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JAMESBJOHNSON
Guest
http://www.bloomberg.com/apps/news?pid=20601109&sid=aX6xQJdexEEo&refer=home
THEYRE GETTING THE BONUSES...and youre getting the bone.
THEYRE GETTING THE BONUSES...and youre getting the bone.
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JAMESBJOHNSON
Guest
XXSVE
Its pretty damning evidence that things wont change much, regardless of who is President. I mean, the bankers have the money and they give some of it to the politicians, who then look the other way....or vote to give the bankers more of your money.
Its blatant theft, and we cant care less because we fret about prayer and sucking dicks.
Its pretty damning evidence that things wont change much, regardless of who is President. I mean, the bankers have the money and they give some of it to the politicians, who then look the other way....or vote to give the bankers more of your money.
Its blatant theft, and we cant care less because we fret about prayer and sucking dicks.
SweetPrettyAss
Literotica Guru
- Joined
- Mar 9, 2006
- Posts
- 892
This totally sucks, and I have heard about these planned bonuses before. If the CEO did such a bad job that his or her company has to come to the gov. with a tin cup, why should that CEO get any bonus at all? They should be based on performance, not on just showing up.
Twenty billion is a pretty substantial part of the package being handed out. These firms should be able to cut down their needs by giving inept officers nothing extra, and even cutting their salaries.
Treasurer: What did you do to earn your bonus this year?
Exec.: I drove the company into near bankruptcy and had to beg the gov't for handouts.
Treas.: Bully for you! Here, have an extra ten million!
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JAMESBJOHNSON
Guest
SPA
The CEOs get the money to guarantee that the 1st class passengers have lifeboats and get a wakeup call when the ship sinks.
The CEOs get the money to guarantee that the 1st class passengers have lifeboats and get a wakeup call when the ship sinks.
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JAMESBJOHNSON
Guest
JustLikeEwe
Experienced
- Joined
- Apr 18, 2008
- Posts
- 39
The quote from the story mentioned at the top of this thread...
"The payouts typically account for about two-thirds of compensation at the biggest Wall Street firms. The bonuses are accrued throughout the year in line with revenue. "
When revenue is non-existent and companies are bleeding red like a stuck pig, how does one compute these bonuses? If bonuses are distributed to reward a CEO's contribution to an outfit's success, it must be safe to assume that they have to kick some salary back in to help pay for their poor performance.
Just kidding. The only fair way to adjust for the incompetence of a CEO is to trim the company's staff by the appropriate percentage. If that isn't enough, do a Bank of America and triple the interest rate of your credit card accounts regardless of whether their credit is flawless or not.
"The payouts typically account for about two-thirds of compensation at the biggest Wall Street firms. The bonuses are accrued throughout the year in line with revenue. "
When revenue is non-existent and companies are bleeding red like a stuck pig, how does one compute these bonuses? If bonuses are distributed to reward a CEO's contribution to an outfit's success, it must be safe to assume that they have to kick some salary back in to help pay for their poor performance.
Just kidding. The only fair way to adjust for the incompetence of a CEO is to trim the company's staff by the appropriate percentage. If that isn't enough, do a Bank of America and triple the interest rate of your credit card accounts regardless of whether their credit is flawless or not.
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