How Many Board Members at Bailed-Out Wall St. Firms Kept Their Jobs?
Question: How many people on the Board of Directors at AIG, Citi, B of A, and Goldman Sachs kept their jobs and their salaries (in percentage terms) after receiving billions in bailout funds?
Paul Solman: I don’t know, but surely more than most of us taxpayer/bailer-outers would be comfortable with. The administration’s excuse is that it simply didn’t have the manpower to run these institutions, especially given Republican obstructionism in filling slots at Treasury. One common counter: In the climate that prevailed during the crisis, there would have been no trouble finding replacement bankers for those at the failing firms.