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2008-12-22 Home Front Economy
US Banks paid execs up to 1.6 bln
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Posted by Fred 2008-12-22 00:00|| || Front Page|| [2 views ]  Top

#1 The benefits have include cash bonuses, stock options, personal use of company jets and chauffeurs, home security, country club memberships and professional money management

. . . and haircuts, franking priviledges, fully funded pensions, no pay into social security, and more.

Oh wait, that's for US congress critters. My bad.
Posted by GORT 2008-12-22 09:07||   2008-12-22 09:07|| Front Page Top

#2 You take the taxpayers dollars in 'bailout' you take the federal pay cap for all your executives. See how many 'institutions' discover other ways of funding. Bonuses in illiquid paper/assets only.
Posted by P2k on holiday 2008-12-22 10:32||   2008-12-22 10:32|| Front Page Top

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