Sunday, July 17, 2011

Heads I Win, Tails I Win.

"Business" men get paid regardless of how they perform.

Run a bank into the ground and you're rewarded with millions, and offered millions to keep "running" the bank.

Ed Garvey writes, "M&I Bank was, as you know, sold to a Canadian company. The men who negotiated the deal took care of themselves! "This is just the way things are done these days" said one apologist. Maybe. Mark Furlong, president and CEO got $18 million and $6 million per year if he stays on. Sixteen other executives will get almost $47 million in cash."

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