WALL STREET COLLAPSES…. CEO’S GET MEGA MILLION DOLLAR GOLDEN PARACHUTE!
source: http://www.whiterabbitcult.com/wall-street-collapses-ceos-get-mega-million-dollar-golden-par...
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- webgrafix
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Is this about the biggest BULLSHIT you have ever heard of? The Federal Government has to bail this pricks out, and they get fucking rich!
WASHINGTON — Some of the biggest financial firms that could benefit from the government’s rescue plan also have handed out some of Wall Street’s biggest paychecks to their top executives.
Goldman Sachs chief executive Lloyd Blankfein, for instance, took home nearly $54 million in salary, perks, bonuses and other stock awards in 2007. J.P. Morgan Chase chief executive James Dimon collected $30 million in cash, stock and options. And Wachovia chief executive G. Kennedy Thompson received total compensation of about $15.6 million.
As Congress and the Bush administration wrangle over the details of a $700 billion bailout plan for the financial-services industry, lawmakers are moving to make sure executives at firms that take taxpayer money don’t continue to receive gigantic paychecks or walk off with huge severance payments. The details on how such curbs would work have yet to be finalized.
WASHINGTON — Some of the biggest financial firms that could benefit from the government’s rescue plan also have handed out some of Wall Street’s biggest paychecks to their top executives.
Goldman Sachs chief executive Lloyd Blankfein, for instance, took home nearly $54 million in salary, perks, bonuses and other stock awards in 2007. J.P. Morgan Chase chief executive James Dimon collected $30 million in cash, stock and options. And Wachovia chief executive G. Kennedy Thompson received total compensation of about $15.6 million.
As Congress and the Bush administration wrangle over the details of a $700 billion bailout plan for the financial-services industry, lawmakers are moving to make sure executives at firms that take taxpayer money don’t continue to receive gigantic paychecks or walk off with huge severance payments. The details on how such curbs would work have yet to be finalized.
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- tags:
- Bailout, Wall Street, AIG, Lehman Brothers, 1 more
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simplecj
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I'M MAD AS HELL!!!!
- 3 years ago
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simplecj
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kaffegeek
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the failure was not the fault of the employees of AIG, LEHMAN, or any other holder of mortgage securities.
the fault for that is congress and the Clinton machine.
all of the executives at the mortage securites originators were democratic appointees. Raines and Gorelic, Senators Dodd, Clinton, and Obama, recieved more campaign money than any other politician. - 3 years ago
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kaffegeek
