Ugh! Subprime Follies and Profits to the CEOsSomervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 

Ugh! Subprime Follies and Profits to the CEOs
 


21 November 2007 at 2:34:13 PM
salon

I was reading an article about how the heck the bankers managed to screw up so badly on the mortgage industry (gee, I can tell them that! How about some REGULATION and don't friggin give mortgages to people who cannot afford the payments????) Anyway, this stuck out.

Not anymore. Prince resigned on Nov. 4 with a golden parachute worth an estimated $43 million. His resignation came days after Merrill Lynch CEO Stanley O'Neal was forced out, taking with him compensation worth $160 million. Neither man had "dirt under the fingernails" experience in the complex mortgage-finance market.

Must be nice. You can be a total screwup, as Prince was, in charge of Citigroup, and have to resign but still get a dang golden parachute package worth FORTY THREE MILLION DOLLARS!!!! And, boo-hoo, Merrill Lynch's CEO, who you'll notice was FORCED OUT, got ONE HUNDRED AND SIXTY MILLION DOLLARS. So I guess as he was being forced out the door, he pried open everyone's wallets!


Permalink
     Views: 1115 
Latest Blog Post by salon -Video- Somervell County Commissioners Court Special Sessions (2) Dec 23 2019

 You! Leave a Comment! You Know you Want To!
You must be a registered member to comment on the blog.
Your first post is held pending approval to make sure you're not a spammer bot

 Not registered? Or you can login!

LOGON - Name:Password:

New poster comments are moderated, meaning they won't show up until approved... or not.  Be patient-we have lives outside this blog, so it might take awhile You want to be rude? totally stupid? inappropriate? Racist? Bigoted? Flame war baiter? Your post may be deleted. Spammers or people posting pretend interest comments but really wanting to hawk their latest book or sell stuff or govt propaganda flacks won't see their posts published. Comments do not necessarily reflect the viewpoint of the site owner(salon).
If you have a problem with logging in or registering, please speak up right away. Love your comments. Oh, except spammers
More on commenting



     

Click Here for Main Page



Guest
Today Is  
Monday, January 27, 2020

Latest Posts


Paul Harper offered to settle State of Texas ex rel. Best v Harper lawsuit for $68k back in 2016
pharper 12/29/2019 Views 675



Video- Somervell County Commissioners Court Special Sessions (2) Dec 23 2019

salon 12/23/2019 Views 706



Top 100 Posts on Somervell County Salon for 2019

salon 12/22/2019 Views 509



Plans for Somervell County Salon Blog for 2020
salon 12/22/2019 Views 409



Imagine you were called up for jury duty and some people said they'd already made up their mind
salon 12/22/2019 Views 430



National Review on Removing Trump from Office (12/2019)
salon 12/22/2019 Views 424


More Blog Headlines








 



Comments

salon > Quick update on this, via Pacer-Click on pic to see larger (Turk Case Update- Telephone Conference Hearing Set for March 8 2019 )

salon > Lance Been awhile. Send me an email at salon@glenrose.net with the names of who you're talking about, above. Also, the newspaper editor is no longer local, ie officed here, but the paper is run.... (What Happened to Jerry Jacene? )

LanceHall > I'd love to see the Hotel Guest books and see if Jacene's name shows up long before he officially *found* the tracks.  I'd like to know if the Visitor's Bureau has emails wit.... (What Happened to Jerry Jacene? )

LanceHall > I see the land or that part of it is now in the hands of Glen Rose's own Corky Underwood. Is Jacene still involved?   I had already informed the Visitor Bureau manager (who's.... (What Happened to Jerry Jacene? )





Home | Blog Home | About | News | Piazza | Calendar | Audio/Video/Open Rec | Search
Write!  |profile | quotes |
top Daily | top Weekly |top Month | top Year | Top All! | archives | subscribe RSS