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51 Comments
- Bloodwine, on 04/06/2009, -3/+28Oh waaaa ... only £600,000 annual compensation?! The horror!
- zombie210, on 04/06/2009, -3/+23And the people who lost their jobs because of these bastards have had their salaries lowered by 100%.
Cry me a ***** river. - frontaxle, on 04/06/2009, -1/+20Like a good storm to clean the gutters.
- hpymondays, on 04/06/2009, -0/+9Making Ends Meet With Only $300,000/year. I feel your pain.
- divinediva, on 04/06/2009, -1/+9City analysts said the financial services industry had so far weathered the storms well.
- LilRabbitFooFoo, on 04/06/2009, -3/+9Until we can start getting back their profits based on fraudulent valuations for the past decade, this is just a first step...
- Ourkidd, on 04/06/2009, -1/+7I will not lose any sleep over the bankers. They have had it too good for years.
- Aadain, on 04/06/2009, -2/+8BS. It's because all the people literally stealing the money have all fled, and their insanely high wages and bonuses are no longer dragging the average skyward. Those left have taken cuts, but only because the first group, which we'll call the criminals, have so royally ***** over the world economy for their personal gain that <i>everyone</i> is taking a hit. And I mean everyone, from the fortune 500 CEO down to little Billy on the corner having to sell his lemonade a nickle cheaper to drum up demand.
- gyronic, on 04/06/2009, -0/+6HAHA
The sad part is... THEY STILL HAVE JOBS!
And will always will. Especially in America where finance is "too tough to learn".
While Americans are at the ballpark owned by the bankers, the bankers pick their pockets.
What a viscous little circle of entertainment. - publiclurker, on 04/06/2009, -0/+5Actually, around here, the taxpayers usually own the ballparks. We wouldn't want the wealthy to have to pay to house their playthings would we?
- jhails, on 04/06/2009, -1/+6Geitner and the former SEC inspectors who turned a blind eye to the unsound business practises of Wall Street are busy covering things up. Meanwhile their salaries and benefits are chugging along nicely.
- inactive, on 04/06/2009, -1/+6good, bankers prey on the lives of others.
- treehugger87, on 04/06/2009, -3/+8Call me when it gets to 90%. THAT's how it should be
- natesnotjewish, on 04/06/2009, -0/+4How much more? 2x 10x 1000x?
- treehugger87, on 04/06/2009, -1/+5What about if a bank or corporation loses or refuses to pay pension or medical benefits but the CEO still walks away with a $20 million dollar bonus? Many people have their retirement fund et al, but only CEOs get paid even when the job they've done destroys the company.
The biggest lie you will ever believe is that corporate CEOs work hard. They do not. They are well connected, they are arrogant and they are lucky. Hard-working they are not. - inactive, on 04/06/2009, -0/+4I think it's time we all found us a new Jesse James to knock these crooks down a peg or two.
- RetepNamenots, on 04/06/2009, -0/+3Don't worry, it turned out to be over £700,000 :)
- mparker21311, on 04/06/2009, -1/+4http://i40.tinypic.com/10h6ro7.jpg
- publiclurker, on 04/06/2009, -1/+4Gladly, where do we start?
- RebornInFlames, on 04/06/2009, -0/+3Awwwww, you have to make do with only 600,000 pounds? Why that's barely over a million bucks, how can anyone be expected to survive on that.
***** these people. - publiclurker, on 04/06/2009, -1/+4Sounds like they found a sucker in austro. Try actually working for a living for awhile. Then you will be able to smell out their sort of self important blather rather easily.
- natesnotjewish, on 04/06/2009, -0/+3Now they'll have to wait 6 months to be able to afford the solid gold aquarium they've been wanting for so long. Why they'll be the laughing stock of the industry!
- gsadamb, on 04/06/2009, -0/+3I'd be more interested to see the change in median compensation, rather than the mean. I have a feeling that there were a few huge outliers that were cut significantly and threw the average off considerably.
