Stock woes cause Aflac executives to trim, give up bonuses

Aflac Chairman and CEO Daniel P. Amos is giving up his 2008 bonus —- a payout that would have netted him $2.8 million —- because of the Columbus-based supplemental insurer’s depressed stock price.
Kriss Cloninger III, the company’s president and chief financial officer, is reducing his bonus by 35 percent or about $477,000.
The announcements, made after the close of markets Monday, come even though Aflac executives Read the rest of this entry »

February 21, 2009 | , , , , , , ,
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PNC pays bonuses to execs after getting TARP money

* Bonuses awarded after $7.6 billion TARP infusion
* PNC calls awards "reasonable and advisable"
(New throughout, adds byline)
NEW YORK, Feb 13 (Reuters) - PNC Financial Services Group
Inc (PNC.N:
,
,
) said on Friday it has awarded bonuses for 2008 to
its chief executive and other top officers, becoming the
largest recipient of taxpayer money under the government's $700
billion Troubled Asset Relief Program to do so.
Chief Executive Read the rest of this entry »

April 12, 2008 | , , , , , ,
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Bonuses may be economic casualty or an incentive depending on …

NEW YORK — The year-end bonuses or holiday gifts that many small business employees are hoping for may end up a casualty of the stumbling economy as owners decide they can't afford them. But at some companies, bonuses are turning into incentives to help boost sales and profits.
While some business owners budget early in the year for bonuses or gifts, many don't start thinking about what or how much they'll give their staffers until the fourth Read the rest of this entry »

November 12, 2007 | , , , ,
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Obama Calls Bonuses ‘Shameful’ as Dodd Vows to Reclaim Money

Jan. 29 (Bloomberg) -- President
fed a swelling
populist revolt against Wall Street bonuses, calling it
“shameful” that banks doled out $18.4 billion as taxpayers
bail out companies and the U.S. remains mired in a recession.
The bonuses are “the height of irresponsibility,” Obama
said today before meeting Treasury Secretary
at the White House. Firms need to
“show some restraint and show some discipline,” Obama said.
, who today Read the rest of this entry »

March 19, 2007 | , , , , , , ,
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