- Bernie Madoff, the $19B Con, Makes New Friends Behind Bars
- Buyout Pioneer Kravis Aims to Remake KKR Like Buffett
- Goldman Sachs Bars Cash Bonus for Top Officers
- Goldman Sachs Stock Bonus Plan to Defer Compensation Expense
- UK: Revenue to clarify bonus rules
- UK: Lawyers search for loopholes in supertax
- Moody’s Analyst: No Threat To US, UK Triple-A Ratings Now
- Ex-UBS Banker, Swiss Lawyer Declared U.S. Fugitives Read the rest of this entry »
Tags: Bernie Madoff, Bonuses, Compensation, Goldman Sachs, Henry Kravis, KKR, Moody's, ponzi schemes, prison, scammers, Taxes
Poor poor Ruth Madoff. Literally. She’ll be giving up $80 million in assets, including her upper east side co-op. She’ll be able to keep roughly $2.5 million in cash. While most people could do well with that kind of dough, it’s gonna be kind of hard for old Ruthie to maintain her formerly accustomed lifestyle. (Cue violins.) It’s not even clear if she’ll get to keep all of that money. Civil suits and legal expenses could certainly eat up a big chunk.(Cue whole orchestra.)
