US$480m? No, I Earned Only US$250m

[HakkaThaileen]

Documents presented before a congressional panel Monday showed that Lehman Brothers still made recommendation to its compensation committee four (4) days before the bankruptcy filing that three (3) departing executives receive more than US$20 million in "special payment". (My goodness - how greedy and selfish these people are..?)

In other words, even as Mr Richard Fuld, Lehman chief executive was pleading with Secretary Paulson for a federal rescue, Lehman continued to squander millions on executive compensation.

The moral of the story is: The myth of top money to attract and retain top talents must continue to be exploded and destroyed.

Almost half a billion dollars was paid to Lehman's chief executive from 2000 to 2008. This figure is difficult to comprehend for a lot of people. What has happened to Lehman and the US economy now..?

Top money would only attract greedy and selfish people like Fuld and the whole bunch of executives in Lehman. This theory is applied globally..!

 

[tonychat]

PAP should learn from them and allow those sinkies to pay them top salaries and then in return screw the sinkies back for more prices and taxes. SInkies enjoy such treatment. Way the Go PAP!!!! Well done!! all the way....

 

[travelbug]

PAP should learn from them and allow those sinkies to pay them top salaries and then in return screw the sinkies back for more prices and taxes. SInkies enjoy such treatment. Way the Go PAP!!!! Well done!! all the way....

So is TemaSICK Holdings going to hire Richard Fuld to scam us of our money?! Knowing how the sick mind of PAP works, I would not be surprised if Richard Fuld is somewhere in PAP's prospects list of hires for its GLCs! Watch this space!

 

[DIVISION1]

Remuneration in Singapore is best on best practices adopted abroad. Should a new best practice be implemented, the government of Singapore will follow suit to stay competitive and retain the best talents vital to the nation.

 

[War Criminal]

All the lehman executives should be fined a hefty part of their bonuses and jailed for a long time. This will give a strong signal that this kind of management of the company will not be condoned. If they are let off with a slap on the wrist, other CEOs and executives will continue to do it.

Next time it wont be sub-prime but something else. Greed is a hallmark of the financial industry.

 

[Neh_Neh_Pok]

Remuneration in Singapore is best on best practices adopted abroad. Should a new best practice be implemented, the government of Singapore will follow suit to stay competitive and retain the best talents vital to the nation.

Ya, their best practices is to make pple Pay And Pay and increase all the shits during hard times