P!
Lazard seems to have avoided most of the bubble years skulduggery and never took any Federal bailout. They seem clean so if they are stealing from the stockholders at least they aren’t taking from the taxpayers
Well at least they aren’t screwing us the taxpayers like a lot of them. Their shareholders can move their money.
what a load of CRAP!. How many people could hav ebeen employed for those bonus payouts? I am all for capitalism, trust me, but dang! There is no reason, I mean no reason for this kind of BS. I am glad I have no part in that company.
Value works it way out one way or another.
The management looting of American companies continues
Most people are turning commie regarding bonuses that are paid.
I worked for a firm that had 80% of its compensation tied into bonuses.
I would like to see Katie give up some of her money tho.
Paying more bonuses in cash may avoid problems with the tax implications of stock options, particularly deferred ones. Accelerating some deferred cash awards from a prior year may have to do with expected tax increases and the expiration of the Bush tax cuts at the end of this year.
Publicity-wise, it appears to be bad, but there may be some very rational reasons for Lazard doing what they did.
At first I thought the headline read “Lizard bonuses . . . “
Sure is refreshing to see some good old fashioned shameless capitalism......makes me long for a time past. Bravo for Lazard!!!