Awful Management

This, I'm sayin', is just wrong. Self-preservation at its worst.

Top bank officials at Citigroup and Morgan Stanley meeting to figure out ways to skirt compensation limits

Wonder what is taking up the time of top officials at banks rescued with your tax dollars? You'd like to think they're all hunkered down trying to solve the crisis they created with help from George Bush and the GOP. According to Reuters, avoiding the salary caps is [...]

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A Bonus Is A Bonus

No matter what you call it. No matter how you massage it. They're still handing out money to top bosses in the financial sector. I understand the need to keep top producers, but where are they going to go if they actually leave? It's not like there's a bazillion other great jobs in that area sitting open!

Morgan Stanley & Citi to pay $3 BILLION to retain brokers

Um, what? This is yet another bonus though they're now giving it another name. Maybe this is capitalism to Rick Santelli and CNBC but for everyone else who works for a living to fund their plush lifestyle, it's socialism for the elite. Citi and Morgan Stanley are receiving [...]

Something For Saturday

Image via Wikipedia

Lots of sunshine and marvelously warm temperatures around these parts today, so I'm going to be getting a few things done.  Taking time for a cup of coffee (or two) and skimming through blog posts, I found one to pass along. Also, note the inclusion of additional related information, thanks to a handy Firefox add-on called Zemanta. It goes out and finds pictures and related articles, as you type a blog post or email. Pretty cool! The picture on the left? The Wall Street crash of 1929, the beginning of the Great Depression.

Goldman Sachs and Morgan Stanley to repay TARP early

Yes, it's so they can avoid the pay restrictions. See, for them, it's all about them. Whatever is convenient for Wall Street, right? Goldman specifically was the subject of intense rumors last fall and many questioned their ability to survive the credit crisis that had taken down Lehman. They received assistance from [...]

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• Take this TARP and shove it? Not so fast. (money.cnn.com)