$ 2.5 BILLION Bonus at Lehman (OMG !!)

The Times Online ^ | Sept. 21, 2008 | John Waples and Danny Fortson

[tsmith130]

Where do you see it’s divided among 5000 people?

[mylife]

Not if the voted to give the execs the bonuses

[Cold Heat]

Yeah, their department heads.

I don't know how they do it at Lehman or did it, but believe me when I tell you that few people will not see some of that cash after it gets distributed, even the doorman.

That's how it works, and how it's always worked.

[mylife]

Lehmans isnt getting a bail out from taxpayers

[Cold Heat]

See my 43 where I explained this aspect.

[Cold Heat]

They got hosed on credit default swaps, CDOs and the short sellers.

[EGPWS]

And it’s a political decision to bilk American taxpayers out of $700 billion dollars.

Repeat as necessary.

Tough decisions and volatile risks to resolve by Washington, however who is left holding the bag in the loooong run?

[Cold Heat]

Who would you prefer to give the bag to?

[tsmith130]

So, based on some experience you have, you’re saying it will be split between 5000 people and not just the approx. 210 that the article mentions? I’m trying to understand where you came up with the 5000 figure.

[ican'tbelieveit]

Just pointing out the 5000 you mention are not part of the numbers for the bonus at all. They are in foreign offices and it looks like they have a “feeling” their services will not be required within days.

So yeah, it is really hard to see people getting the money in one building, but you are on the street.

And equitable share of that money to the doorman, in the current company operations is nothing near equitable. In fact, I can guarantee that doorman is a contractor and won’t see a dime.

[kc8ukw]

You know, I think this sort of thing drums up as much Republican hate as anything. Don’t ask me how people know that the people receiving the bonuses are Republicans, but somehow they do. (Or at least think they do.)

[mylife]

Bottom line is that Barclays will prolly buy the sound assets on the cheap and not take the liability.

[mylife]

In this case the shareholders

[EGPWS]

Who would you prefer to give the bag to?

The manufacturer of the bag, up front and in their face.

[bert]

But where are all the customer’s yachts?

[Cold Heat]

This division has about 5000 employees. It is the sweet spot of Lehman and the most profitable of all divisions. it was making a profit when it shut down, and was holding up what was left of the company which is why Barclay's wanted it badly.

Bonuses go out once a year, and even though the payee list is somewhat limited to responsibility, the money is spread around in good companies which is why people stay long hours and are very loyal. it's just how things are done, and they think of themselves as family.

[cw35]

Probably worth every penny. What’s the point of buying Lehman without the people. For those who are not deemed worthy of getting the stay on bonus it’s tough but it’s life. Time for them to find another job.

[Cold Heat]

That would be congress.

[Candor7]

I am very happy. My Barclay's stock just jumped about 11% up in value, with a lot more leg to come.

[EGPWS]

In this case the shareholders

Yep.