Culprits of Wallstreet collapse bail-out. With bonuses.


	Culprits of Wallstreet collapse bail-out. With bonuses.

Bluepill

9-26-2008 1:54 AM

29 views

tags:

us recession, us economy, mortgage crisis

Bluepill says:

Former CEOs of US financial giants that are currently on its knees were paid millions of dollars in separation pay and walked away before the s**t hit the fan. Sweet.

1 Comment |

Add a Comment

9-26-2008 2:01 AM

dulios

I'm apparently in the wrong line of work...

Login to Comment. Not a member yet? Sign up

Today's Top Clips

visit the Top Clips page

View the Top Clips from September 26, 2008

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/db17c15d-d685-4895-b4d1-7776e3dc3305/C90B68AB-EF5E-4D65-B806-B44199F09ACC/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/ap/20080925/ap_on_bi_ge/bailout_ceo_pay" href="http://news.yahoo.com/s/ap/20080925/ap_on_bi_ge/bailout_ceo_pay" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080925/ap_on_bi_ge/bailout_ceo_pay"><P><SPAN id="lw_1222391373_2" class="yshortcuts">Stanley O'Neal</SPAN> walked away from <SPAN id="lw_1222391373_3" class="yshortcuts">Merrill Lynch</SPAN> with a package now worth about $66 million. Less than a year later, the storied investment house was forced into a takeover by <SPAN id="lw_1222391373_4" class="yshortcuts">Bank of America</SPAN>.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080925/ap_on_bi_ge/bailout_ceo_pay"><P><SPAN id="lw_1222391373_5" class="yshortcuts">Ken Thompson</SPAN> was ousted from <SPAN id="lw_1222391373_6" class="yshortcuts">Wachovia</SPAN> in June with a "<SPAN id="lw_1222391373_7" class="yshortcuts">golden parachute</SPAN>" now worth more than $5 million, and Chuck Prince was forced out at <SPAN id="lw_1222391373_8" class="yshortcuts">Citigroup</SPAN> with a parting gift now valued at $16 million.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080925/ap_on_bi_ge/bailout_ceo_pay"><P>They are among the best-known former CEOs in the American banking industry — an industry that, after they left, was brought to its knees in a crisis that had lawmakers warning about the possibility of outright panic or even another <SPAN id="lw_1222391373_9" class="yshortcuts">Great Depression</SPAN>.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080925/ap_on_bi_ge/bailout_ceo_pay"><P>"These guys took all this risk, and ultimately they won't have to suffer the consequences of their decisions," said <SPAN id="lw_1222391373_10" class="yshortcuts">Barry Ritholtz</SPAN>, who writes the popular financial blog The Big Picture and is CEO of research firm FusionIQ.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C90B68AB-EF5E-4D65-B806-B44199F09ACC/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

New from the makers of Clipmarks: Amplify.com - Don't just share the news...Amplify it!

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Copyright; Privacy; EULA

Search Options

Today's Top Clips