CITIGROUP intends to raise salaries by up to 50%; Effort to halt exodus of top traders, bankers

Drudge ^ | 6/23/09

[Crazieman]

Can I say, DUH?

[RockinRight]

Cap salaries, and lose talent to competitors who pay more.

Duh!

[Clintonfatigued]

Things is, a number of those top traders and bankers got us into the mess that the taxpayers are footing the bill for.

[shadeaud]

Will have to get permission from the money czar or cap czar or the czar of the world behind the red curtain before that can happen.

[Drango]

So where are all these so called high power people going? Wells Fargo? Bank of America? AIG?

[FlingWingFlyer]

Der Fuhrer’s “wealth czar” will be on the case before long. Only corrupt, ‘RAT politicians are allowed to make “the big bucks!” Citibank should know that.

[driftdiver]

“Things is, a number of those top traders and bankers got us into the mess that the taxpayers are footing the bill for.”

I always thought it was the mortgage people and those selling mortgage backed securities. How did a normal stock trader cause this?

[mylife]

Why those FAT CATS!

Obama wont like this!

[Red in Blue PA]

Careful now....common sense will be chased out of this thread.

[muawiyah]

After the performance of so terribly many banks and brokerages in the current economic difficulty I would suggest that there's no sign any of their employees are particularly talented in anything at all.

So what's the justification for increasing salaries?

[Red in Blue PA]

WHAT DO THEY DO DESERVE A RAISE?

Please anyone, answer that one.

[Red in Blue PA]

My question also.

[pnh102]

These are the same idiots who marched on DC demanding we bail them out of the mess they created. They shouldn’t be allowed anywhere NEAR a bank!

[WoofDog123]

goldman, morgan stanley, jp morgan, and any foreign institution not tied up in this tarp stuff.

[SERKIT]

Here's a group that had no caps on salaries - and we all paid for it!

[NoControllingLegalAuthority]

Halt the exodus?

Where is the grass greener?

The banking business is a disaster.

They can't afford to lose any more incompetents?

(from a recent e-mail: "I went to buy a new toaster and they threw in a bank." Also....."When the bank notifies you your check was returned due to insufficient funds, you have to ask if it's you or them that had no money to cover the check.")

[Star Traveler]

Drudge said — FLASH: CITIGROUP intends to raise salaries by up to 50%; Effort to halt exodus of top traders, bankers... Developing...

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Ummm..., where are they getting more money? LOL...

[Las Vegas Ron]

So what's the justification for increasing salaries?

Pay backs? Just a thought

[farlander]

Actually, *those* vere a very small number, and, those are LOOOONG gone.

[farlander]

UBS Warburg in Switzerland. They’ve been pretty much grabbing anyone they could get. And the Swiss govm’t is letting them negotiate their own tax rate with the Canton they decide to live in. Around 10% or so...