Days from becoming the largest bankruptcy in U.S. history, Lehman Brothers steered millions to departing executives even while pleading for a federal rescue, Congress was told Monday.
As well, executives who feared for their bonuses in the company’s last months were told not to worry, according to documents cited at a congressional hearing. One executive said he was embarrassed when employees suggested that Lehman executives forgo bonuses, and cracked: ‘I’m not sure what’s in the water.’
OK–I’m going to stock up on the torches, who’s getting the pitchforks?
Gotta love this country. Where else can you get a bonus for failure?
Where else can you get a bonus for failure?
Nigeria, the Sudan, North Korea and Myanmar, to name a few. Probably nowhere else that considers itself ‘developed.’
Well, we keep pretty good company, then, yes?
It takes a lot to dispose me favorably to the rantings of Noam Chomsky. Incidents like this one push me in that direction.
Economic terrorism at work here.
I have one thing to say to these guys.
YOU LOSE!
When, oh when, will we see the Japanese tradition here? When you bring dishonor to your corporation, you should atone for it by blowing your fucking brains out.
Seppuku in the lobby @ 1:00.
BYOK
Bring your own Katana.
When, oh when, will we see the Japanese tradition here? When you bring dishonor to your corporation, you should atone for it by blowing your fucking brains out.
Not to mention throwing out the conservative ruling party of 40 years out on their asses.
One executive said he was embarrassed when employees suggested that Lehman executives forgo bonuses, and cracked: ‘I’m not sure what’s in the water.’
I do believe that said executive is Comm. Bunnypants’ cousin.