Top executives at failed bailed-out banks who were given millions in stock are set to make millions as stocks rebound. Some of the institutions listed are firms like Goldman Sachs Group Inc, JPMorgan Chase & Co, Morgan Stanley, Bank of America Corp and Citigroup.
The numbers are huge, as you might imagine, and frustrating in a time where most of us are struggling and unemployment continues to climb. Five of the top executives at 10 financial institutions that benefited from the taxpayer backed bailout have seen their stock rise (as in an increase over value) 90 million dollars!
So, perhaps there has been talk about curbing the big bonus system of big finance, but in reality, nothing has changed.http://www.reuters.com/article/ousiv/idUSTRE5810O320090902
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