WALL STREET COLLAPSES…. CEO’S GET MEGA MILLION DOLLAR GOLDEN PARACHUTE!
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Is this about the biggest BULLSHIT you have ever heard of? The Federal Government has to bail this pricks out, and they get fucking rich!
WASHINGTON — Some of the biggest financial firms that could benefit from the government’s rescue plan also have handed out some of Wall Street’s biggest paychecks to their top executives.
Goldman Sachs chief executive Lloyd Blankfein, for instance, took home nearly $54 million in salary, perks, bonuses and other stock awards in 2007. J.P. Morgan Chase chief executive James Dimon collected $30 million in cash, stock and options. And Wachovia chief executive G. Kennedy Thompson received total compensation of about $15.6 million.
As Congress and the Bush administration wrangle over the details of a $700 billion bailout plan for the financial-services industry, lawmakers are moving to make sure executives at firms that take taxpayer money don’t continue to receive gigantic paychecks or walk off with huge severance payments. The details on how such curbs would work have yet to be finalized.
This prick gets Multi Million Dollar GOLDEN PARACHUTE!
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Tags: aig, bailouts, golden parachutes, goldman sachs, government bailout, jp morgan chase, wachovia, wall street bailout, wallstreet
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November 19, 2008 pm30 9:55 pm
AMERICAS MUST DEMAND ENFORCEMENT OF THE LAW.
America must Demand recovery
UNJUST ENRICHMENT
All Bail out CEOs Bonuses can be recovered even from years past.. America Over $200B This will stop the corruption in its tracks and stop the market fear. Unjust Enrichment Law will recover CEO’s Bonuses. The only B.S. will come from the one’s being paid to stop or prevent it from being filed in court. Ask any to swear an oath that Unjust Enrichment cannot be filed. Perjury for any who lie under oath. America Demand Justice now Knowledge is immaterial under the law of unjust enrichment
Wed, 4 Jan 2006 17:23:00 -0500
Re: Unjustly enriched executive
“Former HealthSouth Corp. chief executive officer Richard Scrushy has been ordered by a judge to repay his former company more than $47.8 million in bonuses, according to published reports. … Judge Allwin E. Horn III of Jefferson County Circuit Court in Birmingham, who made the ruling as part of a summary judgment in a shareholder lawsuit, determined that Scrushy is not entitled to the payments whether or not he participated in the fraud or knew about the scheme.” HealthSouth lost money, making Scrushy and other executives ineligible for any bonuses.”
Knowledge is immaterial under the law of unjust enrichment,’ the judge
reportedly wrote. ‘Scrushy was unjustly enriched by these payments to the detriment of HealthSouth. And to allow Scrushy to retain the benefit of
these payments would be unconscionable.’
Ask Our Lord Jesus Christ for forgiveness. before all hell breaks loss True Justice Will be Paid and no amount of money will matter. God is my witness