MGB: Lehman Bro. CEO , WOWWWWEEEE !!!!!

I am all for making as much as you can but my goodness !!! almost 1/2 billion dollars in just 6 years ?!?!?! Crapola !! Especially while the company was going bankrupt ?

http://www.cnn.com/video/#/video/business/2008/10/06/tsr.boudreau.lehman.ceo.cnn

Didn't Paulson do even better?

Yes it is a great deal of money. They made a lot of money for their shareholders. They also lost a great deal of money in the last 18 months and lost a lot of money for the shareholders. We can't take it back. Would it make you feel better that they way their compensation packages work they will lose $100 million over the next four years because of vesting.

We should spend all our time going after the government people and the problem will be fixed. Going after the Wall street types does nothing but make Waxman look like he is doing something. It fixes nothing

Who is buying Freddie Mac stock:

Goes from $1.10 to $1.42...today!

I'm in.

Oh I think he did great for himself , and yes , shareholders made good money too . I don't want to see limits on how much CEO's can make , that would "dumb" down the company heads . Its like limiting the amount of money doctors make , do it and people will find soemthing else to be. The market is a risky business , if you don't have the stomach for it , don't get in.

don4975 Wrote:

Quote: "
Who is buying Freddie Mac stock:
Goes from $1.10 to $1.42...today!
I'm in.
"

Thanks to the Democrats blocking to stop the madness, Twice>>>>>

Now the Japanese are looking at buying some of the banks!!!

Eric M Wrote:

Quote: "
Oh I think he did great for himself , and yes , shareholders made good money too . I don't want to see limits on how much CEO's can make , that would "dumb" down the company heads . Its like limiting the amount of money doctors make , do it and people will find soemthing else to be. The market is a risky business , if you don't have the stomach for it , don't get in.
"

Yes... let's not dumb down CEO's! That's why they're paid so much because they understand how to run a company. Look at Mr. Fuld... for half a billion, he ran Lehman into the ground!

The market is a risky business??? We just bailed them out for $800 BILLION DOLLARS... where's the risk???

The real problem here is that these CEOs (and investors) were sucking off money that should have been reserved for the "insurance" (AKA Credit Default Swap) that the Wall Street firms provided. EVERY business person knows that when you sell insurance, you need to keep a certain percentage of the so called profits on that sale in reserve for the potential default of the item. Instead, they used the term Credit Default Swap as an alternative to Insurance so they could get around the federal regulations and distribute the money immediately as "profits". So the "bailout" is a true bailout in that we are funding the insurance these firms didn't have....

Eric M Wrote:

Quote: "
Oh I think he did great for himself , and yes , shareholders made good money too . I don't want to see limits on how much CEO's can make , that would "dumb" down the company heads . Its like limiting the amount of money doctors make , do it and people will find soemthing else to be. The market is a risky business , if you don't have the stomach for it , don't get in.
"

Eric, I dunno about "dumbing it down". I think you would "honest it up" a bit. There are plenty of guys out there who'd do a better job job at $200,000/year as some of these narcissistic prima donnas making multi-millions. They just politic themselves into their positions and salaries. Perhaps is salaries had to be approved by direct vote of stockholders, you'd see a little reform in that direction. Instead, it's just like congress - good ole boy backroom deals. Approve my raise, I'll see that you get a seat on our board, etc...

6863m Wrote:

Quote: "
Yes it is a great deal of money. They made a lot of money for their shareholders. They also lost a great deal of money in the last 18 months and lost a lot of money for the shareholders. We can't take it back. Would it make you feel better that they way their compensation packages work they will lose $100 million over the next four years because of vesting.
We should spend all our time going after the government people and the problem will be fixed. Going after the Wall street types does nothing but make Waxman look like he is doing something. It fixes nothing
"

Wait a minute Richard,,shouldn't the Prez get some extra pay here for buying up all those bad mortgages and bailing out AIG and Fannie and Freddie? Heck he easily could get a bonus of 1/2 trillion. /off satire

This being some what a free market economy, I don't give a damn what any company chooses to pay their CEO, COO, President or janiter.

I don't invest in companies that pay outrageous salaries to their leaders, although what is outrageous to some is normal to others I suppose.

Those Lehman stockholders who allowed their company to overpay their CEO to eventually wreck their company and lose their investment have themselves to blame.

Now I understand a small investor can not influence company policy regarding executive compensation, but a small investor sure has the ability to move their investments to more rationally managed company. High risk leads to high rewards....or high losses.

Steve64B Wrote:

Quote: "
Eric M Wrote:Quote:
Oh I think he did great for himself , and yes , shareholders made good money too . I don't want to see limits on how much CEO's can make , that would "dumb" down the company heads . Its like limiting the amount of money doctors make , do it and people will find soemthing else to be. The market is a risky business , if you don't have the stomach for it , don't get in.
Yes... let's not dumb down CEO's! That's why they're paid so much because they understand how to run a company. Look at Mr. Fuld... for half a billion, he ran Lehman into the ground!
The market is a risky business??? We just bailed them out for $800 BILLION DOLLARS... where's the risk???
"

Just bailed out the "market for $800 billion" they bailed out the banks not the market. Please get your facts correct.

