TARP Bonuses

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Dictionary Says

Definition of 'TARP Bonuses'

A buzzword coined by the financial media during the financial crisis of 2008/09 to describe bonuses paid to employees and executives of banks and other financial firms that received Troubled Asset Relief Program (TARP) funds. TARP bonuses were controversial because employees were receiving additional pay even as their companies required bailout funds.
Investopedia Says

Investopedia explains 'TARP Bonuses'

Companies argue that they have to pay bonuses to retain talent. But critics contend that because the companies led by the executives in question were being rescued with taxpayer money, the bonuses were not well-deserved and the recipients should not be considered "talent". 

On March 19, 2009, the House approved a bill to create legislation that would put a 90% tax on bonuses earned during the 2008 year. This tax would apply to banks receiving TARP bailout funds of more than $5 billion. This legislation was created in response to the public anger surrounding $165 million in bonuses that was paid to traders in the AIG Financial Products (A.I.G.F.P.) division, the division responsible for the majority of losses surrounding the fall of A.I.G.
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'TARP Bonuses'

  • IberiaBank Kicks Off TARP Backlash

    http://stocks.investopedia.com/stock-analysis/2009/IberiaBank-Kicks-Off-TARP-Backlash-IBKC0302.aspx
    ... CPP) as part of the Troubled Asset Relief Program (TARP) to help ... dividends, and Congress
    has since pressured banks on employee bonuses, executive compensation ...

  • Liquidity And Toxicity: Will TARP Fix The Financial System?

    http://www.investopedia.com/articles/economics/08/tarp-financial-system.asp
    ... bonuses may be forfeited if it is later proved that earnings were materially inaccurate.
    (For related reading, see Evaluating Executive Compensation.) TARP ...

  • 5 Reasons For Corporate Thanksgiving Slideshow | Investopedia

    http://www.investopedia.com/slide-show/be-thankful/tarp-babies.aspx
    ... indeed be thankful this year, especially as bonuses are still being handed out.
    There are quite a few taxpayers who would like to see TARP recipients not only ...

  • 5 Reasons For Corporate Thanksgiving Slideshow | Investopedia

    http://www.investopedia.com/slide-show/be-thankful/tarp-payback.aspx
    ... indeed be thankful this year, especially as bonuses are still being handed out.
    There are quite a few taxpayers who would like to see TARP recipients not only ...

  • Big Banks Doling Out Big Salaries

    http://stocks.investopedia.com/stock-analysis/2009/Big-Banks-Doling-Out-Big-Salaries-C-UBS-MS0629.aspx
    ... to compensate their employees with large pay raises rather than bonuses, there are ...
    Also, in order for the American government to see those TARP funds paid back ...

  • Don't The Banks Deserve An Apology?

    http://stocks.investopedia.com/stock-analysis/2009/Dont-The-Banks-Deserve-An-Apology-BAC-C-JPM-WFC-GS-MS1229.aspx
    ... that the Wall Street "fat cats" who authorized extraordinary bonuses were to blame ...
    of $160 billion, approximately a quarter of the total TARP allocations, the ...

  • 5 Reasons For Corporate Thanksgiving Slideshow | Investopedia

    http://www.investopedia.com/slide-show/be-thankful
    ... indeed be thankful this year, especially as bonuses are still being handed out.
    There are quite a few taxpayers who would like to see TARP recipients not only ...

  • 5 Reasons For Corporate Thanksgiving Slideshow | Investopedia

    http://www.investopedia.com/slide-show/be-thankful/mortgage.aspx
    ... indeed be thankful this year, especially as bonuses are still being handed out.
    There are quite a few taxpayers who would like to see TARP recipients not only ...

  • 5 Reasons For Corporate Thanksgiving Slideshow | Investopedia

    http://www.investopedia.com/slide-show/be-thankful/credit-rating.aspx
    ... indeed be thankful this year, especially as bonuses are still being handed out.
    There are quite a few taxpayers who would like to see TARP recipients not only ...

  • 5 Reasons For Corporate Thanksgiving Slideshow | Investopedia

    http://www.investopedia.com/slide-show/be-thankful/home-builders.aspx
    ... indeed be thankful this year, especially as bonuses are still being handed out.
    There are quite a few taxpayers who would like to see TARP recipients not only ...

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