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Old 10-06-2008, 11:20 AM
 
Location: San Diego
940 posts, read 3,006,273 times
Reputation: 457

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Why do CEO's and upper management always try to shift the blame to shareholders and the common man? Why don't they understand the concept of greed? Lehman Brothers did not collapse because of a lack of confidence, it collapsed because it was a *****ty insolvent company!!! He said what happened to them could have happened to any institution. Please, someone, make sure that my laughter doesn't kill me!

I suppose our country is going to collapse because of its citizens' lack of confidence as opposed to our national debt and failing economic financial sector, right? Sigh!!!
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Old 10-06-2008, 11:23 AM
 
1,788 posts, read 3,710,477 times
Reputation: 1048
I watched congress today questioning this POS. I was in awe at the arrogance of this person. These slime belong behind bars. They are crooks. He was questioned if he thought his $480,000,000 compensation package was fair. That is 480 MILLION FOLKS! and he side stepped the question.

How in God's name can somebody who drove a 100 year old company into the ground and killed the hard working American tax payers, be entitled to $480,000,000 in compensation? Anyone?

This is just sickening.
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Old 10-06-2008, 11:36 AM
 
Location: San Diego
940 posts, read 3,006,273 times
Reputation: 457
Quote:
Originally Posted by CarolinaCowboy View Post
I watched congress today questioning this POS. I was in awe at the arrogance of this person. These slime belong behind bars. They are crooks. He was questioned if he thought his $480,000,000 compensation package was fair. That is 480 MILLION FOLKS! and he side stepped the question.

How in God's name can somebody who drove a 100 year old company into the ground and killed the hard working American tax payers, be entitled to $480,000,000 in compensation? Anyone?

This is just sickening.
these are definitely depressing times. if we're not in a great depression right now, my family is and that's all that matters to me ,

excellent post by the way
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Old 10-06-2008, 11:38 AM
 
Location: Charlotte, NC
11,838 posts, read 26,758,793 times
Reputation: 2798
Instead of $480 million I think he should be drawn & quartered. What possible incentive is there to make your company profitable if you are assured of a golden parachute like that one? And, who in their right mind would hire that idiot to run another company?
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Old 10-06-2008, 06:56 PM
 
48,507 posts, read 90,845,049 times
Reputation: 18204
Becu8ase just as the feds tied the salaries og Fannie Mae and freddie zMac to the books ;companies do the same .Investors want retur and if the return is good then they are rewarded.Salesman have woriked on commission for ages and most CEO are payed the following year for perforance the years before.It much the same in professional sports and many other things.Tyhat is why stock options are so frequeantly the real pay-offf for CEO's and many down beloe him. Remember that they are not that numerous.
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Old 10-06-2008, 07:04 PM
 
2,541 posts, read 10,832,678 times
Reputation: 984
^^^

Please explain that in Lehman's terms (pun intended)

and technically this bankruptcy was building for a long time, so how was the performance during those previous years satisfactory?
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Old 10-06-2008, 07:11 PM
Rei
 
Location: Los Angeles
494 posts, read 1,693,890 times
Reputation: 233
Quote:
Please explain that in Lehman's terms (pun intended)
In lehman's terms: who cares about other people... Fkcuk other people...
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Old 10-06-2008, 08:42 PM
 
Location: Raleigh, NC
9,043 posts, read 12,254,593 times
Reputation: 1396
See if we all just got Tony Robbins in here to make us feeeeeeel good about the economy, we wouldn't be in panic mode.
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Old 10-06-2008, 09:37 PM
 
Location: West Michigan
654 posts, read 3,282,877 times
Reputation: 578
I think all those crooks in those businesses need a dose of the 'T-Virus'....
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Old 10-06-2008, 10:54 PM
 
4,271 posts, read 14,598,563 times
Reputation: 3412
I'd like to know who punched that f*cker 'cuz I want to send him a check:

Knock Out: CNBC Confirms Lehman CEO Punched at Gym (http://www.businessandmedia.org/articles/2008/20081006150152.aspx - broken link)
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