Reply With QuoteThe top end of town looks after their own kind.
And often workers get retrenched and often their entitlements are not there any more , lost or gambled away. Happened to some aussie workers
CTRL + V!
SubscriberCourier Mail, 16 May. " Investors wiped $ US 19 billion from JP Morgan's market value after it revealed a shock $US2 billion trading loss. Yesterday it emerged that chief investment officer Ina Drew , one of the highest paid women on Wall st. , was leaving the bank after accepting a $US32 million dollar payout. Her division was responsible for the failed derivatives trading scheme , originally aimed at hedging risks, which appears to have evolved into a big bet on the direction of the economy, that went spectacularly wrong." Words fail me, Bob
I’m pretty sure the dinosaurs died out when they stopped gathering food and started having meetings to discuss gathering food
A bookshop is one of the only pieces of evidence we have that people are still thinking
The top end of town looks after their own kind.
And often workers get retrenched and often their entitlements are not there any more , lost or gambled away. Happened to some aussie workers
Master
Let's think about this...
Last year Ina Drew was apparently on a package worth $US15+M.
Under her watch her department make a major stuff up and losses a bundle.
It has been said she has become the first casualty of the bank's massive loss by resigning.
So, stuff up and resign.
Then get $US400K up front, plus a share award worth more than $US10M.
Plus unexercised options valued at (end of last year) at more than $US3M, plus various retirement benefits worth more than $US10M
Bugger it, tommorow I going in and making a series of crap decisions, wait until it hits the fan and will then offer my resignation.
Ahh.. thats right, I work in the real world, no golden handshake for me.
Any wonder the financial industry has a credibility issue.
ChatterBox
SupporterThey even have a catch-phrase for it now....... "Failing Upwards"
What a world we live in.
D4 SDV6, a blank canvas
ForumSage
SupporterHow much longer are we going to have to put up with the big end of town justifying the obscene salaries of top executives by mouthing the platitude that if you pay peanuts, you get monkeys?
It seems that if you pay $15m a year, you get someone who allows $2b to disappear on her watch.
JP Morgan would have been better off with a monkey!
1973 Series III LWB 1983 - 2006
1998 300 Tdi Defender Trayback 2006 - often fitted with a Trayon slide-on camper.
It also happened at a work place I worked, the big stuffer uppers of the so called rank and file.
cost the company money and you get promoted.
eg. have nearly every monday off due to a drinking problem, hang over Monday, take sickies every week, or if work was too hard go on stress leave.
Result, If I was in charge he would have been shown the door.
Got elected union delegate and he was also promoted to leading hand.
Cost the company money by breaking machinery, lack of work effort = favored for overtime and promoted.
Take a few sickies during the week, and b e given overtime at weekend at double time.
Work hard , keep a low profile = remain at the bottom of the pecking order.
Posting Permissions
| Search AULRO.com ONLY! |
Search All the Web! |
|---|
|
|
|
Bookmarks