$100 Million Bonus?!

Well, looks like my letter to the editor made it into the free paper from the St Pete Times - the TBT.

I wrote them regarding this article:

$100 million bonus?! that's outlandish... I just had to comment...
so I sent this to the editors:

YES, it is too big.

First, $100 million is 5% of $2 billion, but Andrew Hall made an average of $400 million a year ($2 billion over 5 years) and, unless he doesn't get a yearly bonus, that would make his $100 billion bonus 25% of what he had brought in. Even if his bonus only rolls around every 5 years, one should ask themselves what kind of income comes BEFORE the $100 million bonus.

Second, not only is this man in the highly unregulated business of speculation, he happens to work for those same bailed out banks that lost billions last year and are raking in record breaking billions this year, largely in part, due to government handouts and cheap loans from the Fed - both at taxpayer expense.

Last year big business logic took more than $81 billion in losses and decided it was worth more than $32 billion in bonuses and the people just let it happen. Looks like they're on track to see the same kind of big bonuses again this year - who will stop them?

Detour-Mind

As luck would have it, they printed it... well, almost, some editing had taken place..

Here it is:



Of course, they left some things out... but so did I.

I should've included the fact that $100 million is 4000 times a $25k salary!

Peace out