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@Ontario

After destroying the economy, accepting $350 Billions taxpayers' money, Wall Street banks hand out huge bonuses and party on. After all, how can you expect bank executives to live on less than 10 Millions a year?

omega4(omega)
On the pay issue, the average paid to each of the top executives at the banks in bailout was $2.6 million in salary, bonuses and benefits. The head of Goldman Sachs got nearly $54 million in compensation, and the top five executives got a total of $242 million. Goldman received $10 billion in taxpayer bailout help on Oct. 20. This year, the execs won't collect stock and cash bonuses and will have to get by on $600,000 salaries. Somebody want to reach some tissues over here?

At Merrill Lynch, chief executive John A. Thain received $83 million in earnings. Merrill got a $10 billion check from Uncle Sam, too.

Many of the executives also enjoy the use of company jets and paid club members and drivers and cars. No word on whether any were carried through the hallways at work on gilded chairs held up by assistant vice presidents. And get this: The geniuses also were offered financial planning help paid for by their companies.
(#4944264@0)
Last Updated: 2008-12-24
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Replies, comments and Discussions:

  • 枫下茶话 / 政治经济 / After destroying the economy, accepting $350 Billions taxpayers' money, Wall Street banks hand out huge bonuses and party on. After all, how can you expect bank executives to live on less than 10 Millions a year? -omega4(omega); 2008-12-24 {940} (#4944264@0)
    On the pay issue, the average paid to each of the top executives at the banks in bailout was $2.6 million in salary, bonuses and benefits. The head of Goldman Sachs got nearly $54 million in compensation, and the top five executives got a total of $242 million. Goldman received $10 billion in taxpayer bailout help on Oct. 20. This year, the execs won't collect stock and cash bonuses and will have to get by on $600,000 salaries. Somebody want to reach some tissues over here?

    At Merrill Lynch, chief executive John A. Thain received $83 million in earnings. Merrill got a $10 billion check from Uncle Sam, too.

    Many of the executives also enjoy the use of company jets and paid club members and drivers and cars. No word on whether any were carried through the hallways at work on gilded chairs held up by assistant vice presidents. And get this: The geniuses also were offered financial planning help paid for by their companies.
    • Plenty of people here get angry when government gives automakers $16 B even though their CEOs accept $1 salary. But no one seems to care when bank executives receive $2 Billion dollars bonuses after the government gave them $350 B. How interesting! -omega4(omega); 2008-12-24 (#4944555@0)
      • that sucks. -humormaster(李聃--乐山乐水乐美人); 2008-12-24 (#4944695@0)
      • 这和形用卡制度一样，没什么大惊小怪的。 -steve888(Steve曾经曰过); 2009-1-9 (#4973327@0)
    • It is sadly true. One relevant fact is Wall Street spent hundreds of millions dollars on lobbying. They are the top donors to O8 as well. Then they are allowed to take billions from tax payers. Something is very wrong here. -calgarian(目光似（比）月色寂寞); 2008-12-28 (#4949419@0)
      • indeed. and the cloud is moving over our heads now -mikesmith(老猫); 2009-1-9 (#4973317@0)
    • Nobody really care about the poor ! -dvd(weiwei); 2009-1-9 {229} (#4973391@0)
      This society system is built for the maximum profit of the rich, if you are poor, your voice unheard and definitely being used as a "tool" to build the prosperity for the rich. The system sucks you every penny to feed the rich.
      • remember, the government really cares about the rich, they work for the rich! unfortunately the poor's voice unheard and their money being rip-off by government.. -dvd(weiwei); 2009-1-9 (#4973400@0)

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