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Public Outraged at Wall Street Excess

With layoffs reaching massive proportions and the government spending billions to bail out financial institutions, Wall Street bankers gave themselves nearly $20 billion in bonuses. Private jets and expensive interiors are not things of the past. President Obama responded today by calling such bonuses “ the height of irresponsibility .”

By Warren Olney • May 12, 2014 • 1 min read

With layoffs reaching massive proportions and the government spending billions to bail out financial institutions, Wall Street bankers gave themselves nearly $20 billion in bonuses. Private jets and expensive interiors are not things of the past. President Obama responded today by calling such bonuses “the height of irresponsibility.” What can be done? Nell Minow is editor at the Corporate Library and co-author of three books on corporate governance.