Here is an excerpt from a beautifully written article by Jon Carroll: But of course there’s lots of time for drinking, eating, swimming, unwise one-night stands, inappropriate inebriated rants within earshot of the wrong people and perhaps a little minor property damage. In my experience, most employees consider these “fun events” a chore and would … More " The Wells Fargo Wagon Ain't Comin' "
Here is an excerpt from a beautifully written article by Jon Carroll: But of course there’s lots of time for drinking, eating, swimming, unwise one-night stands, inappropriate inebriated rants within earshot of the wrong people and perhaps a little minor property damage. In my experience, most employees consider these “fun events” a chore and would … More ” The Wells Fargo Wagon Ain’t Comin’ “
Barack Obama is limiting the salaries of executives at companies that receive tax payer funded assistance. For the love of God, we have a President with a brain that works! He is far more generous than I would be, but I don’t know everything that he knows so I’ll give him a little latitude. That … More A Compensation Plan We Can Believe In: Taking The Air Out Of The Golden Parachutes
“What most people don’t understand is that this program was designed to the detail by Congress,” Preston said. “Congress dotted the i’s and crossed the t’s for us, and unfortunately it has made this program tough to use.” The criticism comes as Congress prepares to weigh in with further plans to help distressed borrowers facing … More Surprise! Bailout isn't helping those that need help…
“What most people don’t understand is that this program was designed to the detail by Congress,” Preston said. “Congress dotted the i’s and crossed the t’s for us, and unfortunately it has made this program tough to use.” The criticism comes as Congress prepares to weigh in with further plans to help distressed borrowers facing … More Surprise! Bailout isn’t helping those that need help…
Marc S. Dreier knew the 45th-floor conference room of Solow Realty well. He had been in it many times as a trusted lawyer for the company’s founder. So nothing seemed amiss when he showed up one afternoon in October and told a receptionist he had a meeting with her boss, people associated with Solow say. … More Yet Another "Wall Street" Scam, This Time About $380M
Marc S. Dreier knew the 45th-floor conference room of Solow Realty well. He had been in it many times as a trusted lawyer for the company’s founder. So nothing seemed amiss when he showed up one afternoon in October and told a receptionist he had a meeting with her boss, people associated with Solow say. … More Yet Another “Wall Street” Scam, This Time About $380M
Hundreds of people are thought to have invested with Mr Madoff, among them international banks, hedge funds and wealthy private investors – who are all trying to find out the cost of the alleged fraud. Spanish newspapers said the leading bank Santander had invested with Mr Madoff. Bramdean Alternatives, a UK-based asset management company run … More Bernard Madoff, ex-head of the Nasdaq stock market, pulls off $50B Wall Street Scam
“It is almost impossible to overstate the short-sightedness and pigheadedness of the management teams at the Big Three automakers. In the past few years GM executives have repeatedly derided the idea of a business model based on building fuel efficient cars and have pinned much of their hopes on selling luxury vehicles in China.” Read … More The Big 3 Auto Makers Want Your Money Too; Should We Give It To Them?
“They just can’t help themselves, can they? Call it “retention pay” or “cash bonuses” or some other euphemism — but the fact is that your tax dollars are going to reward people who are lucky to even have jobs. There should have been a housecleaning that swept the entire top level of managers out on … More We should have let AIG close their doors, they're a bunch of sheisters (no pay, my ass)
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