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PNC pays bonuses to execs after getting TARP money
Yahoo News ^ | 2-13-09 | Jonathan Stempel; Andre Grenon

Posted on 02/13/2009 3:42:11 PM PST by Justaham

NEW YORK (Reuters) - PNC Financial Services Group Inc (NYSE:PNC - News) said on Friday it has awarded bonuses for 2008 to its chief executive and other top officers, becoming the largest recipient of taxpayer money under the government's $700 billion Troubled Asset Relief Program to do so.

(Excerpt) Read more at biz.yahoo.com ...


TOPICS: Business/Economy; Miscellaneous
KEYWORDS: bailouts; banking; pnc; tarp

1 posted on 02/13/2009 3:42:11 PM PST by Justaham
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To: Justaham

Idiots ..Quit calling them BONUSES and falling into the LIBERALS trap..

They are Contractually Deferred Income!!!


2 posted on 02/13/2009 3:44:07 PM PST by gwilhelm56 (MULLAH OBAMA - which part of "Congress shall make no Law" - do you NOT UNDERSTAND??)
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To: Justaham

I detest PNC, almost as much as I detest B of A. It’s a horrible bank, closely tied to Democrats.


3 posted on 02/13/2009 4:09:44 PM PST by Eva (CHANGE- the post modern euphemism for Marxist revolution.)
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To: Eva

We once had quite a bit of money invested with PNC and when we closed the account, they dragged their feet in transferring the money to a new investment account, sending it in dribs and drabs. Then, a few months after the transfer was complete, they sent the investment counselor a letter, saying that they had sent fify thousand too much and that they wanted it returned in the same way that it was received, invested in whatever stocks, probably their own Black Rock junk. Well, of course this was impossible, because we had cashed it all in, as soon as it was received.


4 posted on 02/13/2009 4:16:29 PM PST by Eva (CHANGE- the post modern euphemism for Marxist revolution.)
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To: Justaham

Freepers defending unconsionable acts in 5.....4.....3.....2.....


5 posted on 02/13/2009 4:16:40 PM PST by Red in Blue PA (If guns cause crime, then all of mine are defective.)
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