Sunday, August 16, 2009

CEO insanity

Many Banks paid out more money in bonuses than they made all thanks to government TARP money.

For example: "Goldman Sachs, for instance earned $US2.3 billion, paid out $US4.8 billion in bonuses and received $US10 billion in TARP funding, while JP Morgan Chase earned $US5.6 billion, paid $8.69 billion in bonuses and received $25 billion in TARP funding" http://www.usfst.com/Bonuses-break-the-bank/

Here's another article about the crazy large CEO salaries and bonuses that have no correlation with reality. http://www.dailyfinance.com/2009/08/14/ceo-salaries-pay-no-heed-to-recession/