McGee, 54, the highest-paid executive at Barclays, was one of the most senior dealmakers to join the British bank when it bought Lehman Brothers Holdings Inc.’s U.S. unit....McGee received an all-stock bonus of 8.87 million pounds ($14.9 million), according to a statement from the company last month. Bommensath got 8.65 million pounds and King was paid 3.81 million pounds.
Hmmm. I was wondering where all that stimulus/bailout money was ending up! Fair compensation for a job well done, no doubt, eh? What? Pip Pip old boy!
So who should be put against the wall first? Greedy McGee? Or the globs of corporate pus who drafted a contract with these provisions?
ReplyDeleteDon't dither over who's first or second Jamie. There's plenty of ammo...
DeleteFair compensation? For shuffling off toxic debt in a slight-of-hand shell game? Oh ya. These boys are full stars.
ReplyDeleteThe bankers must feel entitled to "danger pay" seeing how so many globally, in the last few months, have met with untimely deaths.
ReplyDeleteThe one that sticks out in my mind is the young U.S.of A.banker that shot himself repeatedly with a nail gun to commit suidcide....you have to have a whole lot of self-hate to do that.
Maybe there really is somethiing to the expression "For the love of money is the root of all evil".