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More Of The Same.....
Posted: Thu Mar 19, 2009 7:55 am
by Appaholic
Four Fannie Mae execs to get big bonuses
Troubled mortgage giant Fannie Mae planned to pay four top executives retention bonuses ranging from $470,000 to $611,000, according to a February SEC filing......
....The bonuses were necessary to keep Fannie's most experienced executives working to reverse the effects of the mortgage crisis, FHFA Director James B. Lockhart told CNN.
http://edition.cnn.com/2009/POLITICS/03 ... index.html
Re: More Of The Same.....
Posted: Thu Mar 19, 2009 8:10 am
by dgreco
this is getting ridiculous. I feel like reality has ceased to exist.
Re: More Of The Same.....
Posted: Thu Mar 19, 2009 8:35 am
by ASUMountaineer
I love "retention" bonuses to keep the fcuking morons with the company that caused the company to practically go bankrupt. Am I the only one that sees the madness in what the government and these companies are doing?!?!? Where I come from, if you bankrupt a company, your ass is on the curb. What a joke.
Re: More Of The Same.....
Posted: Thu Mar 19, 2009 8:42 am
by AZGrizFan
ASUMountaineer wrote:I love "retention" bonuses to keep the fcuking morons with the company that caused the company to practically go bankrupt. Am I the only one that sees the madness in what the government and these companies are doing?!?!? Where I come from, if you bankrupt a company, your ass is on the curb. What a joke.
Yeah. I'd LOVE a high six figure bonus for running a company into the ground. I'd run it in a LOT faster, if that were the reward!
Re: More Of The Same.....
Posted: Thu Mar 19, 2009 8:45 am
by hank scorpio
Retention my ass, nobody in their right mind would hire these clowns!
Re: More Of The Same.....
Posted: Thu Mar 19, 2009 12:17 pm
by ASUMountaineer
AZGrizFan wrote:ASUMountaineer wrote:I love "retention" bonuses to keep the fcuking morons with the company that caused the company to practically go bankrupt. Am I the only one that sees the madness in what the government and these companies are doing?!?!? Where I come from, if you bankrupt a company, your ass is on the curb. What a joke.
Yeah. I'd LOVE a high six figure bonus for running a company into the ground. I'd run it in a LOT faster, if that were the reward!
Exactly...where can I sign up for that gig? I could do it in 2 months easy. Through in an extra $50k, I'll have it bankrupt in half the time! If I am unsuccessful, I'll take my severence package, thanks.
Re: More Of The Same.....
Posted: Fri Mar 20, 2009 6:56 am
by Pwns
Why not just let them quit? I'm sure that there are willing and able people high up in Fannie and Freddie ranks are willing to work without the bonuses. Hell, find someone in middle management who has demonstrated a good work ethic and accumen for their business.
Re: More Of The Same.....
Posted: Fri Mar 20, 2009 10:47 am
by Cleets Part 2
But... but... this is free market capitalism
just 12 months ago Americans were told to STFU about executive bonus structures..!!!
Free Market Capitalism has it all under control...
Re: More Of The Same.....
Posted: Fri Mar 20, 2009 10:52 am
by Cleets Part 2
One nation, under God, with Liberty, large fries, and a Coke to go....
this is what really matters to America