Incentivize incentivize incentivize…..If I had a penny every time I heard that term the last few weeks, I would be a multi millionaire. It has become the term of choice for all those greedy bastards, who not so long ago were on the HILL begging- yes begging the taxpayers to save their asses.
The old term “Bonus” which used to describe the financial stroking of Wall Street incompetence, has gone by way of the condor.
Apparently the new “putains” of Wall Street, formerly known as CEO’s, think the term –incentivize, has less of an anger provoking sound than "bonus" thus making it more acceptable to the taxpayer.
They (CEO’s) claim, that if they don’t INCENTIVIZE these overpaid under performing a-holes who caused the collapse of our economy and banking systems in the first place…they will lose their “skills and expertise”…WTF! Expertise? Skills? In what? Expertise in f.....g up the global economy? Skills in conjuring up “ponzi” schemes? Expertise in screwing up the strongest real estate market in the world? Or their skills in blowing their boss’s #@$% while stroking themselves into financial oblivion? Give me a break!
BoA’s latest losses-a billion dollars to be more precise (these clowns are beyond help), along with the resignation of its CEO Kenneth Lewis for his role in the Merrill Lynch takeover, have been making headlines everywhere in Europe. To be fair it has also been reported in the American media, though not with such enthusiasm and fervor as in Europe. I guess their media cares more about our demises than we do…
Mr. Lewis, as reported by Euronews http://www.euronews.net/2009/10/16/bank-of-america-losses-a-billion/ , stands to get quite the “hand-shake” for his non-performance. Somewhere in the range of 84 million euros (you do the math), on top of the millions he received in stock options in previous years. Un-F…g-believable. If this is not genital mutilation of the taxpayer I don’t know what is…lol. We are witnessing the crowning of total failure.
Again This Is Not News…It’s Jungle Politics!
From The Desk of Dr. Politikong…Over and Out
The old term “Bonus” which used to describe the financial stroking of Wall Street incompetence, has gone by way of the condor.
Apparently the new “putains” of Wall Street, formerly known as CEO’s, think the term –incentivize, has less of an anger provoking sound than "bonus" thus making it more acceptable to the taxpayer.
They (CEO’s) claim, that if they don’t INCENTIVIZE these overpaid under performing a-holes who caused the collapse of our economy and banking systems in the first place…they will lose their “skills and expertise”…WTF! Expertise? Skills? In what? Expertise in f.....g up the global economy? Skills in conjuring up “ponzi” schemes? Expertise in screwing up the strongest real estate market in the world? Or their skills in blowing their boss’s #@$% while stroking themselves into financial oblivion? Give me a break!
BoA’s latest losses-a billion dollars to be more precise (these clowns are beyond help), along with the resignation of its CEO Kenneth Lewis for his role in the Merrill Lynch takeover, have been making headlines everywhere in Europe. To be fair it has also been reported in the American media, though not with such enthusiasm and fervor as in Europe. I guess their media cares more about our demises than we do…
Mr. Lewis, as reported by Euronews http://www.euronews.net/2009/10/16/bank-of-america-losses-a-billion/ , stands to get quite the “hand-shake” for his non-performance. Somewhere in the range of 84 million euros (you do the math), on top of the millions he received in stock options in previous years. Un-F…g-believable. If this is not genital mutilation of the taxpayer I don’t know what is…lol. We are witnessing the crowning of total failure.
Again This Is Not News…It’s Jungle Politics!
From The Desk of Dr. Politikong…Over and Out
Kong this is just the beginning. You follow CITY Group closely. See how goes.
ReplyDeleteDavid
I have been unemployed since Dec. 2008 and there is no light at the end of the tunnel. I don't know about the rest of you but when I hear these CEO saying they have to pay the big bucks and bonuses to keep the talent it fucking pisses me right off. Kong is right. What talent what skills. Does Mr. Lewis deserve an 80 million dollar hand-shake? Can this guy sleep at night?
ReplyDeleteThomas Whitney
NY
Are you kidding me? 84 million. There is people out there who make that kind of money? What does 84 million look like? How much does it weigh? Can you live comfortably with that kind of money?
ReplyDeleteThere is no more America. There are the rich and the rest of us. $@#% this!
Paul Peter and Paula
What is going on Dr. P? This is a good article. No traffic here?
ReplyDeleteDebbie
Austin TX
WTF a billion here a billion there who gives a shit any more. I don't. We are not a country and we are definitely not a Nation. We are simply a landmass controlled by a cartel of bankers. That's all folks.
ReplyDeleteMarkus
Portland OR
I agree with Markus
ReplyDeletePortland OR
This country is out of control. The rich become bankers and the bankers become richer. We went from a lender nation to borrower nation. We owe $ to the Russians, Chinese, Japanese, Saudis, UAE and the list goes on. I am really proud I am an American. NOT!
I just lost my job today. I went home turned on the news and there was some gov. official b...ch saying how the gov have saved over a million jobs. That made me feel so much better. I sat down in my favorite drinking chair and empty a bottle of vodka. Now I feel even better. In fact I feel so fucking good I am going to the State legislature tomorrow and demand a job with the gov. If they don't have a job for me I will demand G.W. Bush's head on a paper plate
ReplyDeleteI am fed up.
John Wayne.
I am back from the dead.
NC
depressing very depressing. I moved here 2 years ago. Lost my job 3 months ago. My golden parachute? $634. 85. Yes $634.85. Not quite $84 million but enough to pay the mortgage for half a month. Where is the recovery Kong? Where? This is not recovery it is deterioration.
ReplyDeleteMartha V.
San Fran