U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 09-30-2008, 04:57 AM
 
Location: Way up high
17,351 posts, read 23,116,249 times
Reputation: 20656

Advertisements

How is it possible that only a few weeks on job, this guy is walking away with almost 13 million that included a 6 million sign on bonus??? WTF???????? How is that even possible???
Rate this post positively Reply With Quote Quick reply to this message

 
Old 09-30-2008, 06:37 AM
 
371 posts, read 1,467,082 times
Reputation: 184
See, these are the things that really urk me! Use that money to pay off if this crisis, he DOES NOT deserve that money! Not fair and then they wonder why we are angry, mad and just pissed off about this whole bailout shame out!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-30-2008, 07:41 AM
 
706 posts, read 1,206,053 times
Reputation: 438
Welcome to Wall Street and the world of big banking. This is why we should never support the bailout of these banks. They are so arrogant they continue to do things like this today.

I wonder how much the tellers with 3 children get when JPM says we have to close this branch ?

Disgusting
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-30-2008, 07:46 AM
 
5,656 posts, read 17,968,845 times
Reputation: 4054
Until this kind of thing stops - the politicians should realize no one will have any confidence in the markets because this type of thing just shows that wall street runs this country. They get rewarded no matter how bad they scr*w up ... as for us middle class folks, we're fired with NO severance if we mess up bad in our jobs.

We get terminated for no reason at all as it is. (they blame it on business conditions)

And if the polticians can't figure out that is the reason why so many voters are anti-bailout, they are truly idiots.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-30-2008, 09:52 AM
 
Location: Way up high
17,351 posts, read 23,116,249 times
Reputation: 20656
I know, isn't it just total BS!!!???? I just don't see how it is possible with the way things are?? Also, is Wachovia's CEO going to get a huge severance package also??? I'd like to see how the possible 20,000 in Charlotte will feel when they loose their jobs take that.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-30-2008, 10:22 AM
 
19,699 posts, read 59,595,835 times
Reputation: 36591
These guys are literally taking their lives in their own hands. If there is a severe downturn, and enough rednecks (or their wives) get put out of work and p*ssed off enough, eventually there will be one that loses it and takes a varmint gun for some hunting. You seriously don't want to deprive a redneck of his beer or ability to watch NASCAR and football. Even the Romans knew that.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-30-2008, 10:40 AM
 
Location: Sarasota, Florida
3,412 posts, read 9,534,435 times
Reputation: 2012
I wonder if those CEOs with fat pockets now sleeping with a gun under their pillows.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-30-2008, 10:43 AM
 
14,027 posts, read 20,248,369 times
Reputation: 23561
Quote:
Originally Posted by himain View Post
How is it possible that only a few weeks on job, this guy is walking away with almost 13 million that included a 6 million sign on bonus??? WTF???????? How is that even possible???
Hey he must have put in some overtime.

That's the good thing about the no-bail out vote. We need to get back to what happened in the great depression - bankers and CEO's in those days would jump out windows, no golden parachute, no parachute at all. Hopefully a few of those greedy b#stards took that leap yesterday when they found their bail-out money might not be coming.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-30-2008, 10:49 AM
 
Location: Houston, Texas
10,420 posts, read 46,465,796 times
Reputation: 10467
The pay scales in this country are so unbalanced.

How many of you know in your heart that you are far more intelligent then that M>>&*#(&#*^ _______ fill in the blank CEO? I know, every one of you do.

Remember......that is YOUR money that is paying them. All those $39 late fees, $7 or more a month checking accounts, $5 for money orders, Junk fees up the kazoo for origionating mortages and other loans, 10% transfer fees, and the list goes on and on.

Today junk misc fees account for 40% of any banks gross revenue.

Now think about those poor tellers who make $8/hr with no bennies. No way on earth one can make it on that kind of salary in this age. I wonder of the CEOs know this?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 09-30-2008, 11:05 AM
 
28,900 posts, read 49,179,090 times
Reputation: 46323
Quote:
Originally Posted by himain View Post
How is it possible that only a few weeks on job, this guy is walking away with almost 13 million that included a 6 million sign on bonus??? WTF???????? How is that even possible???
Well, did it ever occur to you that he was hired with one directive in mind from the board of directors, namely to sell the company before it bankrupted?

If so, then the guy earned his paycheck.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top