I need to find me a job at a massive mortgage lender. I then need to totally and completely fuck it up. Because that, apparently, is where the big bucks are.
Under the terms of his employment contract, Daniel H. Mudd, the departing head of Fannie Mae, stands to collect $9.3 million in severance pay, retirement benefits and deferred compensation, provided his dismissal is deemed to be “without cause,”
Richard F. Syron, the departing chief executive of Freddie Mac, could receive an exit package of at least $14.1 million, largely because of a clause added to his employment contract in November of last year as his company’s troubles deepened.
Seriously, I want one of these CEO jobs, because no matter how shitty you are, you always come out of it a multimillionaire!
And nothing will ever change until this shit gets fixed.
But it’ll never get fixed.
Equal Opportunity Cynic
Yeah, CEOs and high-profile sports coaches. Hard to beat a job where the worst-case scenario is being a millionaire who just got fired.
Yes. All will be smooth sailing right up until the moment you’re put up against the wall during the People’s Revolution, imperialist pig, when we hang the last capitalist by the guts of the last priest!
Hell, in most cases they were millionaires before they got hired.
Not that there is anything wrong with that.
A retro active law to be past: All Financial CEO’s and everyone in the financial world found to have lied, mismanaged, or caught stealing will be treated the same as drug dealers. ALL their holding will be confiscated and sold off. The threat of poverty might reign them in. Maybe.
What’s wrong with you, you pinko commie? Don’t you know the free market will work these things out on it’s own?
How will it do that? I have no fucking clue, but that’s what Republicans love to say, so it must be right. Amiright?
Dennis - SGMM
Stop picking on CEO’s! Ruining a company is hard work. And what do they get for it? A few paltry millions and a lifetime of moping in their mansions and sulking on their yachts – that’s what. These CEO’s are forever excluded from the adventures faced by the growing millions of Americans when they run out of money before they run out of month. Pity them! How can a lifetime of comfort compare to the deeply moving moment when you tell your wife the you’ve lost the house or you have to tell your child that you can’t afford college? Picking on CEO’s just because they run their companies into the ground and then get paid more than most of us will make in our lives is class warfare, pure and simple.
I made sure that our young daughter and son know that these two examples you give here have made more money getting fired than our two kids will likely make in their lives.
All for running the companies into the ground.
This shit has been going on for years, and the outsized gains the corporate bastards have made have been made at OUR expense. I agree, if any corporate officer is found to have broken or twisted the law to line their pockets then toss their asses in jail and confiscate their holdings.
On another note, I see oil prices are almost at $100.00 a barrel. Must be an election coming up, eh?
Is it bad that I wish these people would get shot in the head?
May I direct your attention to some pamphlets I have available for your perusal?
If you feel a strange sensation in your nether regions, don’t be concerned. That’s merely the Invisible Hand loosening your belt, jerking down your pants, and preparing to insert a little “correction” in your “market”. I’m told that cocoa butter helps, and that thrashing about just makes it worse. Enjoy.
On local talk radio on the way home: “Bush and the Republicans have been pathetic on illegal immigration!” “Worse than useless.” “A disgrace.” That being the case, the wingnuts have the answer, and you know what it is……
That’s the parasitic CEO class for you. They serve no purpose, produce no innovation, but in many cases expect to be paid just as much as if they were the founder of the company. And they have the ultimate camouflage – the illusion that they’re integral to the functioning of a large company, even though every major decision is made below them.
You know, I think when your company gets taken over by the Feds, that constitutes “cause”.
“Daniel Mudd has donated over $15,000.00 to the GOP since 2000.
Richard Syron is part of the NRCC, and has donated over $22,000.00 to the GOP in 2008 alone.”
Explains it all. Paying for protection. What a racket. I wish the government could go RICO on the Republicans asses.
Criminals. Crooks paying the political bosses to loot the system and get away with it. We are a nation in decline, and when we implode there is a chance that the rest of the world will too.
Obama’s already on the case.
Where’s John McCain? (crickets)….
The numbers are oversimplified. If you look up Daniel Mudd on CQ moneyline, you’ll see that since 2001 he’s not only donated $19,500 to Republican Candidates directly, but another $26,000 to:
Back America’s Conservatives PAC (BAC PAC)(Rep. Richard Baker, R-LA)
American Liberty PAC (ex-Rep Robert Ney, R-OH)
Rely On Your Beliefs Fund (Rep Roy Blunt, R-MO)
Leadership PAC 2006 (fka Leadership PAC 2004 and 2002 and 2000)(ex-Rep Michael Oxley, R-OH)
SUSAN B. ANTHONY LIST INC. CANDIDATE FUND
NATIONAL REPUBLICAN CONGRESSIONAL COMMITTEE
Not bad – for 46K in contributions, a 9.3 million compensation package. 200:1 payback. Sweet!
Good, and thanks for the tip! I really like this Obama guy. I hope he pushes it LOUD and clear.
The government will never reform itself. That is like expecting a broken glass to repair itself, it just don’t happen. As in any crime, follow the money. It will lead you to the culprits.
As I said before, I wish the Republicans could have a RICO dropped on their asses. It really is a continuing criminal operation.
Your aim must be awfully good if you can hit anything all the way from Rotterdam.