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Phelps using $1M bonus to start swim foundation

AP — Tue, 02 Sep 2008 19:04:08 +0000

Michael Phelps will put his $1 million bonus to good use, announcing plans to start a foundation promoting water safety and youth swimming.

Okla. state worker temporarily gets 6-figure bonus

AP — Sat, 23 Aug 2008 17:09:19 +0000

Oklahoma officials say a typo resulted in a state employee receiving a bonus of $850,000 _ but it was only temporary.

Alabama sheriffs feed inmates on $1.75 a day

AP — Fri, 16 May 2008 18:06:44 +0000

Back in the day of chain gangs, Alabama passed a law that gave sheriffs $1.75 a day to feed each prisoner in their jails, and the sheriffs got to pocket anything that was left over.More than 80 years later, most Alabama counties still operate under...

NFL Challenges Vick Bonus Ruling

AP — Thu, 14 Feb 2008 19:59:37 +0000

The NFL is asking federal court to vacate a judge’s ruling allowing suspended quarterback Michael Vick to keep $16.5 million in bonuses.The NFL also wants to end the jurisdiction of U.S. District Judge David Doty over labor matters.Doty ruled...

Judge: Falcons Can't Recoup Vick Bonuses

AP — Mon, 04 Feb 2008 20:36:28 +0000

Jailed quarterback Michael Vick can keep all but $3.75 million of the nearly $20 million in bonus money he received from the Atlanta Falcons following a ruling Monday by a federal judge.The Falcons sought to recover the bonuses after Vick pleaded...

Goldman CEO Gets $68.5M Pay Package

AP — Fri, 21 Dec 2007 23:10:06 +0000

Not all chief executives at the nation’s largest investment banks will receive a lump of coal instead of their typical millions of dollars in holiday bonuses this Christmas.In a year where most investment banks lost billions of dollars on bad...

Morgan Stanley CEO Skipping Bonus

AP — Wed, 19 Dec 2007 18:00:34 +0000

“Deeply disappointing” fourth-quarter writedowns have Morgan Stanley Chief Executive John Mack bypassing his year-end bonus _ and he is unlikely to be the only Wall Street CEO giving up tens of millions of dollars in holiday money.Morgan Stanley said...

Army: Wounded Soldier Won't Lose Bonus

AP — Fri, 23 Nov 2007 03:13:56 +0000

A soldier whose injuries in Iraq forced him to leave the military early “inadvertently” received a letter from the Army asking him to repay a portion of his sign-up bonus, the military said.Former Pfc. Jordan Fox “inadvertently” got a letter asking...

Vick Must Repay $20 Million From Bonus

AP — Tue, 09 Oct 2007 22:22:54 +0000

The Atlanta Falcons are entitled to recover nearly $20 million in bonus money paid to disgraced quarterback Michael Vick, an arbitrator ruled Tuesday. The players’ union vowed to appeal.Stephen B. Burbank, a University of Pennsylvania law...

BCCI scraps contract system, reduces fee

Santosh — Sun, 08 Apr 2007 13:24:00 +0000

Taking a tough stand in the wake of India`s World Cup debacle, the cricket board on Saturday scrapped the players` contract system and reverted to payment of match fees, including bonus for every series...