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Obama said he doesn’t “begrudge” the $ millions bonus awarded to his guys

Discussion in 'Political Discussion' started by NEPatriot, Feb 18, 2010.

  1. NEPatriot

    NEPatriot Banned

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    Obama Doesn?t ?Begrudge? Bonuses for Blankfein, Dimon (Update1) - BusinessWeek

    You heard Obama talking about taking paycut and bonus from CEO or whoever. However, he doesn't mind when his guys have million bonus.

    Is Obama a liar and a hypocrite?
  2. JackBauer

    JackBauer Rookie

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    1.) Quote taken out of context

    2.) Over two weeks old
  3. NEPatriot

    NEPatriot Banned

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    2- When you lift your 4 thread restriction rule in this forum, I guarantee you that you will have all the latest news EVERY DAY.

    Don't blame me for posting late news when you should blame yourself for supporting censorship in this forum.
    Last edited: Feb 18, 2010
  4. JackBauer

    JackBauer Rookie

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    If it were up to me, you wouldn't even be allowed to post here.

    Be grateful for what you get.
  5. NEPatriot

    NEPatriot Banned

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    We know the REAL reason why you do such thing. Be grateful for what you see from me. I do it for FREE.

    You know more Obama every day even though it makes you look bad. Heh, the truth hurts.

    Do you think that it hurts you less by banning me?????
  6. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    The Moron digs his hole deeper each day, his arrogance blinds him to reality.......

    Obama Over There 2012 >>>>>>>>>>:bricks:
    Last edited: Feb 18, 2010
  7. Mrs.PatsFanInVa

    Mrs.PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

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    Let's tell the whole story, shall we?

    Blankfein and Dimon took their bonuses in stock rather than cash, which Obama encouraged other corporations to do. Such compensation, he said in the interview, “requires proven performance over a certain period of time as opposed to quarterly earnings.” He said that’s a “fairer way of measuring CEO success and ultimately will make the performance of American businesses better.”

    His comments come just days after 2009 bonus packages were announced for Dimon and Blankfein. Dimon, 53, led New York-based JPMorgan, the second-biggest U.S. bank, to a profit during each quarter of the financial crisis. Blankfein, 55, was at the helm when New York-based Goldman’s shares doubled last year as profit soared to a record high. The two banks were among those that repaid the bailout money they received from the government during the financial crisis.

    Obama said compensation packages over the last decade haven’t always been commensurate with performance, and reiterated his call for shareholders to have a say in CEO pay.


    They didn't get cash - they got stock - which means they must continue to perform well or their bonus will amount to nothing.

    They both repaid their bailout money already.

    Obama is still calling for shareholders to have a say in CEO pay.

    Your selectivity in quoting articles never fails to amuse me.
  8. NEPatriot

    NEPatriot Banned

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    What did their shareholders tell their CEO? More million dollar bonus. Obama is OK with it.

    If these banks did well, they would not need our bailed out money, would they???
  9. IcyPatriot

    IcyPatriot ---- JAG ----- PatsFans.com Supporter

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    #87 Jersey


    :rofl: ... NEP is a liberal ... blaming others for his faults.

    Hey NEP Come See Me Buddy.
    [​IMG]
  10. NEPatriot

    NEPatriot Banned

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    Did a person tell you that you were full of sh!t?:rocker::rocker::rocker:
  11. IcyPatriot

    IcyPatriot ---- JAG ----- PatsFans.com Supporter

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    #87 Jersey


    Barry Loves Me
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  12. NEPatriot

    NEPatriot Banned

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    Please make sure that you don't seat on the back of his 'limosine' because i don't want to hear your Obama new job on YouTube.

    Obama loves you for a long time.:rocker::singing::singing::singing:
  13. IcyPatriot

    IcyPatriot ---- JAG ----- PatsFans.com Supporter

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    Five Dolla ... Obama love me long time.

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