merrill Lynch and Bank of America because they are not considered undercapitalized.
Controversy over City bonuses will be reignited this week when Barclays admits it paid its staff more than last year, fuelling predictions that the amount of bonuses paid out across the Square Mile since the 2008 crisis could soon hit £80bn.
As Betsy Andreu is quick to point out, Armstrong has two major lawsuits coming up – SCA promotions are seeking the repayment of bonuses paid out for his multiple Tour wins, and Floyd Landis' federal whistleblower suit.
Now he is tussling with the Securities and Exchange Commission and Bank of America, which will both file reports to him Monday detailing who knew what about $3.6 billion in bonuses paid out by Merrill Lynch just before Bank of America took it over last year.
"The chancellor's austerity message has failed to reach the City, where a small clique of super-rich bankers has grabbed 40% of all bonuses paid out in the UK," he said.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com