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ceebeegeeThey should be tarred and feathered.
Even as the investment bank Lehman Brothers pleaded for a federal bailout to save it from bankruptcy protection, it approved millions of dollars in bonuses for departing executives, a Congressional committee was told Monday.
The first Congressional hearing into the causes of the financial crisis began with a portrayal of Lehman Brothers as a firm run by irresponsible leaders who continued to reward executives and spend billions on stock buybacks and other capital-depleting programs even as internal documents warned about the impending crisis.
What an unbelievable, unfathomable culture of entitlement. I'm just sitting here with my jaw hanging open.
four days before the bank filed for bankruptcy protection, Lehman’s compensation committee was asked to grant $20 million in “special payments” for three executives who were leaving
FOUR DAYS. Four. Days. These white collar welfare kings beg and plead to nurse at the public tit, while they suck their teeth and console themselves with their golden parachutes. It's Enron all. Fucking. Over. Again.
HATE.
Even as the investment bank Lehman Brothers pleaded for a federal bailout to save it from bankruptcy protection, it approved millions of dollars in bonuses for departing executives, a Congressional committee was told Monday.
The first Congressional hearing into the causes of the financial crisis began with a portrayal of Lehman Brothers as a firm run by irresponsible leaders who continued to reward executives and spend billions on stock buybacks and other capital-depleting programs even as internal documents warned about the impending crisis.
What an unbelievable, unfathomable culture of entitlement. I'm just sitting here with my jaw hanging open.
four days before the bank filed for bankruptcy protection, Lehman’s compensation committee was asked to grant $20 million in “special payments” for three executives who were leaving
FOUR DAYS. Four. Days. These white collar welfare kings beg and plead to nurse at the public tit, while they suck their teeth and console themselves with their golden parachutes. It's Enron all. Fucking. Over. Again.
HATE.
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no subject
Date: 2008-10-06 07:29 pm (UTC)no subject
Date: 2008-10-06 08:07 pm (UTC)Did Carlos coach you on this one? *runs*
-elf-
no subject
Date: 2008-10-07 01:14 pm (UTC)no subject
Date: 2008-10-06 07:33 pm (UTC)He nonetheless received a million-dollar golden parachute upon his departure. And we only have about 500 million in revenues every year.
It's weird, it's almost like they're getting married to the companies they work for instead of being employees. They have prenups and everything.
no subject
Date: 2008-10-07 05:29 am (UTC)