- Hetman, on 04/06/2009, -0/+2I know an investment banker. He has been looking for work since november. Really has not found anything. Luckily for him JP Morgan offered him a deal where if he quit they would pay him severance pay for an entire year. So he still has lots of time to look for work. Nice guy,
- inactive, on 04/07/2009, -0/+2should be slashed 100%
***** them all - killerofkiller, on 04/06/2009, -2/+4Damn it feels good to be a banker
http://www.youtube.com/watch?v=ROlDmux7Tk4 - secrity, on 04/07/2009, -0/+2It is probably still not enough of a cut.
- inactive, on 04/07/2009, -0/+2What about the median?
- Ratteler, on 04/07/2009, -0/+1So you are claiming that it's ok for a corporation to cause as much harm as it possibly can, to every single level of the world economy, as long they make a profit for the elite few who are part of their system.
How is this any different from me coming to your house, cutting off your head, and taking "your" property?
You're basically saying there are NO rules. Fine. Make that the law and we'll see who the last man standing is. YOU wouldn't like that one bit.
The rules of law... and the Government applying them, are all that keeps me from putting you're head on a pike and claiming everything you own as mine. Go head and eliminate the government. I DARE YOU! - Ratteler, on 04/06/2009, -1/+2...because of bankers we CAN'T buy a house, or a car, or have a credit card, or pay for our education.
Because there was no balance between making an annual bottom line look good, and making the nation they did business in work good. - RetepNamenots, on 04/06/2009, -1/+2/Users/petestoneman/Desktop/10h6ro7.jpg.jpeg
This was almost as fail. - jsilver123, on 04/07/2009, -0/+1Interesting...
- JordanTW90, on 04/07/2009, -0/+1As a small business owner, I would never pay someone a ridiculous sum of money that they're simply not worth. Bankers are a dime a dozen, they're everywhere, and most are brought into the business with the idea they'll get big bonuses when they produce.
However, when they're not generating income for their employer, they don't deserve a higher rate of pay.
You can call me an idiot, but it might be you who needs to do the thinking. - inactive, on 04/07/2009, -0/+1And you know because you've been a bank CEO, "treehugger87"?
- Ratteler, on 04/07/2009, -0/+1"People don't start businesses so they can give handouts they do it to make a profit. When the start giving out loans to people who can't afford them well we know where that will get you."
We're not talking about handouts or loans. We're talking about businesses that use mathematical trickery to hide losses so they can look good THIS year, and get their bonuses THIS year.
The fact is, a Corporation, in spite of the fact that is NOT a living thing at all, has MORE rights and privileges in this world than the individual. Free from any PERSONAL responsibility, including staying alive, what is good for the Corporation is frequently detrimental to the world it exists in.
If Corporations are forced to ensure the survival of the entire system they exist in, FIRST, then their profitability enhances ALL our lives.
But as they function in society now... We have a name for cells that act like that. We call them CANCERS. They are so intent on growing larger that they eventually destroy the entire organism they are a part of, and themselves. - treehugger87, on 04/07/2009, -0/+1@papa, I'm fortunate to be in a position where I work with young people with parents from all walks of life. I have been to Austrian villas and Detroit ghettos visiting parents. I assure you, the wealthy may be obsessive/compulsive about their work and things that they do, but you could hardly call what they do "hard work."
- mparker21311, on 04/07/2009, -0/+1I would've used imageshack if it didn't take so long to load.
- inactive, on 04/07/2009, -1/+1By the logic exuded here on Digg, only manual laborers should be well paid. Programmers who sit at a desk all day, web designers, etc who do no manual work should be paid minimum wage because it's not physically difficult.
Oh, did I strike a chord there finally? - inactive, on 04/07/2009, -1/+1Whatever the board determines is proper for the service he's done for the corporation; not what some legislator in Washington thinks is "morally right" (hint: the legislators coming up with this garbage have taken more immoral kickbacks than the bankers).
