Thursday, October 16, 2008
Bank Bailout and Executive Pay (Outrageous to say the least)
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Bank Bailout and Executive Pay (Outrageous to say the least): Banks said they cannot live without bailout plan, but how much do you think a bank CEO makes per day/week and who cover the fat guy's salary under the bailout plan?
Answer: 200K per day, 1 million per week, even if the bank goes south or bankrupt under a CEO's leadership. The pay can come from the tax money via the bailout plan, which is your money. (Remember that tax money is your money and mine! Are you now outraged?)
An example of such ceo salaries is Goldman CEO's salary of 70.3M per year, which is more than 1.5M per week, and if you take vacation time out, you get 2M per week, or close to 500K per day's work. We did not take out golf days, which are considered business, because the party is another CEO also playing golf.
You have seen them talking on the hill. That is an example of a very busy and difficult day of work! In a day's work a CEO will say things such as " things are bad, and we need money to keep things afloat or we will all sink". That is it for a day's work. The pay for that day: $500K.
Answer: 200K per day, 1 million per week, even if the bank goes south or bankrupt under a CEO's leadership. The pay can come from the tax money via the bailout plan, which is your money. (Remember that tax money is your money and mine! Are you now outraged?)
An example of such ceo salaries is Goldman CEO's salary of 70.3M per year, which is more than 1.5M per week, and if you take vacation time out, you get 2M per week, or close to 500K per day's work. We did not take out golf days, which are considered business, because the party is another CEO also playing golf.
You have seen them talking on the hill. That is an example of a very busy and difficult day of work! In a day's work a CEO will say things such as " things are bad, and we need money to keep things afloat or we will all sink". That is it for a day's work. The pay for that day: $500K.
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