Showing posts with label Bonuses. Show all posts
Showing posts with label Bonuses. Show all posts

Monday, February 3, 2014

'OUTRAGEOUS': Senator rebukes IRS for reinstating 2013 employee bonuses

The IRS' announcement Monday that it will pay cancelled 2013 bonuses has infuriated Utah Republican Sen. Orrin Hatch, who wants to know why an agency with employees who “inappropriately” targeted conservative political groups would reinstate the rewards.
“The IRS is accused of targeting conservative groups, with many of its employees having conducted themselves in a manner inappropriate for government officials, and the agency decides to reinstate employee bonuses?” asked Hatch, the top Republican on the Senate Finance Committee. “This is outrageous.”
The announcement was made by new IRS Commissioner John Koskinen, who said the performance bonuses were reinstated after agency employees repeatedly asked him about them during his first weeks on the job and after reaching a deal with the Union for Federal Employees.
The targeting scandal broke in spring 2013 when the agency revealed it had targeted for closer scrutiny Tea Party groups and other politically conservative organizations that were applying for tax-exempt status.
The revelations resulted in an inspector general report as well as FBI and congressional investigations. Though agency officials said originally the targeting was limited to a Cincinnati, Ohio field office, the probes revealed that higher-ranking officials at the agency’s Washington headquarters knew about the situation and that liberal groups also were targeted but to a lesser extent.

Wednesday, October 24, 2012

BANKRUPT A 123 SYSTEMS WANTS TO PAY BONUSES TO TOP EXECS


Dow Jones Daily Bankruptcy Review reported that A 123 Systems, the bankrupt recipient of Obama’s department of energy loan, now wants to pay top executives more than four million dollars.

“A123 Systems Inc., the electric car battery maker that filed for Chapter 11 last week after receiving nearly $250 million in government grants, wants to pay more than $4 million in bonuses to a handful of top executives.
The company is asking Judge Kevin Carey of the U.S. Bankruptcy Court in Wilmington, Del., to sign off on incentive bonuses totaling up to $4.1 million for nine key employees, including several company insiders---namely, corporate officers and directors---pending the sale of its assets at a bankruptcy auction.”
Well done, Mr. Obama. We will use some of the $132 million given to A 123 Systems to reward their top executives, who could never deliver an affordable lithium ion battery!  
But hold on. Was it not Mr. Obama who attacked the bonuses for executives at banks that received bailouts in 2008?  Of course Mr. Obama opined on the matter of these executives being given bonuses. The New York Times on January 29, 2009 quoted Obama as saying:
“There will be time for them to make profits, and there will be time for them to get bonuses,” Mr. Obama said during an appearance in the Oval Office with Treasury Secretary Timothy F. Geithner.  Now’s not that time. And that’s a message that I intend to send directly to them, I expect Secretary Geithner to send to them.”

Popular Posts