This is not moving in the right direction. This industry will not lead the US out of this terrible economy and it's not nearly as critical as it likes to think it is. Maybe it's time to increase the taxes on them until they wake up and realize how lucky they are to have jobs, let alone an industry. Reuters:
Officials at rival companies told Reuters that Citigroup employees will essentially receive at least 60 percent of their bonuses in cash or stock that can quickly be sold. That level is high compared to some rivals, which could help the bank retain employees.Boo hoo. Greedy until the bitter end.
But some Citigroup employees groused at the relatively low portion of the bonus that will come in cash.