- inactive, on 06/23/2009, -0/+0Would that mean if he screws up, he should be paid no more than that of a janitor?
http://www.businessways.com/ - Unreal030, on 04/06/2009, -2/+2from the looks of my relative (one of t hose types of CEOs) who has probably worked harder than you and your welfare family combined, I would have to disagree.
- JordanTW90, on 04/06/2009, -11/+12And that's how it should be.
- austroLogi, on 04/07/2009, -1/+1"Because there was no balance between making an annual bottom line look good, and making the nation they did business in work good."
People don't start businesses so they can give handouts they do it to make a profit. When the start giving out loans to people who can't afford them well we know where that will get you - lolwutpear, on 04/06/2009, -2/+2nelson_haha.jpg
since tinypic is terrible - austroLogi, on 04/07/2009, -1/+1The primary moral responsibility a corporation has is to make a profit... period.
"If Corporations are forced to ensure the survival of the entire system they exist in, FIRST, then their profitability enhances ALL our lives."
Why should a corporation be concerned with "enhancing ALL our lives", this idea comes out of some kind of misconceived notion of collectivization the same garbage Obama peddles. No person or corporation is responsible for the lives of anyone else. This country was founded upon individualism, the smallest of all minorities. The minority who's rights are constantly suppressed in the name of the greater good. Utilitarianism espoused by Mills says that morality is based on the greatest good for everybody, but when you take a closer look and inspection what does that mean. Where does it end. Do we start harvesting organs from a healthy person and give them to 10 sick people. That is of course the greatest good for everybody. One might argue that such a system is unsustainable, but it is sustainable if you only target one small minority. In America they target rich individuals or corporations with deep pockets. They then give them imperatives for how they are to operate. They force them in some instances to give free checking accounts to individuals who in fact lose them money. That is where the 80:20 rule comes from. That banks make 80 percent of their profits off of only 20 percent of their customers.
"But as they function in society now... We have a name for cells that act like that. We call them CANCERS. They are so intent on growing larger that they eventually destroy the entire organism they are a part of, and themselves."
The only cancer is government largess. You worry about how these banks take unneccessary risks. Well that is a result of FDIC insurance. With customers deposits covered, they really don't have much incentive not to take large risks. Its an artificial reality of government intervention.
Your lack of respect for individuals and their rights to choose their own economic destiny is appalling, I would advise you to move to a country more suited to your lack of respect for freedom, like Venezuela. - Unreal030, on 04/06/2009, -2/+2Stan: "Jordan...come into my office please..... "
Stan: "Jordan...we just received the news from up top at UPS Headquarters....they are cutting your pay by 62%."
Jordan: "Why are they cutting my pay?"
Stan: "Because....well......you are an idiot" - inactive, on 04/06/2009, -5/+4If they make the shareholders money, the bank is solvent, and they're able to increase their capital, how are their salaries not warranted? Many people have their retirement fund, children's college funds, and more based on this, so if a CEO does a good job, how does he not deserve it? Especially since there's a thing called corporate hierarchy. A good CEO has worked hard (college, working his way up, etc) to get there, he should get paid more than a janitor.
- sooska, on 04/06/2009, -2/+1I assumed this was from theonion
- austroLogi, on 04/06/2009, -4/+2because of bankers you can buy a house, buy a car, have a credit card, pay for your education
Try a world without bankers. - austroLogi, on 04/06/2009, -3/+1"The biggest lie you will ever believe is that corporate CEOs work hard. They do not. They are well connected, they are arrogant and they are lucky. Hard-working they are not."
You really are clueless. Those CEO's when you talk to them will talk about how they have sacrificed seeing their children growing up because they had to be at a meeting in some other country to iron out details of a acquisition or getting a new client or whatever. CEO's are some of the hardest working people on the planet. -
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