Drudge Retort: Red Meat for Yellow Dogs
Wednesday, October 21, 2009

Even as the nation's biggest financial firms were struggling and the federal government was spending hundreds of billions of dollars to save many of them, the companies were boosting the perks and benefits they pay their chief executives. The firms, accounting for more $350 billion in federal bailout funds, increased these perks and benefits 4 percent on average last year, according to an analysis of corporate disclosures filed in recent months.

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The rich get richer...

Of course they do. The more things change, the more they stay the same.

"Totally Unforseen"

43

44

Why shouldn't they? They were very careful in feathering the right nests in Washington. Does anyone really believe that Chuck Shumer, Chris Dodd, and Charlie Rangel are going to punished at the ballot box?

#4...

Didn't the execs come out and prove how fucking ignorant the Senate was, in respects to them being unable to stop all the bonuses and perks we as taxpayers ponied up? Not to mention the millions of dollars they got recently?

The people (dems and repubs) bitch about the Bonuses and when the Congress tries to get that money back, LimpBlob, HaNUTTY and Fatty Beck all pretend that it's the greatest abuse of power ever!

....now these same three turds are screaming 'The Magic Negro gave away your money and they got big bonuses'.

Which is it?? You either oppose the bonuses and want the money back or it's simply more 'Anything, as long as it's against Obama'.

Obama is capping compensation apparently for BofA, AIG, Chrysler, Citigroup, GM. Strangely, or maybe for obvious reasons, G-Sax and Morgan Stanley were not on that list in the NYT. The real crooks own Washington.

Of course they did. Why wouldn't they? Why shouldn't they? Maybe they should walk down the street and ask some random what they think thier compensation package should look like.

Bruce,

I would never dream of trying to tell a CEO what to get paid however when your company is on the verge of bankrupcy and the only thing that saves your ass is a government bail out do you really think you deserve a raise?

Our company managed to remain even with year over year earnings got no bailout and our CEO did not take a raise to make sure no employees would get laid off.

Meet the new boss, same as the old boss.

Our government sure knows how to spend our money!!!!

What the hell is with all the conservatives whining and blaming Dems? You stupid hypocrits. Just a few months ago when the White House tried to limit salaries and bonuses to top execs at these banks, you all screamed your bloody heads off about socialism. Now, when capitalism rules, you get what you wanted and complain about the consequences? God, I hate Republicans and this is why.

How can i get on board that "bigger rewards when you fail dismally" train?

There is a time for profits and bonuses. This must be the time. -B.O.

Moot thread. Obama's bailout guy nixed the bonuses ... by 90%

I must be the only one who reads news on a daily basis

"Executives at bailed-out U.S. companies face 90% pay cut"

www.cbsnews.com

All talk, Timex. But what else would he do?

Treasury will make it official within days

Treasury will make it official within days

#18 | Posted by Timex

OK. So your a bit premature? I'll check back when the rubber meets the road. You sure are a good shill for trying...

Well, gee. That's the nicest thing you've said all month.

"Treasury is expected within days to release the ruling by Kenneth Feinberg, the administration's special master on compensation."

(reading is a must)

www.washingtonpost.com

Said so in the previous article I linked too.

Reading is a must

Bambi Vs. Itchy & Scratchy!!!

The Big Problem here is that the Bank Execs know that the "Bail Out" was just a huge,super-sleazy money grabbing "Con" whereas the majority of the American public still believe its a cute,uplifting Disney cartoon!!!

Reading is a must

#22 | Posted by Timex

"Expected" and your #16 are two different things, idiot. Read your own horse shit before posting it next time, palm reader.

History repeating itself.

Like Nero playing his violin while Rome burned.

They can't laugh all the way to the Bank, because they're already inside the Bank.

Said so in the previous article I linked too.

Reading is a must

#22 | Posted by Timex at 2009-10-21 07:36 PM | Reply | Flag:

Regardless of how good the news is, as long as it makes the current President look good, WisGoof will loose his mind over it.

