More hypocracy from the Dems

[fishbones]

Originally Posted by spence

There's a HUGE difference between an existing executive (who probably has mega stock options) making what in many cases is simply a PR move...and an existing organization trying to hire some real talent to help fix the mess.

Is this because they've done such a great job at hiring "real talent" in the past?

[spence]

Originally Posted by fishbones

Is this because they've done such a great job at hiring "real talent" in the past?

Certainly they've had major issues but I think the Govt. effectively cleaned house last year.

Hell, didn't the last CFO commit suicide?

-spence

[buckman]

Originally Posted by spence

Certainly they've had major issues but I think the Govt. effectively cleaned house last year.

Hell, didn't the last CFO commit suicide?

-spence

I think we should effectively clean The House next election.....

[RIJIMMY]

short memories, huh?

Dont remember all the RAGE over outrageous salaries on Wall St? Dont remember Congress passing legislation and SALARY CAPS on firms taking TARP????

We'll all that doesnt apply to Fannie because they didnt really take TARP.....it was another bailout.

I never like to insult people, but you really have to be a moron if this doesnt piss you off.

[spence]

Originally Posted by RIJIMMY

Dont remember all the RAGE over outrageous salaries on Wall St? Dont remember Congress passing legislation and SALARY CAPS on firms taking TARP????

We'll all that doesnt apply to Fannie because they didnt really take TARP.....it was another bailout.

I never like to insult people, but you really have to be a moron if this doesnt piss you off.

While I understand the argument, do you really think this was the "excessive compensation" that people were outraged about?

His base is around 700K, with various kickers that could amount to another 1-3M more assuming performance and board approval.

The 1.95M sign on bonus is to offset the options he's forfeiting by leaving his old job. Granted, this may allow him to see this money sooner than he would have, but it's a not a gain otherwise.

That's not a crazy package for a big exec, and has a heavy hand towards incentive pay which FB wants.

-spence