This is not the year for big bank executives to rake in yet another round of multi-million dollar bonuses.
Families, homeowners, and those of us looking for jobs are all struggling. But big banks continue to foreclose on families, withhold affordable credit, fund predatory payday lenders and refuse to pay their fair share of taxes.
Now, this holiday season, big bank executives are projected to award themselves billions of dollars in bonuses.
It’s time to set them straight.
Tell Bank of America’s Brian Moynihan, JP Morgan Chase’s Jamie Dimon and Wells Fargo’s John Stumpf to forgo their multi-million dollar bonuses and invest in America IMMEDIATELY. Sign the letter to bank executives below today.
Big banks can help rebuild America by writing down principal balances for families who are underwater or facing foreclosure, lending to small businesses to get the economy moving again, and paying their fair share of taxes.
For perspective, the $143 billion in bonuses and compensation banks handed out last year could extend unemployment coverage for each of the 15 million unemployed workers in the United States by more than seven months. $143 billion could buy individual health insurance plans for 65 percent of the nation’s uninsured, changing the lives of more than 29 million people in the process.
Seven big banks – Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, US Bank, and Wells Fargo – are set to dole out year-end bonuses in the coming weeks. The banks do not release data on compensation until early next year, but it is possible to estimate the size of this year’s compensation pool based on data from the first three quarters of 2011.
While press reports have suggested that Wall Street bankers will face a pay cut this year, based on figures from the third quarter, compensation pools at the big banks are on track to be slightly larger than last year’s record breaking number: a combined $156 billion in total compensation.
Big bank executives won’t act unless you demand it. We will soon deliver this letter and message to top big bank execs and board members across the country.
Sign the open letter to the big bank executives today and demand they forgo their bonuses…
Latest Signatures
- Jeannie Williams, May 16, 2012
- Butch Krichmar, Mar 09, 2012
- Tatiana Torres, Feb 22, 2012
- Victoria Phillip, Feb 16, 2012
- Eric Lehman, Jan 30, 2012
- Raul Jimenez, Jan 25, 2012
- Barbara Hermann, Jan 24, 2012
- L Lange, Jan 23, 2012
- Susan Baker, Jan 15, 2012
- Bertram McGrath, Jan 08, 2012
- Val Krehbiel, Jan 08, 2012
- Bryn Fillers, Jan 06, 2012
- anice chenault, Jan 03, 2012
- F Mason, Jan 02, 2012
- Jennifer Rogers, Jan 01, 2012
- Nicholas Parisi, Dec 30, 2011
- steve lauriano, Dec 30, 2011
- valerie bursey, Dec 30, 2011
- Carole Levers, Dec 29, 2011
- Ron Varasteh, Dec 29, 2011
- Linda Linderman, Dec 28, 2011
- K Ott, Dec 27, 2011
- MARGOT BIALON, Dec 26, 2011
- k danowski, Dec 24, 2011
- Susan Christ, Dec 24, 2011
- josh linvog, Dec 24, 2011
- Robert Griffin, Dec 23, 2011
- Katherine Prince, Dec 23, 2011
- James Wagner, Dec 23, 2011
- thomas Myers, Dec 23, 2011
- nate Tinsley, Dec 23, 2011
- Cynthia Burkwald, Dec 23, 2011
- donna rowlett, Dec 23, 2011
- KElley Albrecht, Dec 23, 2011
- Jonathan Lien, Dec 23, 2011
- Heidi Waddell, Dec 23, 2011
- Barbara With, Dec 23, 2011
- Allen Newell, Dec 23, 2011
- Jennifer Newell, Dec 23, 2011
- Uma Miller, Dec 23, 2011
- Pamela Vasquez, Dec 23, 2011
- Liam UiCearbhaill, Dec 23, 2011
- Michelle Buerger, Dec 23, 2011
- stephanie richardson, Dec 23, 2011
- Ashley Maslen, Dec 23, 2011
- Hana Smisek, Dec 23, 2011
- Pedro Porro, Dec 23, 2011
- Kate Boyd, Dec 23, 2011
- Fred Klein, Dec 23, 2011
- Stacy Taylor , Dec 23, 2011
Shame, shame, shame.
If indeed, they are stupid and arrogant enough at this late stage of their nuking of the American economy and the evisceration of anything resembling the pedestal of morals of this country, that have all but been eliminated,they would be wise to spend all their money on personal security, bunkers and bullet-proof limos, as I am sure that there are some not-so-happy people out there, who want some payback. Good luck, scum.
This is long overdue especially since non of these guys feel they are guilty at all and yet they all brought the HOUSE down. Unfortunately, with the help of Washington as well, they will not be prosecuted but probably will move to jobs in the GOVERNMENT as did many already. This country is a joke anymore with all the corruption and greed as we are in a tailspin to our own demisre!
The money belongs to all of us, not the few of you.
During these parlous times, do you not think a little economic patriotism is in order? Why not donate the
enormous amounts of money you would receive to
a food bank, homeless center or other such worthy
institutions?
Shame on YOU!
After all, how many yachts and summer homes do you need?
Do these greedy 1%ers even know what the Social Contract is? The founders of this nation wrote it down in a document called the Constitution: “promote the general Welfare . .”
The CEO’S bonuses will be DOA this year!
Stumpf, Moynihab & Dimon: right now , together, you are 3 holy terrors, but you could morph into the 3 Muskateers:
“All” for one and one for All” The “ONE being your own country. I do think your country has done a lot for you three, so what are you doing FOR your country?
Stop the too big to fail banks from continued abuse of the public trust !
This country needs to follow the rule of the law and stop paying CEO to keep a lid on the violations of the law, your property rights are at risk because our elected are allowing the banks to do as they please with your public money. Stop foreclosure gate, it’s a violation of your rights and a clear abuse of power in America !
Gregory Dean Lemke
facebook.com
Advocate to piggybankblog.com
This year give your bonuses to the poor, the needy, the people you all have cheated out of their life savings, and retirement accounts. As you continue to pat yourselves on the back and those politicians supporting your efforts through your generous contributions, keep in mind that the day of reconciliation is coming sooner than you and your powerful politicians can imagine. The house is crumbling.
They will pay for their greed, Karma is a bitch and we will seek revenge. My house is now $45000.00 underwater in what was supposed to be my retirement egg nest. I am mad as hell and am not going to take it anymore.