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  #1  
Old 11-21-2008, 06:27 PM
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tstew tstew is offline
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Salaries of the CEOs of the trouble companies

I ran into this nice little article online. It is unreal what these CEOs made last year as they steered their companies into the proverbial iceberg.

Here's just a little sample:
COMPANY: Lehman Brothers
CEO: Richard S. Fuld

2007 TOTAL COMPENSATION: $34,382,036 , (according to SEC. Source: AFL-CIO Executive PayWatch Database)

FINANCIALS: Stock closed at 14 cents on Oct. 7, down from 52-week high of $67.73.
JOBS LOST: 6,000 in '07; 1,400 in '08. Many more at risk, but Barclays deal could save 9,000 out of 25,000 jobs worldwide. Most NYC employees now expected to keep jobs.




For more go here:
http://www.nydailynews.com/money/top...pensation.html
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  #2  
Old 11-21-2008, 06:29 PM
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Cindy Cindy is offline
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Re: Salaries of the CEOs of the trouble companies

Yeah they fly in their private jets to talk to the government for bailouts.
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If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
2 Chronicles 7:14 KJV

He hath shewed thee, O man, what is good; and what doth the LORD require of thee, but to do justly, and to love mercy, and to walk humbly with thy God? Micah 6:8 KJV

Beloved, now are we the sons of God, and it doth not yet appear what we shall be: but we know that, when he shall appear, we shall be like him; for we shall see him as he is. 1 John 3:2 KJV
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  #3  
Old 11-21-2008, 06:56 PM
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Re: Salaries of the CEOs of the trouble companies

How can I get on the gravy train?
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  #4  
Old 11-21-2008, 06:59 PM
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Esther Esther is offline
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Re: Salaries of the CEOs of the trouble companies

Quote:
Originally Posted by tstew View Post
I ran into this nice little article online. It is unreal what these CEOs made last year as they steered their companies into the proverbial iceberg.

Here's just a little sample:
COMPANY: Lehman Brothers
CEO: Richard S. Fuld

2007 TOTAL COMPENSATION: $34,382,036 , (according to SEC. Source: AFL-CIO Executive PayWatch Database)

FINANCIALS: Stock closed at 14 cents on Oct. 7, down from 52-week high of $67.73.
JOBS LOST: 6,000 in '07; 1,400 in '08. Many more at risk, but Barclays deal could save 9,000 out of 25,000 jobs worldwide. Most NYC employees now expected to keep jobs.




For more go here:
http://www.nydailynews.com/money/top...pensation.html
I have a major problem with that as well. Not to mention giving them bonus for their mess ups!.
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  #5  
Old 11-21-2008, 07:24 PM
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Re: Salaries of the CEOs of the trouble companies

Quote:
Originally Posted by Esther View Post
I have a major problem with that as well. Not to mention giving them bonus for their mess ups!.
To me the insult to injury was not absolutely barring them from doing the same types of things with the bailout money. It just reeks to me of the financial equivalent of an outgoing administration handing out legal pardons.
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Either the United States will destroy ignorance, or ignorance will destroy the United States. – W.E.B. DuBois
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  #6  
Old 11-21-2008, 07:29 PM
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Esther Esther is offline
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Re: Salaries of the CEOs of the trouble companies

Quote:
Originally Posted by tstew View Post
To me the insult to injury was not absolutely barring them from doing the same types of things with the bailout money. It just reeks to me of the financial equivalent of an outgoing administration handing out legal pardons.
I have to agree with you.
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  #7  
Old 11-21-2008, 07:30 PM
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tstew tstew is offline
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Re: Salaries of the CEOs of the trouble companies

Quote:
Originally Posted by Esther View Post
I have to agree with you.
Pardon me, I'll have to savor this moment for a while...it doesn't happen often.


J/K
__________________
There are no weapons of mass destruction in Iraq, Chuck Norris lives in Houston.



Either the United States will destroy ignorance, or ignorance will destroy the United States. – W.E.B. DuBois
My Countdown Counting down to: The Apocolypse
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  #8  
Old 11-21-2008, 07:35 PM
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Esther Esther is offline
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Re: Salaries of the CEOs of the trouble companies

Quote:
Originally Posted by tstew View Post
Pardon me, I'll have to savor this moment for a while...it doesn't happen often.


J/K
lol behave. I have agreed with you a lot, just not a lot on politics.
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Quiet moments, WORSHIP GOD.
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  #9  
Old 11-21-2008, 07:49 PM
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Cindy Cindy is offline
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Re: Salaries of the CEOs of the trouble companies

Quote:
Originally Posted by tstew View Post
To me the insult to injury was not absolutely barring them from doing the same types of things with the bailout money. It just reeks to me of the financial equivalent of an outgoing administration handing out legal pardons.
Yes, I imagine they have a few "essentials" they could sell too.
__________________
If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
2 Chronicles 7:14 KJV

He hath shewed thee, O man, what is good; and what doth the LORD require of thee, but to do justly, and to love mercy, and to walk humbly with thy God? Micah 6:8 KJV

Beloved, now are we the sons of God, and it doth not yet appear what we shall be: but we know that, when he shall appear, we shall be like him; for we shall see him as he is. 1 John 3:2 KJV
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  #10  
Old 11-21-2008, 08:30 PM
gulfcoastbrother gulfcoastbrother is offline
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Re: Salaries of the CEOs of the trouble companies

What about President Elect Hussein spending 2 million on his victory part on election night???
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