The Wall Street Journal shines a bright light on bonuses at CitiGroup. Ooooh how the daylight burns...
The Journal has a nice scoop that Citigroup is begging the government to let it pay big bonuses to “key employees,” particularly those in its energy-trading group.
How big might those bonuses be? Well, the head of the energy group, Andrew Hall, last year raked in a cool $274,000… a day.
That’s right. A hundred million dollars just last year, as Citigroup was going down the sewer, forcing taxpayers to give it tens of billions of dollars and guarantee hundreds of billions of its debt. That’s also a scoop, as far as I can tell. That’s right, taxpayers. As you were bailing this company out to the tune of hundreds of billions of dollars, it was paying one guy $100 million.
Now, I get this guy's a superstar, but Citi's on the public dole.
You're on welfare, even corporate welfare - the public expects you to economize a bit.
1 comment:
maybe mr. hall could slip a couple days' pay into that envelope of your former co-worker.
honestly. those @ssholes have no sense of proportion. never mind that no one on earth can possibly *earn* $274,000 a day (meaning that it's transparent that some 'old boy' decided to just *give* them the dough. and they didn't even have to say 'spare some change?'). they are simply *ineducable*. why are they even still employed?
sincerely,
thorn
(and to mr. hall: POKE.)
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