Old Project Avalon Forum (ARCHIVE) - View Single Post - Don't call it a 'BONUS'...Bank Executives receive 'RETENTION AWARD'

peaceandlove · 02-18-2009, 08:02 PM

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

02-18-2009, 08:02 PM	#7
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	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 Last edited by peaceandlove; 02-18-2009 at 09:53 PM.