Here we go again

Printable View

07-28-2009, 08:59 AM
badbullgator

Here we go again

100 MILLION dollar bonus!?!?!?!?!?!??????

http://blogs.moneycentral.msn.com/to...ion-bonus.aspx
07-28-2009, 09:41 AM
Blackstone

If Andrew Hall earned it as a part of his contract with Citigroup, I say pay the man!
07-28-2009, 09:43 AM
YardleyLabs

Quote:

Originally Posted by badbullgator

100 MILLION dollar bonus!?!?!?!?!?!??????

http://blogs.moneycentral.msn.com/to...ion-bonus.aspx

Another reason why government should not be involved in making compensation decisions. The energy exchange market has been dominated by Phibro (which Citigroup acquired) for about 20 years. Energy exchanges are typified by extraordinarily high profits per person involved because of the nature of the business. What is less clear is how critical any single trader is to the maintenance of those profits. I'm not sure that a $100 million bonus is needed to preserve the business. However, that is appropriately a business, not a bureaucratic decision.
07-28-2009, 10:00 AM
badbullgator

Quote:

Originally Posted by YardleyLabs

Another reason why government should not be involved in making compensation decisions. The energy exchange market has been dominated by Phibro (which Citigroup acquired) for about 20 years. Energy exchanges are typified by extraordinarily high profits per person involved because of the nature of the business. What is less clear is how critical any single trader is to the maintenance of those profits. I'm not sure that a $100 million bonus is needed to preserve the business. However, that is appropriately a business, not a bureaucratic decision.

I don't disagree that it is a business decision. I do question that ANYONE is worth that kind of money. A deal is a deal and I have always stood by that.