they just don’t get it…and never will
Up to 10,000 staff at the New York office of the bankrupt investment bank Lehman Brothers will share a bonus pool set aside for them that is worth $2.5bn (£1.4bn), Barclays Bank, which is buying the business, confirmed last night.
Wonderful – Looks like they’ll get their golden parachutes.
If there’s one thing I’d support in any new legislation it’d be something to stop this. If you’re the head of one of these companies and it goes under due to your gross mismanagement you should suffer the financial consequences.
Yeah, just like Carly Fiorina!
You are all just envious of success.
Anon – If upper management runs a company into the ground is that “success?”
Mike W… that whooshing sound high above your head? That was sarcasm.
somehow I don’t think this will fly
I can top this one. When our management took our pensions, they in turn took $45 million from a taxpayer fund created after 9/11 to protect senior mangament’s pensions in a bankrupt proof account.
Yes, that is right. All of you paid for the pensions of the senior management of Delta Airlines.
There are similiar stories all over the airline industry. For the last two years we have been trying to pass some retirement friendly legislation in Congress to protect the small fraction (5%) of our pension and a claimn sale of stock which was given to us and the Democratic Congress can’t get it done.