Bailed Out Bank Execs Increase Perks

(reading is a must)
www.washingtonpost.com
#21 | Posted by Timex

"But executives can still receive additional salary in stock, according to a source with knowledge of the matter. The portion of salary given in stock would vest immediately, although executives will have to wait two years before redeeming the shares. Even then, they will be able to cash in on only a third of that stock. The executives will be able to cash in another third after three years and the rest after four years. Because it is considered salary, executives get to keep the stock even if they leave their employers."

"But executives can still receive additional salary in stock, according to a source with knowledge of the matter. The portion of salary given in stock would vest immediately, although executives will have to wait two years before redeeming the shares. Even then, they will be able to cash in on only a third of that stock. The executives will be able to cash in another third after three years and the rest after four years. Because it is considered salary, executives get to keep the stock even if they leave their employers."
#27 | Posted by Hagbard_Celine at 2009-10-21 11:01 PM

Local banks are leveed via "toxic-loans" and the new monetary eligibility requirements, goes "bankrupt" the employee shares are worthless, people are unemployed, the company is parted-out to a global competitor and those executives tertiary shares roll-over into the newer, larger Bank which they also heavily invested in prior to perform just this type of clean-up. The stocks then split and they own it all again, and again. Sales manipulation of the lowest order - to screw your own employees and neighbors, and thus their very communities.

No "apples and oranges"?! Damned. How about: the wars were set-up long prior to invasion to permit as much privatization as possible, thus investors in those companies would see Jim Kramer happily dance.

Why hasn't the SEC investigated the trade just prior to 9/11? The day of? I'm certain Kramer was dancing stiff-legged like a downer cow.

I know this is probably not the right thread to put this in but I don't want to create another User blog to keep from wasting cyberpaper and all but this stock market thing. People gush over when it reaches above the 10 thousand mark. The question I have is if it takes more dollars to equal the value of a dollar say 20 Years ago. Wouldn't it stand to reason it would take more stock points to have the same market value as say 15 Years ago. So if say 15 Years ago the stock market was say 5,000 and today it's 10,000 doesn';t it stand to reason the 10,000 mark is really 5,000 of 15 Years ago?? Or am I just too dumb to understand it??? THAT could very well be. Any helps???

larry

Socialism does not reward profit. These corporate execs think the end is coming to and want to take while the taking is still good.

"But executives can still receive additional salary in stock, according to a source with knowledge of the matter. The portion of salary given in stock would vest immediately, although executives will have to wait two years before redeeming the shares. Even then, they will be able to cash in on only a third of that stock. The executives will be able to cash in another third after three years and the rest after four years. Because it is considered salary, executives get to keep the stock even if they leave their employers."

#27 | Posted by Hagbard_Celine at 2009-10-21 11:01 PM

Regardless of how bad the news is, CommonSense will still have a woody over Obama.

Regardless of how bad the news is, CommonSense will still have a woody over Obama.

#32 | Posted by LIVE_OR_DIE

No shit.

So if say 15 Years ago the stock market was say 5,000 and today it's 10,000 doesn';t it stand to reason the 10,000 mark is really 5,000 of 15 Years ago?? Or am I just too dumb to understand it??? THAT could very well be. Any helps???

To answer that Larry, it doesn't make any difference anyway. The DOW, just like all the others, is just an index based on select averages. In a sense, it doesn't make any difference when you buy in. What matters is if you are long or short and which direction the market moves. When the indexes are high it just means a lot more losers are in the market when the smart trader pull the rug out from under them. It has very little to do with the actual value of the dollar. The current market trends are perfect examples. Even though the DOW is going up, the dollar is still being devalued on the international money market.

As for the subject of corporate profits, check out this link...

money.cnn.com

Obama is swimming like a pregnant salmon against a record tide of corporate greed.

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