09-15-2008, 05:47 PM
Lehman = dead, ML = going to Bank of America (I wonder if you can now open a brokerage account without a social security number, or if that's only for BoA loan customers:P).
I saw too that NY state is trying to bail out AIG. I wonder if AIG executives will the similar bonuses to FM and FM's executive compensation packages on buyout by the federal government. Ain't it great to see "performance" based compensation for executives? Run your business into the toilet, then get millions of dollars in bonus compensation just to get rid of you. Damn, I knew I should have gotten an MBA ... nothing like getting paid megabucks to fail. I wish I could get that kind of deal:) I make a mistake in the application process I'm summarily dropped from consideration. If I were a C-level exec on the other hand, running the corporation into oblivion is the ticket to fast wealth without ever having to set foot in the workplace again.
My real question is this. When are some of these execs who have lied, cheated, stolen, etc. going to actually spend time in jail like the common criminals they are? Answer, um, er, uh, never. As a bumper sticker said : "Invest in America, buy a congressman."
BTW... anybody feel like buying some securitized housing debt?:P
I saw too that NY state is trying to bail out AIG. I wonder if AIG executives will the similar bonuses to FM and FM's executive compensation packages on buyout by the federal government. Ain't it great to see "performance" based compensation for executives? Run your business into the toilet, then get millions of dollars in bonus compensation just to get rid of you. Damn, I knew I should have gotten an MBA ... nothing like getting paid megabucks to fail. I wish I could get that kind of deal:) I make a mistake in the application process I'm summarily dropped from consideration. If I were a C-level exec on the other hand, running the corporation into oblivion is the ticket to fast wealth without ever having to set foot in the workplace again.
My real question is this. When are some of these execs who have lied, cheated, stolen, etc. going to actually spend time in jail like the common criminals they are? Answer, um, er, uh, never. As a bumper sticker said : "Invest in America, buy a congressman."
BTW... anybody feel like buying some securitized housing debt?:P