Perhaps these people feel the are more 'Deserving' than the rest of us? What gives them this idea, I don't know... Can anyone help me with understanding this phenomonon... R.G.
-- In FairfieldLife@yahoogroups.com, Arhata Osho <arhatafreespe...@...> wrote: > > What Red Ink? Wall Street Paid Hefty Bonuses > > January 29, 2009, New York Times > > > http://www.nytimes.com/2009/01/29/business/29bonus.html > By > almost any measure, 2008 was a complete disaster for Wall Street > except, that is, when the bonuses arrived. Despite crippling losses, > multibillion-dollar bailouts and the passing of some of the most > prominent names in the business, employees at financial > companies in New York, the now-diminished world capital of capital, > collected an estimated $18.4 billion in bonuses for the year. That was > the sixth-largest haul on record, according to a report > released Wednesday by the New York State comptroller. Some bankers took > home millions last year even as their employers lost billions. The > comptroller's estimate, a closely watched guidepost of the annual > December-January bonus season, is based largely on personal income tax > collections. It excludes stock option awards that could push the > figures even higher. The state comptroller, Thomas P. DiNapoli, said it > was unclear if banks had used taxpayer money for the bonuses, a > possibility that strikes corporate governance experts, and indeed many > ordinary Americans, as outrageous. He urged the Obama administration to > examine the issue closely. "The issue of transparency is a significant > one, and there needs to be an accounting about whether there was any > taxpayer money used to pay bonuses or to pay for corporate jets or > dividends or anything else," Mr.. DiNapoli said in an interview. > Note: For many reports from reliable sources on the realities of the Wall Street bailout, click here. > > http://www.freedomofspeech.netfirms.com/ >
