Fujimori Is Found Guilty, Again

Staff / Truthdig Oct 1, 2009 While serving time in a Peruvian clink, Ex-President Alberto Fujimori found time in his schedule to be convicted of corruption. The sentence handed down in his fourth and final trial on charges of illegal activity in office calls for extending his jail stay by six years. Dig deeper ( 1 Min. Read )

Olmert’s Corruption Trial Opens in Israel

Staff / Truthdig Sep 25, 2009 Former Israeli Prime Minister Ehud Olmert is being tried on charges of corruption that allegedly occurred while he was Jerusalem's mayor and later a Cabinet member. Olmert maintains his innocence, claiming a three-year smear campaign forced him to resign as prime minister a year ago. Dig deeper ( 1 Min. Read )

Banking Bandits Get Their Reward

Robert Scheer / Truthdig Aug 5, 2009 By now everybody must know that the top banking executives responsible for our economic meltdown have no shame. Otherwise they would not have dared give themselves such hefty bonuses as a deeply perverse reward for actions that caused millions of Americans to lose their jobs and homes. By now everybody must know that the top banking executives responsible for our economic meltdown have no shame. Dig deeper ( 3 Min. Read )

SEC Fines B of A $33M for Bonus Bust

Staff / Truthdig Aug 4, 2009 It's baffling how $33 million can seem like a relatively small sum lately, but given that it's all that Bank of America will have to pay the SEC for failing to inform investors about the billions in bonuses the bank paid Merrill Lynch executives during B of A's acquisition of Merrill last year, it seems more like a light knuckle-rap than a full-on spanking. Dig deeper ( 1 Min. Read )

Wouldn’t Let Geithner Quit Even if He Tried, Obama Says

Staff / Truthdig Mar 22, 2009 Although Timothy Geithner is under fire from several directions, especially because he failed to stop the AIG executive bonus train from arriving at its destination, President Obama continues to actively support him. In fact, Obama says he wouldn't let Geithner quit even if the treasury secretary tried to do so at this point. Dig deeper ( 1 Min. Read )

AIG Claims It Overpaid Taxes, Sues Government

Staff / Truthdig Mar 21, 2009 Having succeeded in dispensing tens of millions of dollars to company executives last week as the country -- and Congress -- cried foul, the insurance titan is now suing the government to reclaim millions in taxes. Apparently AIG officials believe they paid the IRS too much and now are demanding a huge tax rebate. Dig deeper ( 1 Min. Read )

House Passes Bonus Tax Bill

Staff / Truthdig Mar 20, 2009 After the top brass at AIG couldn't be stopped from dishing out $165 million in bonuses to executives who didn't exactly deserve gold-star treatment, Congress is attempting to recoup most of the money by slapping a 90 percent tax on such executive windfalls. Dig deeper ( 1 Min. Read )

AIG to Dish Out $165 Million in Post-Bailout Bonuses

Staff / Truthdig Mar 15, 2009 The tug of war continues between corporate financial giants and the federal government, and certain members of the former seem to have some trouble adjusting to their post-bailout status. AIG, for example, is still planning to reward its top 400 executives with a whopping $165 million in bonuses this weekend, even after the company was given more than $170 billion from taxpayers to stay afloat. Updated Dig deeper ( 2 Min. Read )

Slapping the Pay Cuffs on Execs

Staff / Truthdig Feb 4, 2009 Amending current TARP rules and regulations, President Obama is expected to put a $500,000 cap on executive salaries at companies that receive large amounts of bailout funds. It would mean major pay cuts for the likes of Bank of America CEO Kenneth Lewis, who took home more than $20 million in 2007. Dig deeper ( 1 Min. Read )

Bailed-Out Bank Execs to Live It Up in Vegas

Staff / Truthdig Feb 4, 2009 What's a bunch of Wells Fargo bigwigs to do now that their struggling bank has gotten a whopping $25 billion from the federal government? Two words: Vegas, baby. Update Dig deeper ( 1 Min. Read )

New York’s A.G. Subpoenas Bank Execs Over Bonuses

Staff / Truthdig Jan 28, 2009 New York Attorney General Andrew Cuomo sent out subpoenas to Bank of America's Chief Administrative Officer J. Steele Alphin and recently ousted Merrill Lynch Chief Executive John Thain on Tuesday to look into hefty bonuses paid to Merrill Lynch higher-ups late last year -- even as the company was bleeding billions in losses. Dig deeper ( 1 Min. Read )

N.Y. Attorney General Goes After AIG

Staff / Truthdig Oct 17, 2008 It would seem imprudent, given the government's recent and unprecedented bailout of companies such as insurance giant AIG, for the likes of AIG to even entertain the idea of hefty executive payouts. Dig deeper ( 1 Min. Read )