Good News Employees are getting an EOY Bonus
Bad News: the bonus is illiquid, mortgage-backed securities.
http://clusterstock.alleyinsider.com/20 ... securities
Good News Bad News at Credit Suisse
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themanintheseersuckersuit
- Posts: 7635
- Joined: Mon Oct 08, 2007 6:37 pm
- Location: South Carolina
Good News Bad News at Credit Suisse
Suitguy is not bitter.
feels he represents the many educated and rational onlookers who believe that the hysterical denouncement of lay scepticism is both unwarranted and counter-productive
The problem, then, is that such calls do not address an opposition audience so much as they signal virtue. They talk past those who need convincing. They ignore actual facts and counterargument. And they are irreparably smug.
feels he represents the many educated and rational onlookers who believe that the hysterical denouncement of lay scepticism is both unwarranted and counter-productive
The problem, then, is that such calls do not address an opposition audience so much as they signal virtue. They talk past those who need convincing. They ignore actual facts and counterargument. And they are irreparably smug.
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MarleysGh0st
- Posts: 27966
- Joined: Mon Oct 08, 2007 10:55 am
- Location: Elsewhere
Re: Good News Bad News at Credit Suisse
I don't know if they got any bailout money from the Swiss government, but there have been news stories of US banks still paying out bonuses after getting US bailout money, which I think is outrageous.
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silverscreenselect
- Posts: 24614
- Joined: Mon Oct 08, 2007 11:21 pm
- Contact:
Re: Good News Bad News at Credit Suisse
Here's a better idea, cut the exec salary to $1 a year plus that type of incentive payments (if they have to pay minimum wage, I guess that would be okay).
The biggest laugh I've gotten is with those who continue to support those high salaries for these corporate execs. They say essentially how can you get people capable of getting those companies out of the mess they are in unless you continue to pay "market" prices to keep top talent.
This isn't a case of a company losing engineers or highly skilled professionals because they can't pay competitive wages. This is a case of companies possibly losing executives who did a crappy job to begin with. My guess is that you could cut every top executive salary at these troubled companies by half or more and still get bunches of mid-level execs or top execs at smaller firms eager to take a chance, especially if there were rewards for real success tied to them.
The biggest laugh I've gotten is with those who continue to support those high salaries for these corporate execs. They say essentially how can you get people capable of getting those companies out of the mess they are in unless you continue to pay "market" prices to keep top talent.
This isn't a case of a company losing engineers or highly skilled professionals because they can't pay competitive wages. This is a case of companies possibly losing executives who did a crappy job to begin with. My guess is that you could cut every top executive salary at these troubled companies by half or more and still get bunches of mid-level execs or top execs at smaller firms eager to take a chance, especially if there were rewards for real success tied to them.
Check out our website: http://www.silverscreenvideos.com
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peacock2121
- Posts: 18451
- Joined: Mon Oct 08, 2007 10:58 am
Re: Good News Bad News at Credit Suisse
Two of our largest clients work for them.
I am preparing for this to have a trickle-down effect on us.
I am preparing for this to have a trickle-down effect on us.