Don't call it a 'BONUS'...Bank Executives receive 'RETENTION AWARD'
 

Don't call it a BONUS!

Huffington Post reveals audio of Executives at Citi Group telling the Executives at Morgan Stanley how they are still going to get paid, but do not call it a 'BONUS', call it a 'RETENTION AWARD'....

VIDEO (5:11): http://www.brasschecktv.com/page/565.html

If there's a loop hole, someone will find it...or better yet, why not just create one!

Re: Don't call it a 'BONUS'...Bank Executives receive 'RETENTION AWARD'
 

What a joke!, I wonder who recorded that and how it got out? That video or the audio needs to be sent to congress.

Re: Don't call it a 'BONUS'...Bank Executives receive 'RETENTION AWARD'
 

They should follow this guy!.........
WASHINGTON (AP) -- General Electric Co. said Wednesday that Chairman and Chief Executive Jeffrey Immelt will forgo a 2008 bonus and performance awards worth millions of dollars after the company's earnings fell last year and its stock price plunged amid a deteriorating economy.

http://finance.yahoo.com/news/Genera...-14399766.html

Re: Don't call it a 'BONUS'...Bank Executives receive 'RETENTION AWARD'
 

Hey Dan,

I found the link to that article at: http://www.realityzone.com/currentperiod.html
one of G. Edward Griffin's sites.

which is linked up to:
Freedom Force International
http://www.freedom-force.org/freedom...useaction=home

Re: Don't call it a 'BONUS'...Bank Executives receive 'RETENTION AWARD'
 

Or, here we go again!...........


Delta distributed 398,560 shares to Delta chief executive Richard Anderson; 181,160 shares to president Edward Bastian; and tens of thousands of shares each to executives Mike Campbell, Mike Becker, Steve Gorman, Hank Halter, Glen Hauenstein and Richard Hirst.

The shares are restricted, and the executives can sell or transfer half of them Feb. 1, 2010 or later and the other half Feb. 1, 2011 or later, if those executives are still employed by Delta.

Because of those restrictions it’s unclear how much the stock grants will be worth. But based on Delta’s closing stock price Tuesday, the shares distributed to Anderson in January would be worth about $2.5 million and Bastian’s would be worth close to $1.2 million. Delta’s shares have fallen about 62 percent in the last year.

Meanwhile, Delta did not pay out any profit sharing to employees or annual cash bonuses under its management incentive plan because it reported an $8.9 billion loss last year. Most of the loss was from restructuring and other charges.

http://www.ajc.com/services/content/...xsvc=7&cxcat=6

Re: Don't call it a 'BONUS'...Bank Executives receive 'RETENTION AWARD'
 

Thanks p and L, I wonder how many read that second link, I see they're in a lot of countries.

Re: Don't call it a 'BONUS'...Bank Executives receive 'RETENTION AWARD'
 

Dan, here is another one.

Source: http://solari.com/blog/ Catherine Austin Fitts' Blog

J.P. Morgan's Abusive Excutives Bonuses

Created 2-4-2009
Modified 2-17-2009
Author johnolagues

As readers will recall, J.P. Morgan received the first large bail-out from the New York FED of $55 Billion, guaranteed by Bear Stearns' worthless assets, to prop up its own liquidity position and buy Bear Stearns stock.

J.P. Morgan also recently received another $25 Billion in TARP payments from the Treasury.

This article is about how J.P. Morgan's executives, instead of receiving easy to detect cash bonuses, received very large bonuses in the form of Stock Appreciation Rights (SARs) and Restricted Stock Units. These equity compensation securities are not easy to understand or value by other than experts in the field.

Article continues: http://optionsforemployees.com/artic...cle.php?id=146

Re: Don't call it a 'BONUS'...Bank Executives receive 'RETENTION AWARD'
 

Hi peaceandlove,

What does it take to make people listen? It appears it takes a lot, but according to the following report, it's only now that they are beginning to take action: http://news.yahoo.com/s/nm/20090218/bs_nm/us_stanford

People are just starting to make a run on banks to withdraw their cash and even then they waited for the very last minute. Man I posted that tip almost FOUR MONTHS AGO!

The people who lost out only have themselves to blame.

So the next obvious question is this; will the rest of the nation start to follow suit? What will happen if it does? Is that when martial law will kick in?

Let's sit back and see.

Oh, on a footnote. Some other good news to come from the crisis is that rump beef is in huge supply here in Brazil since the exporters have not been able to sell to outside markets because of the financial crisis. Consequently the price has plummeted by 50% and we are now able to stock up on best beef at around US$6.00 a quilo! I think I can smell a barbequeue or two happening!

Live it up while we still can. :)

Best regards,

Steve

Re: Don't call it a 'BONUS'...Bank Executives receive 'RETENTION AWARD'
 

I don't know Steve. Its like the addiction to oil Bush was always talking about.

People are addicted to the government taking care of them. Usually, it's not until an addict hits rock bottom that he takes action.

That could be the "creme de la creme" we have been waiting for.

Let's have a party. :naughty::banana::yay::partytime2:

PaL

Re: Don't call it a 'BONUS'...Bank Executives receive 'RETENTION AWARD'
 

What will happen is a forced bank holiday and all banks will be closed for 3 days and when they reopen you can expect to see military personal all over the place . In canada now they are trying to implement debit cards with RFID chips in them saying how much more secure they are .... nonsense they are less secure and were meant to be so that they could put the argument for newer more secure implanted chips under the skin that could not be scanned