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Discussion in 'Political Discussion' started by Mabeyitstrue, Oct 1, 2009.

  1. Mabeyitstrue

    Mabeyitstrue Banned

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    A $53 million retirement payday for BofA CEO Ken Lewis - Oct. 1, 2009


    Doesn't that make you feel good?

    Gotta love that Capitalism!!!:rolleyes:

    Don't tax the rich though, they really need that money! I mean you know houses aren't cheap 4-5 million plus good schools for there kids thats a 100k-200k per year, plus cars you know they need their Benz's;)

    /sarcasm off

    I'm all for people making money but come on.......He should be taxed 80-90% of it all. If you make that much money a year, your a prick:snob:

    Unless any of you can give a good reason why he should make that much?
  2. Fogbuster

    Fogbuster Rookie

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    Big responsibilities demand big rewards. (Ask Michael Jordan and many top pro athletes .... hmmm.)

    On the other hand, the gap between the ultra rich and those living out of garbage cans is inexcusable. No way to justify it.

    But turning over 90% to Nancy Pelosi and Harry Reid??? :nono:


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  3. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Makes me feel sick.. the divide is getting greater, and the greed at is highest levels is no more evident than it is now, just flaunt it...

    Think of all the fuss Malkin et al raised over BOFA giving 2 million to ACORN, there will be silence now...
  4. PressCoverage

    PressCoverage Banned

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    and yet you just tried to in the previous breath.

    how do you think Mr. Lewis did with his "big responsibility" then? Are you aware of Bank of America's recent shady history? Probably not.

    My favorite is the one where they handed out credit cards without requiring a SS number. My second favorite their habit of jacking up interest rates with no explanation at all.

    Bank of America blindsiding cardholders? - MSN Money


    Credit card issuers have drawn fire for jacking up interest rates on cardholders who aren't behind on payments but whose credit scores have fallen for other reasons. Now, some consumers complain, Bank of America is increasing rates based on no apparent deterioration in their credit scores at all.

    The major credit card lender in mid-January sent letters notifying some responsible cardholders that it would more than double their rates to as high as 28%, without giving explanations for the increases, according to copies of five letters obtained by BusinessWeek.​


    Big responsibility, indeed.

    Perhaps next the Citibank CEO can get a nice golden parachute also. Then we can talk about their comfy synergy with known drug money laundering Central and South American banks.
  5. Harry Boy

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

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    Buy A Gun, keep it handy.
  6. Patriot_in_NY

    Patriot_in_NY Rookie

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    a prick? REALLY? :confused:

    You come to these conclusions based solely on the number of zeros in the compensation he negotiated with an employer? Hmmmmm. Interesting.

    That's almost as bizarre as saying people that jump to phantom conclusions about someone's character based on their income level are pricks too. :confused2:

    I bet Kraft makes a lot of money too. He always seemed like such guy, it's hard to imagine that "he's a prick".

    Seriously, not that the guy is remotely worth that much money (he's not)..... but dude, try to keep the rage somewhat in check. :rolleyes:
    Last edited: Oct 2, 2009
  7. sdaniels7114

    sdaniels7114 Rookie

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    What's cute in all of this is that BofA now wants $6 and a finger print from me to cash a check, apparently because there's reason to think I might be a criminal:rolleyes: I could live 1000 years and never come close to this clown.

    I dunno about the rest of the nation, but BofA has an armed security guard in front of every branch in eastern Mass. I bet its not in defense against bank robbery, I bet its in defense of angry customers. Next will be boiling oil over all the teller stations.
  8. reflexblue

    reflexblue PatsFans.com Supporter PatsFans.com Supporter

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    #91 Jersey

    I guess if Lewis's responsibilities were to run the bank into the ground he was worth that kind of money. Seeing that BOA almost went Bankrupt last year, and needed a bailout to stay in buisness.
    Last edited: Oct 2, 2009
  9. STFarmy

    STFarmy Rookie

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    Yes, that's the open-minded tolerance we've all heard so much about.
  10. Real World

    Real World Moderator Staff Member

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    Sorry pal, but you don't sound all that bright. You definately come off as envious, jelous, and borderline communist. Well, maybe not communist, but certainly an extreme socialist.


    So how much did BofA get in bailout money? When you see people protesting, or upset, this is the reason why. Cuz our money went to bailout these insititutions, and people in these institutions, are still getting paid handsomely. Granted, this is a pension payout, that was in place long before the financial crisis. Still though, it pisses people off. Oh, one other thing I'd like to add. If it's simply the sum that aggrivates some of you, then I hope you get equally upset when Tom Cruise makes a movie, Tom Brady signs a contract, or the Redsox resign Jason Bay at the end of the year. The sum, all by itself, should never be the issue. The details of how said sum was obtained, is what should.
  11. Fogbuster

    Fogbuster Rookie

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    I guess for someone not so well schooled in how capitalism works you wouldn't be able to distinguish the difference between competing for services in a free market and arbitrarily controlling the economy -- including pay scales -- through a "command economy", a la the old Soviet communist model. Thus, for folks like you, I added the example of paying "(free) market prices" for services of professional athletes. Jordan got $30 Million for one year of playing services because that is what the Bulls were willing to pay him. Others get $10, 20+ Million per year for the same reason. You want your Favre to work for $500 grand this year?? What if someone else offers him a million? You get the picture.

    I'd be very comfortable with caps on salaries, for business execs as well as athletes; who deserves $1 Million or more per year while some people are living under bridges and out of dumpsters????? Salary caps across the board are an idea whose time has come. But to get from here to there is a mine-field, starting with: WHO decides -- Jesse Jackson? John Conyers? Timothy Geitner? Barack Obama? Geo Bush?? Dick Cheney? Personally, I wouldn't be comfortable with any of them taking on that role in my life.

    So, for the record, I am in favor of free market principles to set the scale of salaries people earn, as a barometer of how much value the public puts into a certain piece of work; yet, I believe there should be a way to equalize goods and services across the board to eliminate the misery and shame of people who must live in subways and drainage ditches because they have no means of support. Of course, for those who make no effort whatsoever to support themselves lawfully, there needs to be some special "remedial" care for them.


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  12. Mabeyitstrue

    Mabeyitstrue Banned

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    "a prick? REALLY?"

    Did I stutter? lol Kraft Family can F-off for all I care, I like the team/players not the ownership.

    BTW its not rage, I don't get mad at things I have no control over, I just speak my mind and if that comes across to you as rage well thats your opinion.

    Good day sir
  13. Mabeyitstrue

    Mabeyitstrue Banned

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    lol

    I'm openminded to people and company's that deserve it(looking out for its customer rather then there bottomline/ceo's),respect is earned not given.

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