JNickell Wrote:

Quote: "
This being some what a free market economy, I don't give a damn what any company chooses to pay their CEO, COO, President or janiter.
I don't invest in companies that pay outrageous salaries to their leaders, although what is outrageous to some is normal to others I suppose.
Those Lehman stockholders who allowed their company to overpay their CEO to eventually wreck their company and lose their investment have themselves to blame.
Now I understand a small investor can not influence company policy regarding executive compensation, but a small investor sure has the ability to move their investments to more rationally managed company. High risk leads to high rewards....or high losses.
"

I would not want to control what a CEO makes but I have often wondered about making a CEO take some of that in company stocks at some point which he would then be required to hang on for a min of 10 years. It would give him/her a vested interest in the company.

I am not sure that is even fair but the next thing I would do is make sure every document given to the public gives a rating for the level of pay for CEO's and a relevent company size. This does not control the pay but EVERYONE would see the level. That would make it easy for some one to take note of a company who's CEO pay is far outside the norm where their intentions may be toward their own pockets before their institution. An indicator for both investors and clients.

One guy is really pissed off:

http://www.businessandmedia.org/articles/2008/20081006150152.aspx

Paul

cfrantz Wrote:

Quote: "
Steve64B Wrote:Quote:
Eric M Wrote:Quote:
Oh I think he did great for himself , and yes , shareholders made good money too . I don't want to see limits on how much CEO's can make , that would "dumb" down the company heads . Its like limiting the amount of money doctors make , do it and people will find soemthing else to be. The market is a risky business , if you don't have the stomach for it , don't get in.
Yes... let's not dumb down CEO's! That's why they're paid so much because they understand how to run a company. Look at Mr. Fuld... for half a billion, he ran Lehman into the ground!
The market is a risky business??? We just bailed them out for $800 BILLION DOLLARS... where's the risk???
Just bailed out the "market for $800 billion" they bailed out the banks not the market. Please get your facts correct.
"

Chris... you think Wall Street isn't going to see BILLION$ of those dollars??? Think again! You're going to continue to see 'banks' going under well into 2009.

Gary, they already have a 4 year vesting and then when it is vested it is very difficult for the CEO to diversify. He has to report selling any stock and when the CEO is dumping it tends to piss off the board of directors. They eventually get hurt. If they can stay in the job long enough they can move some around. But the majority stays in the company.

Oh I think he did great for himself , and yes , shareholders made good money too . I don't want to see limits on how much CEO's can make , that would "dumb" down the company heads . Its like limiting the amount of money doctors make , do it and people will find soemthing else to be. The market is a risky business , if you don't have the stomach for it , don't get in.

I don't have the stomach for this crap, the the United States Congress and GWB dealt me in. I guess if I should ever happen to get to Wall Street I should check out some of the gym equipment we own. Maybe pick up my million dollar bonus for not running the company in ground. I think we all ought to make the trip and demand our per due. High rise office, window over looking the river, limo, you know all the perks. My house is paid for but I'm thinking about financing it for 125% of its value and the defalting on the payments and let the rest of you pay for it. What do you think?

LaVerne

Laverne, you have stumbled in to the right plan. You will be supported by Obama, Dodd, Franks, Pelosi, and most of the Democrat Party. They believe the GSE's were doing a great job of helping the disadvantaged. But you have to look and act disadvantaged to qualify.

They woke up this moring and yawned and said god bless Public defned benefit retirement plans. They did not lose a dollar this morning in their plan. Because they get life time medical, what did they care that they lost some money in the market. They don't have to worry about a $9000 insurance bill coming out of a lot less 401k money. This is a major league yawner for them.

You mention GWB, I guess we are not going to give the credit for trying to fix it on several occasions.

I am most importantly looking for the agencies who did not regulate under the Bush Administration. I have one with the SEC.

Can you help me I will do the research.

I'm leaving the party affiliations out here Richard because both sides of the isle went for it. My take is, I don't care who is at fault for the mess. I see our present economy as a house of cards ( giant ass pyramid scheme if you will). It keeps moving as long as you get people to buy in. I aint buying it. I want worth for my dollar and realistic returns for the use of it so I don't put it in the lets get rich quick plan. Richard, GWB at the insistance of Hank asked for the plan and signed off on it. Both parties split on the idea. In the end , greed for their own particular intrest sucseeded in making it a 400 page 800 billion dollar boondoggle. I think those who did not vote for the plan ought to get together and form a new party. One that doesn't go to the extreme left or right and take us back down the center where most of us hang out. A party with some common sense and don't tell me either party is close to that now. A party with the public in mind would not ask the public to pay for all the mud slinging crap we see on TV. A party with the public in mind would not allow themselves to recieve raise after raise with out roll call votes to make their incomes more important than their jobs. A party with the public in mind would not allow themselves to recieve a full pension after 2 years of service, have their own private pension plan, their own health plan, exclusive of the American public. A party with the people in mind would end the sleazy lobbying that goes on with both present parties. Of the people and for the people? My ass.

LaVerne