Date line February 18, 2009, McClatchy Newspapers, Miami: “Maimi bank exec gives $60M to his employees.” After cashing in on his 83 percent shares in City National Bancshares last November, Leonard Abess, Jr. distributed $60 million to tellers, bookkeepers, clerks and everyone else on the payroll. Some received more than $100,000 and most up to [...]
No one is doubting anymore that the world is in a financial recession. The US congress and president are trying to hammer out an economic stimulus plan that would pour billions upon billions of dollars into the economy with the hopes of blunting the effects of the worst economic crisis since the Great Depression. [...]