NU Online News Service, March 21, 2:48 p.m. EDT
The senior chief executives of MBIA will not be getting a bonus this year, though the compensation committee agreed that they are entitled to one.
The Armonk, N.Y.-based bond insurer says that after discussions with the New York Department of Financial Services, it determined that “it was in the best interest of the company not to take cash bonuses or long-term-incentive awards for 2011.”
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