Originally Posted By SingleParkPassholder Sorry guys, that's the point. If they've given out "bad" or premature bonuses with taxpayers, tough. Moreover, if they think other banks don't already know the "top talent", then they're dumber than even their recent results have shown. <a href="http://www.bloomberg.com/apps/news?pid=20601103&sid=aDJsoWxnk740&refer=news" target="_blank">http://www.bloomberg.com/apps/...fer=news</a>
Originally Posted By avro_imagineer All I can say is, you're guilty as charged. If you want a break give a break. If you don't give a break, why should the public give you a break? Do you give people extra time before you foreclose? If you didn't pay those bonuses do you think maybe you'd be in better shape? I love corporate America. Long live free enterprise and the stock market.
Originally Posted By Inspector 57 Was this pre- or post-receipt of bail-out money? Either way, this is sickening. These companies make their money off of the clients who do business with them. How much more could they have returned to those clients had they not given millions in bonuses to themselves?
Originally Posted By Kar2oonMan >>How much more could they have returned to those clients had they not given millions in bonuses to themselves?<< A: Millions! <--- gets instant appointment to the treasury dept.
Originally Posted By avro_imagineer ^^ Where's your corporate double speak and business jargon? Don't you know if you have common sense you don't get the good appointments
Originally Posted By Dabob2 And what kills me is they've got the stones to insist these aren't "bonuses," but the (they think) more reasonable-sounding "retention pay." As though anyone in this economy lucky enough to have a six-figure or better salary even before the bonus is about to leave it.
Originally Posted By Mr X Really makes you wonder if it is genuinely the Republicans screaming "socialism" at every turn, or if it's in fact the fat cats with the obese salaries whispering it into their ears. I was recently shocked to learn about the pay system in Japan (a TRUE socialist society, I would say)...most CEO's make around $500,000 per year at best. The highest of the high (think CEO of Sony, or Toyota) make about a million bucks. That's pretty much the limit. And they don't get a carload of stock options and other ways to "enhance" their salaries, by and large...if they do, it is often held in escrow until retirement (and subject to the prosperity of the company at ALL times, even AFTER retirement). I'm not saying that's the greatest way to go. But I am thinking more and more that this "I AM ENTITLED TO WHAT'S MINE!" attitude, in the midst of an historic crash where people all around (mostly under) those folks are suffering... It's just unpalatable to me. I feel like throwing up when I read about this stuff (I started feeling the urge to puke when I first studied a lot about Angelo Mozilo of Countrywide Bank (FORMERLY a bank, now an albatross around the neck of Bank of America)...the man who walked away with countless millions while his company crashed and burned and left everyone in his wake completely screwed).
Originally Posted By fkurucz <<I love corporate America. Long live free enterprise and the stock market.>> <<It's just unpalatable to me. I feel like throwing up when I read about this stuff>> Its Americas Mantra(tm). Socialism for the rich: good. Socialism for the masses: bad.
Originally Posted By DAR <<I love corporate America. Long live free enterprise and the stock market.>> Free enterprise and the stock market are still worthy financial models for this country. The problem is all of us did the See No Evil, Hear No Evil, Speak No Evil method of looking at the corruption that's plagued Wall Street
Originally Posted By Skellington88 >Free enterprise and the stock market are still worthy financial models for this country. The problem is all of us did the See No Evil, Hear No Evil, Speak No Evil method of looking at the corruption that's plagued Wall Street< All of us? There were plenty of us who spoke out and said this would happen like Rubini, Ron Paul, and my finance teacher!
Originally Posted By RockyMtnMinnie I would have stopped it, but I decided it was more effective to jump in front of trains to stop them instead.
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