Executive Excess 2016: The Wall Street CEO Bonus Loophole

For release Wednesday, August 31, 2016

Dear partners: Thank you for helping us spread the word about the Institute for Policy Studies’s 23rd annual Executive Excess Report, “The Wall Street CEO Bonus Loophole”. Please use the hashtag #BonusLoophole when sharing with your community.

You can find the executive summary and full report on Wednesday, August 31, 2016 here.

Twitter:

  • OMG: We are all subsidizing Wall Street bonuses http://www.ips-dc.org/executive-excess-2016-the-wall-street-ceo-bonus-loophole #BonusLoophole [Image 1]
  • While homeowners & shareholders suffered, Wall St execs cashed in on crisis http://www.ips-dc.org/executive-excess-2016-the-wall-street-ceo-bonus-loophole #BonusLoopHole [Image 3]
  • Wells Fargo got a huge write-off for CEO’s $150M in bonuses http://www.ips-dc.org/executive-excess-2016-the-wall-street-ceo-bonus-loophole #BonusLoophole [Image 2]
  • When CEO cashed in $23M at foreclosure peak, JPMorgan got huge tax write-off http://www.ips-dc.org/executive-excess-2016-the-wall-street-ceo-bonus-loophole  #BonusLoophole [Image 4]
  • A Bill Clinton #CEOpay reform backfired. Learn why and how we can fix it in new @IPS_DC report http://www.ips-dc.org/executive-excess-2016-the-wall-street-ceo-bonus-loophole
  • New from @IPS_DC: The more corporations hand out in CEO bonuses, the less they pay in #taxes. http://www.ips-dc.org/executive-excess-2016-the-wall-street-ceo-bonus-loophole #BonusLoophole
  • New @ips_dc report on #BonusLoophole provides catalog of #CEOPay solutions http://www.ips-dc.org/executive-excess-2016-the-wall-street-ceo-bonus-loophole

Facebook:

  • Breaking: The top 20 U.S. banks paid out more than $2 billion in fully deductible performance bonuses to their top executives between 2012 and 2015. Read the new report on the #BonusLoophole by the Institute for Policy Studies at http://www.ips-dc.org/executive-excess-2016-the-wall-street-ceo-bonus-loophole
  • A new report by IPS found that the more U.S. corporations hand out in CEO bonuses, the less they pay in taxes. How can we rein in executive excess? Read on: http://www.ips-dc.org/executive-excess-2016-the-wall-street-ceo-bonus-loophole
  • At the peak of the foreclosure crisis, JPMorgan Chase CEO Jamie Dimon cashed in $23 million in stock options. Since then, the bank has racked up more than $28 billion in mortgage and other financial misconduct fees. Read the new report “Wall St. CEO Bonus Loophole” here: http://www.ips-dc.org/executive-excess-2016-the-wall-street-ceo-bonus-loophole

Graphics:

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CashingInOnTheCrisis Graphic 1

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CashingInOnTheCrisis Graphic 2

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CashingInOnTheCrisis Graphic 3

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CashingInOnTheCrisis Graphic 4

Sarah Anderson directs the Global Economy project at the Institute for Policy Studies. Sam Pizzigati is an associate fellow at the Institute for Policy Studies.