guardian.co.uk — One might think the financial executives who brought the world to the brink of financial ruin should be finding coal in their stockings this Christmas. But don't be concerned about them. The Associated Press reports that last year, $1.6bn in bonus payouts went into the pockets of top executives of more than a hundred banks and companies that later received bail-out funds from the US government.
Do they deserve such lavish compensation after savaging their balance sheets and precipitating a worldwide financial crisis? Aren't these the guys who go us into this mess in the first place? Are banks rewarding executives for bringing their companies and the world's financial system to the brink of ruin? Or were these big bonuses legitimately earned?
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