AN OASIS IN A WORLD OF HACKS, HUSTLERS, AND HIRED SPIN
posted by The Cunning Realist at Wednesday, November 04, 2009
Wonder what the base salary is. I pity the poor guy who had to file for bankruptcy. Probably couldn't pay the note on the summer house on his base salary.
"If they don't get bonuses, the talent will go elsewhere!" I love when someone, without any sense of irony, makes that claim.Hankest
I wonder which part is funnier - the idea that they have somewhere else to go, or the idea that the people who lost trillions of dollars have any talent worth paying for?
Matthew, the funniest is the fact they not only think they have talent, they think there talent for making bad gambles with other people's money is worth more than 100 top scientists, or 10 top surgeons, or 200 top nurses, etc.
"their talent" not "there talent" above... clearly my talent isn't writing.
The text in the link said, "Both banks said they won't pay cash bonuses to workers earning more than 39,000 pounds this year". They could do what the Goldman exec did, invoke WWJD, "Goldman One-Ups Gordon Gekko, Says Jesus Embraced Greed"They could be like US bailed out companies, "Top Bailout Recipients Spent $71 Million On Lobbying In Year Since Bailout"A lot of weird vibes going on. I went to an event last night and the host said they received a grant from the NEA and they chose, "Grapes of Wrath" as the book to get people reading. Icks! Are they trying to tell us something. Then Nightline does a segment on 50 Cents. He has a book coming out written by Robert Greene, who wrote "The 48 Laws of Power". Oh man!
Its amazing that more of their people haven't gone bankrupt. Probably most traders got so adept and comfortable with taking outrageous and stupid risks with other people's money that it leaked over into their personal finances. Habits are hard to break, you know. They lost the ability to differentiate whose till they were raiding.
Besides "Midnight Express", (for the younger audience), there's also the lyrics to a song by the punk group NOFX:"The guilty don't feel guilty, they learn not to"
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I am a New York City resident in my forties, an investment professional, and a conservative. I have an MBA from Columbia University.