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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Brumar89 who wrote (634171)11/2/2011 4:44:07 PM
From: J_F_Shepard  Read Replies (1) | Respond to of 1578480
 
Does theft and fraud have a party designation??? Better be careful with your answer here...



To: Brumar89 who wrote (634171)11/2/2011 4:51:27 PM
From: J_F_Shepard1 Recommendation  Read Replies (1) | Respond to of 1578480
 
"NY Times pretends Corzine isn't a Dem Obama donor"

What would an avowed liberal be???/
By JOE NOCERA When Goldman Sachs went public on May 4, 1999, Jon Corzine, who was then the firm’s chief executive, held a stake that was suddenly valued at $305 million. So, perhaps, it’s uncharitable to complain about the piddling $12 million severance he was poised to gain if he had managed to sell his current firm, MF Global Holdings, over the weekend.

But I’m going to complain anyway. The idea that Corzine, who single-handedly destroyed MF Global Holdings, was in a position to command so much as a penny in severance is horrifying. It suggests two things. The first is the extent to which “heads-I-win-tails-you-lose” remains the operative concept for Wall Street compensation. The second is that one’s politics doesn’t much matter when it comes to lining one’s pockets. Corzine is an avowed liberal who has decried income inequality and Wall Street pay — but right up until the end, he had his hand out for millions he didn’t deserve.