What's the deal here? Every banker at the hearing said they got NO BONUS!!!!

[napi21]

Who the hell got those billions in bonuses that we've been talking about?

[bdamomma]

1. did their noses get longer when they said that!!

[stewert]

2. Because They Didn't..........

They got what they call retention awards, it's the same thing as a bonus, they just put a different name on it. They get the big bonus checks, then they claim it's a retention award.

Think Progress has a report on it.

[louis-t]

6. They learned that from bush.

[samdogmom]

3. My guess...it wasn't called a "bonus" it was called some sort of "compenstation".

We need to stay one step ahead of these weasel worms!

[patrice]

4. My ex-corporate attorney spouse says there are ALL kinds of contracts for whatever

they decide to call the $$$$$, all with numerous options.

[patrice]

5. BTW, what IS the definition of "is"?

What goes around comes around.

[nadinbrzezinski]

7. Their staff, went to their top brokers, for example

that said, I don't believe them... but that is probably the explanation

[Ian David]

8. They didn't get bonuses. They got "Performance-Based Salary Adjustments." n/t

[napi21]

11. But the question to them was "How much was your salary in 2008 and how much was your bonus?"

Did they just lie? Any salary adjustment IS STILL SALARY!

[AndyA]

9. Auxiliary Executive Pay

It's not a bonus.

I'll bet they didn't ask about compensation outside of their regular salary.

[lyonn]

10. I 'spose it would be asking too much to see their contracts?

Most large contracts have a portion called "definitions". Those are always interesting. Amendments to contracts are informative too.