Politics

The rich stay richer

Funny how the rich take care of themselves. There are rumors that the people most responsible for Lehman’s losses are working on compensating themselves for their own loss:
Talk Of Palace Coup & Strategic Chaos At Top Firm

Finally, The Sunday Times reports that Lehman is trying work out a payout plan for senior executives to compensate them for ‘the huge loss of value in their share options’, due to the dramatic fall in the firm’s share price over the last 12 months. The newspaper quotes an unnamed source, who said: ‘There has been talk at a senior level about finding some form of compensation for the loss of value in the share options’.

Standard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.