what is going on here?: Citi buys a $50 million jet with our money

What Chutzpah. We bail them out and they use our money not for what they are supposed to use it for. Instead they buy a $50 million jet!!! I can't wait to here their excuse about this one.
Citi Jet Purchase: $50 Million, 12-Seat Plane Despite $45 Billion Bailout
http://www.huffingtonpost.com/2009/01/26/citi-jet-purchase-50-mill_n_160807.html

Merrill Lynch & Co Thain seeking 2008 bonus of $10 million: report.what a pig!

Yet another CEO wants more money while other suffer or lose money. Is there no shame?


(Reuters) – Merrill Lynch & Co Chief Executive John Thain has suggested to directors that he get a 2008 bonus of as much as $10 million, but the battered company's compensation committee is resisting his request, the Wall Street Journal said, citing people familiar with the situation.

http://news.yahoo.com/s/nm/20081208/bs_nm/us_merrill_bonus

Not only is the Ionic Breeze a piece of garbage, it might kill you!

This device is just plain worthless but I bet people keep buying them because it sounds good . WRONG! read on

http://skeptico.blogs.com/skeptico/2005/04/ionic_breeze.html

April 11, 2005
Ionic Breeze

" I’d often wondered about those Ionic Breeze air purifiers sold by The Sharper Image. Apparently they work by ionizing (electrically charging) dirt particles in the air which are then attracted to the oppositely charged collection blades in the unit. The charged particles stick to the blades and can be just wiped off. This always seemed too good to be true to me. And according to Consumer Reports magazine, it is:
Sharper Image’s Ionic Breeze Quadra Silent Air Purifier and four other similar machines fail to significantly clean the air — but also release potentially unhealthy levels of ozone.
The article is being published two months after San Francisco-based Sharper Image agreed to pay the magazine’s publisher, Consumers Union, $525,000 in legal costs after a judge dismissed its libel suit. The failed lawsuit alleged that earlier magazine articles highly critical of the Ionic Breeze’s ability to reduce airborne particles were false and malicious.
Apparently the “air ionization” process creates ozone as a by-product. Sharper Image’s attorney hit back with this hilarious appeal to popularity:
It is astonishing that Consumers Union would continue its misguided efforts to attack the judgment and experience of millions of Americans who are satisfied with the performance of the Ionic Breeze products
(FYI, Sharper Image’s full response.)
So this is an air purifier that not only doesn’t purify the air, but actually releases dangerous levels of poisonous ozone. Perhaps it should be renamed the Ironic Breeze."

Feds cut interest rates but Banks don't have to

That made my blood boil. Banks can do whatever they want! Here's the lowdown from ABC news.
(1) See that little print at the bottom of statements and when you sign up?
(2) what it really says is the banks can change the rates at any time without telling you!
(3) The banks are doing this partially to make up for the money they are loosing because of the mortgage fraud fiasco.
(4) so what can you say - the banks are pigs!
http://abcnews.go.com/Business/IndustryInfo/wireStory?id=4207517

http://abcnews.go.com/Business/MarketTalk/story?id=3619763

the missing pants ruling

Dry Cleaner Wins in Missing Pants Case

By LUBNA TAKRURI,
AP
Posted: 2007-06-25 11:11:57
WASHINGTON (June 25) -- A judge on Monday ruled in favor of a dry cleaner that was sued for $54 million over a missing pair of pants in a case that garnered international attention and renewed calls for litigation reform.


What do you think of the ruling in the missing pants case?
I agree with it96%
I disagree with it3%
Not sure1%
Total Votes: 108,431
http://news.aol.com/topnews/articles/_a/dry-cleaner-wins-in-missing-pants-case/20070625102609990002

A company and CEO climbs back from bankruptcy over the backs of the employees who take massive pay c

A company and CEO climbs back from bankruptcy over the backs of the employees who take massive pay cuts . The Northwest CEO rakes in $21 million and more for stock options for himself and millions for executives. The excuse is to keep the higher mangament team in tact so that they won't be lured away because they did such a great job in pillaging the parts of the company,


Northwest Airlines CEO defends pay as company leaves bankruptcy


Associated Press - May 31, 2007 7:24 PM ET
MINNEAPOLIS (AP) - Northwest Airlines CEO Doug Steenland is defending his own pay as the company comes out of bankruptcy.
Steenland's pay has been a sore spot with some Northwest workers. He was set to get almost $$27 million in equity, including stock options that would vest in future years.

http://www.wkbt.com/Global/story.asp?S=6595478

also


NWA Pilots Rally Against Executive Greed
May 31 - Several hundred Northwest Airlines pilots, flight attendants, and other Minnesota workers rallied yesterday at the Minnesota State Capitol in St. Paul today to protest Northwest CEO Doug Steenland's egregious compensation package and the growing pay disparity between management executives and employees.

What is wrong with this ?Mulally Ford CEO gets $28 mln

What is wrong with this ?

Mulally gets $28 million

Ford losses $12 billion

38,000 employees are given buyouts
Plus he gets a corporate jet to waste more money

Reuters Photo: Alan Mulally, President and CEO of Ford Motor Company, speaks at the New York ... Add headlines to your personalized My Yahoo! page ...
news.yahoo.com/s/nm/20070405/bs_nm/ford_pay_executives_dc

The best paid CEOs Jobs is #2

I don't know what a person does with millions of dollars. We are trying to pay for kids college and other stuff, a mortage and expenses. But it seems like some people can't make ends meet with the money they have.

John Elway, retired from the Denver Broncers says he is trying to make it to send his kids to college and for the future. Give a break Mr. Elway. Where is all the money from your Super Bowl , endorsements and the like?

Without Jobs, Jobs would not be Apple or running. The other CEOs I am not so sure their total annual conpensations. What do they do with that money? Usually fire other people.

The best paid CEOs Jobs is #2

Study: Heads of PeopleSoft, Apple Computer and MBNA are the best-compensated corporate leaders.

Steve Jobs, the CEO of Apple Computer, was No. 2 behind Conway, according to the Equilar analysis. Jobs got a compensation package worth $76.8 million comprised of a $1 salary, a $2.3 million bonus and $74.5 million in restricted stock. Jobs received no options to buy shares of Apple, which fell 34 percent last year.
Apple, which did not make significant job cuts last year, declined to comment on Jobs' pay package.

But unlike some of the others, his salary is $1, no significant pay cuts have occurred
http://money.cnn.com/2003/05/09/news/ceo_comp/index.htm