'In the past few years, certainly, the shareholders have taken a bigger reduction in their returns than labor has within the business model', Dougan, 53, said in an interview with Bloomberg Television’s Erik Schatzker to be broadcast Tuesday.'That’s not sustainable. That’s not right'.
In 2008, the company paid a portion of senior employees’ bonuses in bonds linked to a pool of toxic assets, helping the firm to dispose of risky holdings and free up capital. The bonds returned 75% between the end of 2008 and November 2011, people with knowledge of the results have said. The firm revived the practice for 2011 pay.
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