Executive Compensation

[Lou]

Warning: the following information will disgust you, especially in light of the fact these are corporations that have asked for and received taxpayer bailout money.
I am calling on every one of these CEO's to return every cent of this "compensation", as it belongs to the shareholders and taxpayers.
What is going on in the SEC? Where is the oversight on Wall Street? It is time for the SEC to dismantle itself as a viable entity and rebuild from the ground up with the number one priority to safeguard shareholder interests. No former SEC employees should be allowed in the new organization. You have failed the country and mainstream investors miserably.

CEO Pay of the Top Corporate Bailout Recipients:
Here is the top of the heap...

Citigroup
US Bailout money received: $50 Billion
CEO and 2007 Pay: Charles O. Prince $25,520,621
Bank of America
US Bailout money received: $45 Billion
CEO and 2007 Pay: Kenneth D. Lewis $23,646,455
American International Group
US Bailout money received: $40 Billion
CEO and 2007 Pay: Martin J. Sullivan $13,960,382
JPMorgan Chase
US Bailout money received: $25 Billion
CEO and 2007 Pay: James Dimon $28,887,532
Wells Fargo
US Bailout money received: $25 Billion
CEO and 2007 Pay: John Stumpf $14,797,458
General Motors
US Bailout money received: $14.3 Billion
CEO and 2007 Pay: G. Richard Wagoner $19,761,874
Goldman Sachs
US Bailout money received: $10 Billion
CEO and 2007 Pay: Lloyd C. Blankfein $53,966,198
Morgan Stanley
US Bailout money received: $10 Billion
CEO and 2007 Pay: John J. Mack $41,790,854
PNC Financial Services Group
US Bailout money received: $7.6 Billion
CEO and 2007 Pay: James E. Rohr $18,623,679
U.S. Bancorp
US Bailout money received: $6.7 Billion
CEO and 2007 Pay: Richard K. Davis $6,473,874

*additional resources:
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<!-- m --><a class="postlink" href="http://www.sec.gov/edgar/searchedgar/companysearch.html">http://www.sec.gov/edgar/searchedgar/companysearch.html</a><!-- m -->

[redryder]

Absolutely outrageous - these are troubling times indeed, when the nations' biggest thieves and criminals are right out in the open.

[dooley]

Top 10 Highest Paid CEO's of 2008

1. Aubrey McClendon (Chesapeake Energy - CHK): $112.5 million

2. Sanjay Jha (Motorola - MOT): $104.4 million

3. Robert Iger (Walt Disney - DIS): $51.1 million

4. Lloyd Blankfein (Goldman Sachs - GS): $42.9 million

5. Kenneth Chenault (American Express - AXP): $42.9 million

6. Vikram Pandit (Citigroup - C): $38.2 million

7. Steven Farris (Apache Corp - APA): $37.2 million

8. Louis Camilleri (Philip Morris International - PM): $36.9 million

9. Kevin Johnson (Juniper Networks - JNPR): $36.1 million

10. Jamie Dimon (JPMorgan Chase - JPM): $35.7 million

source:
http://www.marketfolly.com/2009/05/top-1...loser.html

[angry taxpayer]

Citigroup has announced its intention to raise employee salaries by as much as 50% in a move designed to undermine the public outcry over out of control bonuses. Citigroup has to date received over $50 billion dollars in taxpayer money to bail them out. Their CEO was paid over $38 million in 2008.
Citi also plans to award millions of new stock options to employees, according to The NY Times.
Folks....how much is too much? The pounding this country is taking from wall street is simply beyond comprehension. It is time to close the financial district down and throw these bums in jail. Has anyone forgotten that these dollars are stockholder and taxpayer funds??? This is money middle America has earned by a lifetime of hard work and entrusted to wall street for safe keeping. It is more than evident they have not only let the entire nation down, but continue to do so with the blessing of the U.S. Government!


source:http://www.reuters.com/article/GCA-Credi...KP20090624

[Lou]

WTF?
http://www.nytimes.com/2009/08/02/busine...ml?_r=1&hp

Are these people on Wall St. unaware that the obscene amounts of money they are giving out in bonuses to these executive crooks belongs to the stockholders? These boards are supposed to be looking out for the stockholders, not giving all their hard earned money to a few executive criminals.
I say, eliminate the boards that are authorizing these kind of obscene bonus payouts, send the individuals to prison and tax any public company bonus over $250,000 at a rate of 75%.
Wall Street , you are draining this country with your GREED!
SEC - SHAME on you, every one of you should resign in shame and be replaced by honest, ethical people who WILL look out for the public interest. If a member of the SEC is found guilty of taking bribes or kickbacks of any kind, they should be hung for treason.