If you were outraged back in 2009 when the banks that played a large part in the economic meltdown handed out large bonuses to their executives, you may have just found an unlikely ally. Well, kind of.
Fox and Friends hosts Steve Doocy and Brian Kilmeade expressed their consternation at the bonuses being handed out to employees at bankrupt solar panel company Solyndra LLC.
That’s right, the same Fox and Friends who began a segment on bank executive bonuses by asking whether government limiting executive compensation will “eliminate the motivation to actually work hard“.The figure of $370,000 which, according to Doocy is “what the remaining bosses… are getting”, was scaled down. “They originally wanted to give themselves half a million dollar bonuses”.
It’s worth noting that, according to the Washington Times, the total amount comes from bonuses being dished out to nearly two-dozen employees, with the individual amounts ranging from $10,000 to $50,000. The employees receiving bonuses include equipment engineers, technology workers and general business and finance employees.
According to Solyndra’s lawyers, the bonuses are an attempt to retain key employees and offer greater job security. More claims in the case are pending, for other employees seeking higher compensation.
Check out the Friends’ coverage of the story below:
Originally from Scotland, Michael was a freelance video editor before joining TPM in the summer of 2011. He lives in New York with his wife and two cats and is a lifelong fan of The World Famous Dundee United.