ANSWERS: 3
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As of this date any monies given out was approved before Obama took office. As to the first sentence above history shows that false. One of my favorite examples was when K Mart went bellyup the top theifs not only got retained but got huge bonuses as their expertise was needed to guide them. Six months later after the firing of thousand of employees and delisting all of their stock they turned around and bought Sears for nine billon dollars.
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A limit has been established because even failing CEO's often get bonuses in the millions. I agree with you though... if the company is not making money, NO ONE gets a bonus. Period.
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I'm confused. I thought the $500K was not for a bonus but a pay cap for the CEO's of banks or companies that take government money.
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