Yup...what a way to end the GOP legacy, too, Chris. I have to say I am ROFLMAO at the GOP talking about Missy Caribou Barbie as the future for them. What a fucking joke. Missy Moosefucker should only go back to Wassila and run the PTA bake sales. The Republican Party is in a shambles because for too long they catered too strongly to their Southern Baptist Wingnut base. Caribou Barbie is a main reason they lost this round. She was a national joke the Saturday night following her candidacy. Who would have thought Tina Fey and Katie Couric would have saved the world. I think I may send ten bucks to the GOP earmarked for her 2012 run at the White House!
SCLiberal
· 1 year ago
I'm hoping they do stick with Palin. What a gift for us!
Older_Wiser
· 1 year ago
Well, whoopee do for GS. As if $45 million won't go that far for its CEO? And how much did other top execs make? What will that mean, the yacht will be put on hold?
I do feel sorry for the lower level employees (hourly, not the higher salaried) that are going to be laid off, though. The trimming always begins at the bottom, not like a xmas tree you also trim at the top, sometimes taking those skinny pieces off to attain real fullness...Merry Fucking Christmas.
Lowe's Home Improvement's stock is down from around $30 to $18 (after splitting at about $60), and they've announced reducing stores in rural areas and paring inventory by offering fewer products. This is going to mean more layoffs. A local smaller but exclusively lumber outlet here has closed down entirely.
In a just society, executives from industries affected by the criminality of the financial sector would have done the deed for the rest of us...and strung up the greedheads already.
Thanks, had forgotten about that site. Robert Niblock, CEO of Lowe's CEO, raked in just over $9 million in 2007. When I worked there (3 yrs) last in 2006, a pre-retirement job, one of the VPs retiring with his millions, sold his 8,000 sq.ft house on Lake Norman and was building a 13,000 sq. ft. house for himself and wife, so his grandchildren would have "room" to visit, according to a custom home builder employee I was familiar with. He just shook his head at the lavish and opulent digs...even being on the lake was not enough, he built an elaborate inground pool as well.
At the time I left, I figured the CEO was raking in about $2,000 an hour, which was more than most hourly employees were making in a month.
Older_Wiser
· 1 year ago
And BTW, what other machinations are Bernanke & Paulson up to these days?
Nov. 17 (Bloomberg) -- The U.S. Federal Reserve's emergency lending programs, intended to thaw commercial paper and money markets, are also helping banks limit losses from some of their $4 trillion in off-the-books guarantees and loan commitments.
A Fed program to buy as much as $1.8 trillion of short-term debt from U.S. companies means they don't have to tap backup credit lines provided by banks, which would have forced JPMorgan Chase & Co., Citigroup Inc. and other financial institutions to record the loans on their balance sheets and raise more capital. Another Fed program, with the acronym ABCPMMMFLF, aims to shore up the $1 trillion market for asset-backed commercial paper issued by off-the-books financing vehicles guaranteed by banks.
Say, "off-the-books loan guarantees" and "off-the-books financing vehicles? What the hell? What else are they covering up? Will we ever know the depth and breadth of this criminal enterprise known as Wall St.?
SCLiberal
· 1 year ago
It's okay if all those people lose their jobs. The CEO of Citicorp raked in $25,520,621 in total 2007 compensation, according to the Executive PayWatch database.. And the head of JPMorgan Chase took home even more, with $28,887,532 in total 2007 compensation.
It amuses me when I hear the conservatives rail about "socialism".
Older_Wiser
· 1 year ago
Yes, that boils down to around $10K+ an hour for most of these greedheads. A lot of us SS retirees are lucky to get that much in a year.
paul94611
· 1 year ago
20K? 35K? Well the news is in at 53K.
nicho
· 1 year ago
PLUS the 22K they've already announced -- for a total of 75K. Yeow!
freshpaint
· 1 year ago
There will be a lot of redundancy as Chase absorbs Washington Mutual. Never saw more unhappy people at my local branch. They've only barely finished absorbing Bank One.
Newsjock
· 1 year ago
The story about McClatchy is from back in September; most of those cuts have already happened.
All Comments
I do feel sorry for the lower level employees (hourly, not the higher salaried) that are going to be laid off, though. The trimming always begins at the bottom, not like a xmas tree you also trim at the top, sometimes taking those skinny pieces off to attain real fullness...Merry Fucking Christmas.
Lowe's Home Improvement's stock is down from around $30 to $18 (after splitting at about $60), and they've announced reducing stores in rural areas and paring inventory by offering fewer products. This is going to mean more layoffs. A local smaller but exclusively lumber outlet here has closed down entirely.
In a just society, executives from industries affected by the criminality of the financial sector would have done the deed for the rest of us...and strung up the greedheads already.
At the time I left, I figured the CEO was raking in about $2,000 an hour, which was more than most hourly employees were making in a month.
Nov. 17 (Bloomberg) -- The U.S. Federal Reserve's emergency lending programs, intended to thaw commercial paper and money markets, are also helping banks limit losses from some of their $4 trillion in off-the-books guarantees and loan commitments.
A Fed program to buy as much as $1.8 trillion of short-term debt from U.S. companies means they don't have to tap backup credit lines provided by banks, which would have forced JPMorgan Chase & Co., Citigroup Inc. and other financial institutions to record the loans on their balance sheets and raise more capital. Another Fed program, with the acronym ABCPMMMFLF, aims to shore up the $1 trillion market for asset-backed commercial paper issued by off-the-books financing vehicles guaranteed by banks.
Say, "off-the-books loan guarantees" and "off-the-books financing vehicles? What the hell? What else are they covering up? Will we ever know the depth and breadth of this criminal enterprise known as Wall St.?
And the head of JPMorgan Chase took home even more, with $28,887,532 in total 2007 compensation.
It amuses me when I hear the conservatives rail about "socialism".
The real news about McClatchy is that a major Wall Street analyst said on Friday that the company stock "could be worthless":
http://www.editorandpublisher.com/eandp/news/ar...