Archive for the 'Market Reports' Category
Merrill Lynch CEO Earns $83 Million in Compensation
December 22nd, 2008 categories: Buyer's Advice, Market Reports, Real Estate New, Realtors, Seller's Advice
Bailout Banks paid $1.6 Billion in compensation to 600 top executives – in salaries, Bonuses etc.. in 2007
Bailout Package
Lloyd Blankfein CEO – Goldman Sacs
2008 Compensation
$54 Million
Goldman Sacs Govt.
Bailout: $10 Billion
John Thain CEO – Merrill Lynch
2008 Compensation
$83 Million
Merrill Lynch Govt.
Bailout: $10 Billion
This information is from their SECC filings – disclosing all their perks, golf memberships etc..
Apparently John Thain only worked for 1/2 a year with a signing bonus of $15 million who gave up his bonuses for huge stock options. Goldman Sacs says they will give up their bonuses but how much of this will be a token because most of what they have been saying is that they need some of this money to retain Talent & that they cannot bring in the Executives they need if they cannot offer them high salaries. Aren’t these the guys that created the mess we are ?????????
SIX FINANCIAL COMPANIES THAT GOT $270 BILLION STILL OWN CORPORATE JETS.
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