http://www.nytimes.com/2008/10/07/business/economy/07lehman.html?_r=1&hp&oref=slogin
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Even as the investment bank Lehman Brothers pleaded for a federal bailout to save it from bankruptcy protection, it approved millions of dollars in bonuses for departing executives, a Congressional committee was told Monday...
...One Lehman document among thousands reviewed by the House committee showed that four days before the bank filed for bankruptcy protection, Lehman’s compensation committee was asked to grant $20 million in “special payments” for three executives who were leaving, Mr. Waxman said. An e-mail exchange recommending a delay in bonus payments was apparently brushed aside.
Another document showed that executives were warned in a January 2008 meeting that the company was facing liquidity problems. Yet the firm moved forward with capital outlays, including $5 billion in bonuses, $4 billion in shares and $750,000 in dividend payments between 2007 and the firm’s bankruptcy filing on Sept. 15.
disgusting.
-V
Someone knocked out Fuld, the CEO of Lehman Bros.
http://www.businessandmedia.org/articles/2008/20081006150152.aspx
Oh for feck's sake...
AIG execs spends 400K of the bailout money to pamper themselves.
http://www.businesssheet.com/2008/10/after-an-exhausting-bailout-aig-execs-needed-a-break-
It's like they are trying to get lynched...
Are you fuckin' serious?!?!?! They are planning yet ANOTHER retreat!!! Oh, and they just got ANOTHER $40 Billion in bailouts. Light the fuckin' torches!
http://bloomberg.com/apps/news?pid=20601087&sid=aVXfypExIZ9M&refer=home
AIG considered buying advertisements to explain its position, only to be told by public relations consultant George Sard that it would be ``a really bad idea.''
My God! I always knew that corporate types operated in their own slightly "off" version of reality but.....
If we're going vigilante...I'm wearing a cape.
*Lights torch and grabs pitchfork.
Yep, they are planning a 3rd getaway.
http://www.businesssheet.com/2008/10/bailout-execs-still-going-wild-aig-s-third-retreat-is-a-golf-getaway
This is pretty interesting. Only two dudes highlighted at this point but they add a douchebag per day.
http://ac360.blogs.cnn.com/
Is this about going to see Impaler?