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Codes
Bewarse Legend
Username: Codes
Post Number: 21117
Registered: 05-2006
Posted From: 212.60.115.186
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, September 18, 2009 - 4:53 am: |
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vadu generate chesina profits loo % vundi emo.. ee year market baga up ayindi gaa.. kummi vuntadu dabbulu..
Evil requires the sanction of the victim!
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Codes
Bewarse Legend
Username: Codes
Post Number: 21116
Registered: 05-2006
Posted From: 212.60.115.186
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, September 18, 2009 - 4:52 am: |
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100 mn $ aa..
dantlo 1% iste , nenu retire ayipota..
Evil requires the sanction of the victim!
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Blazewada
Celebrity Bewarse
Username: Blazewada
Post Number: 5295
Registered: 08-2008
Posted From: 220.255.7.141
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, September 18, 2009 - 4:51 am: |
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Trader ki 100Million aa? 
If Work is Workship, I'm an Atheist
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Blazewada
Celebrity Bewarse
Username: Blazewada
Post Number: 5294
Registered: 08-2008
Posted From: 220.255.7.149
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, September 18, 2009 - 4:50 am: |
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NEW YORK: Citigroup Chief Executive Vikram Pandit said on Thursday that $100 million is too much for an employee to earn giventhe government support the bank has received, Pandit said, "Yes." Andrew Hall, a trader at a Citigroup unit, is contractually entitled to a 2009 pay package that could be worth $100 million. Prior Citigroup management signed the agreement that compels the bank to pay Hall so much, Pandit said. Hall's massive pay package is a serious challenge for Kenneth Feinberg, the man U.S. President Barack Obama appointed to review executive pay at banks that accepted government bailouts.
If the "pay czar" is seen as soft on Hall's pay, the public outcry could be strong. Hall's potential $100 million payday is equal to about 2,000 times median household income in the United States in 2008. But it is not clear if Feinberg has authority to limit Hall's pay, given that the trader's contract was put in place well before February 11, 2009, the cut-off date for the pay czar's authority over compensation agreements.
Hall works at Citigroup energy trading unit Phibro, a business that Pandit said he is working to turn into an asset manager that invests money from outside investors, instead of a unit that trades Citigroup's money. Citigroup has received more government support than other major U.S. banks after suffering big losses from bad assets linked to consumer debt.
It has collected more than $45 billion of government capital in two separate transactions last year. A third deal that closed this month converted about $25 billion of that capital into common stock, with the rest being turned into securities known as trust preferred shares. That transaction stabilized a measure of the bank's capital strength. But the bank is still offering hefty multi-million dollar guaranteed bonuses to some new employees, sources told Reuters earlier this year.
DISAPPEARING NOISE?
The government now owns about 34 percent of Citigroup, but according to Pandit, is not involved in the bank's daily affairs. News reports have said that some regulators have pushed for Pandit's ouster, but the CEO said on Thursday that as long as the company still executes on its strategy, "all the noise will disappear."
If Work is Workship, I'm an Atheist
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