Multi-Million Dollar Bonuses are Destroying the World Economy
In today’s unfettered and unregulated form of capitalism what is the compensation for complete financial destruction of everything you touch? Apparently tens of millions of dollars in bonuses that never have to be paid back.
N.Y. Times writer Louise Story chronicles the sordid tale of woe left behind by miscreants Dow Kim, E. Stanley O’Neal, Osman Semerci, Dale M. Lattanzio and Douglas J. Mallach. They are pathetic.
Source:
http://www.nytimes.com/2008/12/18/business/18pay.html?pagewanted=1&_r=1&sq=dow%20kim&st=cse&scp=1
***
-
Jeff Gundlach: “The Situation has Changed”Jeffrey Gundlach, chief executive officer of Doubleline Capital, told...
- October 5, 2018
-
Preferred Stock ETF Allocation IncreasedThe allocation to iShares U.S. Preferred Stock ETF (PFF)...
- October 2, 2018
-
AT&T and BT Group Added to the SMA PortfolioWeakness in the telecom sector, along with rising interest...
- May 18, 2018
-
Is the Retirement Crisis Really a Crisis?PBS Frontline recently presented a documentary called “The Retirement...
- April 25, 2013
-
Alarming Chart of the Stock Markets of 1987 and 2012-2013Several days ago I posted a chart showing the...
- May 22, 2013
-
Gary Shilling’s Favorite Investment: 30 Year Treasuries
Larry Kudlow interviewed Gary Shilling last week. Shilling continues...
- June 23, 2011
