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Lehman `Key' Money Managers May Get $400 Million in Bonuses
``Key'' money managers at Lehman Brothers Holdings Inc. will get retention bonuses valued at $400 million when their investment-management business is sold to Bain Capital LLC and Hellman & Friedman LLC.
When Win or lose is the same , it always gets you, your bonuses.
Last edited by weswelker#83; 10-07-2008 at 07:56 AM..
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Re: Lehman `Key' Money Managers May Get $400 Million in Bonuses
These guys who have made tens and hundreds of millions while the mortgage mess was expanding into its volcanic eruption -- they all need to give back at least 80% of their ill-gotten gains. No "easy money" for fleece and flim-flam artists. Every single one of these financial company bigs needs to be vetted, and those who made dirty money need to give it all back. Lehman's Richard Fuld can't sleep at night because he knows he made $350-480 Million, even as the mortgage crisis crushed the economy.
Simultaneously, those members of Congress who passed the legislation that prompted this horrific abuse of America's financial institutions also need to be held accountable. Starting with Jimmy Carter and his Congressional comrades -- Dodd, Biden, Kennedy, Frank, et. al. -- all of them, also, need to pay the price by being publicly censured and removed permanently from Congress.
The deadly Community Reinvestment Act, which the Carter administration called for, and the Congress at that time passed, is the root cause of this financial implosion. All who were responsible for rail-roading this catastrophic legislation through the Congress need to be made accountable for its disastrous effects, along with the thieving scam-artists on Wall Street who actually did the deeds. We can never forget the "donations" these thieving scam-artists gave to their favorite Congressmen as pay-back for door-opening laws, like the CRA.
They ALL deserve fines, removal from public office, and public censure. Each and every one of them, crooked bankers and crooked politicians alike need to pay. Fair is fair in America.
"All that is required for evil to triumph is for good to do nothing."