How ‘clever’ is ‘clever’ in banking?
Answer: very clever.
Now that the public learns about the bankers’ bonuses, do you think these guys learned a lesson?
No way.
They look upon you and think: haha, you think you’re clever?
Few of us know Stock Appreciation Rights (SARs) and Restricted Stock Units. These are equity compensation securities.
Instead of receiving cash bonuses, bank executives received very large bonuses of this kind.
So we learned that the top15 executives at JP Morgan on the 20th January 2009 were granted with 81.405.000 USD SARs and 30.500.000 USD of RSU’s or a total of 111.905.000 USD.
JP Morgan received form the government 55 bln USD for the Bear Stearns deal and another 25 bln USD of TARP money.
In return the government received Preferred Stock and Warrant packages. The actual values of these securities are now 50% lower than the taxpayer/government paid for it.
Sphere: Related Content
Answer: very clever.
Now that the public learns about the bankers’ bonuses, do you think these guys learned a lesson?
No way.
They look upon you and think: haha, you think you’re clever?
Few of us know Stock Appreciation Rights (SARs) and Restricted Stock Units. These are equity compensation securities.
Instead of receiving cash bonuses, bank executives received very large bonuses of this kind.
So we learned that the top15 executives at JP Morgan on the 20th January 2009 were granted with 81.405.000 USD SARs and 30.500.000 USD of RSU’s or a total of 111.905.000 USD.
JP Morgan received form the government 55 bln USD for the Bear Stearns deal and another 25 bln USD of TARP money.
In return the government received Preferred Stock and Warrant packages. The actual values of these securities are now 50% lower than the taxpayer/government paid for it.
No comments:
Post a Comment