FROM the International Herald 28 Oct. 2008: Five straight quarters of losses and a 70 percent slide in its stock this year have not stopped Merrill Lynch from allocating about $6.7 billion to pay bonuses. Goldman Sachs and Morgan Stanley, both still on track for profitable years, have set aside about $13 billion for bonuses after three quarters, down 28 percent from a year ago. Even some employees at Lehman Brothers, which declared the biggest bankruptcy in U.S. history last month, will get the same bonus they received a year ago.
FROM the International Herald 28 Oct. 2008: Five straight quarters of losses and a 70 percent slide in its stock this year have not stopped Merrill Lynch from allocating about $6.7 billion to pay bonuses. Goldman Sachs and Morgan Stanley, both still on track for profitable years, have set aside about $13 billion for bonuses after three quarters, down 28 percent from a year ago. Even some employees at Lehman Brothers, which declared the biggest bankruptcy in U.S. history last month, will get the same bonus they received a year ago.
Yeah, and in at least the Goldman and Morgan cases, they recieved money from the 'bailout' so WE"RE paying those bonus's. This is NOT what we were told the bailout was for. Where in the hell is the outrage from congress????
Yeah, and in at least the Goldman and Morgan cases, they recieved money from the 'bailout' so WE"RE paying those bonus's. This is NOT what we were told the bailout was for. Where in the hell is the outrage from congress????
