NEW YORK (CNNMoney.com) — Washington Mutual Chief Executive Alan Fishman could walk away with more than $18 million in salary, bonuses and severance after less than three weeks on the job, according to the terms of his employment agreement.
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And their stock plunge to “Penny Stock”
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Reading this article from Bloomberg you can see that it makes sense to cap the compensation of the people who work for banks whose bad loans get bought by the US taxpayer.
Wall Street‘s five biggest firms paid more than $3 billion in the last five years to their top executives, while they presided over the packaging and sale of loans that helped bring down the investment-banking system.
Merrill Lynch & Co. paid its chief executives the most, with Stanley O’Neal taking in $172 million from 2003 to 2007 and John Thain getting $86 million, including a signing bonus, after beginning work in December. The company agreed to be acquired by Bank of America Corp. for about $50 billion on Sept. 15. Bear Stearns Cos.‘s James “Jimmy” Cayne made $161 million before the company collapsed and was sold to JPMorgan Chase & Co. in June.
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Apple has unveiled its new iPod Nano line, making it tall and skinny. The large screen takes up half of the surface of the front and it now comes in a wide variety of colors to fit your personality.
PURUS is 100% organic vodka made from Italian wheat and water from the Alps. Designed by Jean Scholtes, Creative Director of White Space
On the corruption perceptions index that was published Tuesday by Transparency International , the country with the highest ranking (lowest number) is considered the least corrupt. Denmark tops the list at number one, perceived as the least corrupt nation, while Somalia, considered the most corrupt, is at number 180.
Lebanon is ranked 102 out of 180 worldwide and 11 out of 18 in our part of the world. We are … big time !!!
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Source: Transparency International
Zoo keeper Emily Pugh welcomes Bristol Zoo’s latest arrival, a young orphan gorilla on September 19 2008 in Bristol, England. The youngster, called Kera, has moved to Bristol Zoo from a specialist ape nursery in Germany where she had been hand-reared while living alongside other young gorillas. At four-years-old Kera was old enough to leave the nursery and a new home needed to be found for her. Bristol Zoo Gardens was chosen as the best place for her because it has the facilities for an expanding group of gorillas.
(Photo by Matt Cardy/Getty Images Europe)
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While they last!!!
