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Re: Faithfulness shall be rewarded sayeth the Lord      6-Nov-09 09:16 am    
Continued... One year when I worked at Smith Barney, Sandy Weill, the largest shareholder and Chairman, decided to limit everybody's raises to from 0 to 3%, and of course the bonus pools were cut. 'Why?' we thought. It was supposed to be a profitable year! When it all came out, he had given himself $43 million for the year in bonuses and other types of compensation. The net of Smith Barney was cut by 33% based on his compensation alone. Does that help shareholders? We calculated that he earned $1500 a minute based on an 8 hour day. Who's time is worth that much? IMO Nobody's.
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jonluxy

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Amen brothers and sisters. Congrats to all who took ...
xray_lives Rate it 5-Nov-09 06:07 pm  
 
X-ray, my all-time favorite "bone-headed" trick by...
bustedbox2 Rate it 6-Nov-09 07:23 am  
 
Feeding from the trough is not just greedy, b...
jonluxy Rate it 6-Nov-09 09:08 am  
 
Re: Faithfulness shall be rewarded sayeth the Lor...
jonluxy Not rated 6-Nov-09 09:16 am  
 
Jon, certainly not Sandy Weill's ti...
bustedbox2 Rate it 6-Nov-09 09:27 am  
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