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Thread: aint this some sh!t

  1. #1
    strength, courage, wisdom soca junkie's Avatar soca junkie is offline
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    aint this some sh!t

    Nice Work If You Can Lose It

    Not bad for three months on the job. On July 11, Morgan Stanley (MWD ) announced that Co-President Stephen Crawford resigned, having just gotten the spot on Mar. 28. For his trouble, he will take home $32 million.

    In theory, Crawford is walking away with what he would have earned had he held the post for two years. But in practice, Morgan Stanley is paying Crawford an obscene sum, even by Wall Street standards, for being co-president for a mere 15 weeks. That's $53,000 an hour, assuming he put in an average 40-hour week.

    Of course, given the bank's recent tumult, Crawford probably had to work longer days. Still, even if he toiled 16 hours a day, seven days a week, during his short stint, he would have made $19,000 for each hourlong meeting he attended. Lead director Miles Marsh declined comment, as did Crawford. But a company spokesman says the deal was designed "to ensure management stability" during a search for a new CEO. Never mind that Crawford's promotion was a major cause of the turmoil.

    By Emily Thornton
    business week magazine

  2. #2
    Take Kaiso In Yuh Mouth!! lordsalt is offline
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    i wonder if in 3 months he even bought in the company 1/8 of that in revenue.

    salty

  3. #3
    You worserer than I Essiquibo's Avatar Essiquibo is offline
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    i used to work there.and trust me..if u see the annual bonus these cats make...

    you'd sh!t tartar sauce

  4. #4
    Wempy WadadliEmpress's Avatar WadadliEmpress is offline
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    hmmm
    i wonder if he wants a fling on de side

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