AJ's Profile
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Entry: Chuck Grassley Dead Serious About Wanting AIG Execs Dead
posted by AJ
Mar 17, 2009 9:43AM
@54 And Obama said "Take back their bonuses." And it was so. And Obama saw that it was good?
Entry: Chuck Grassley Dead Serious About Wanting AIG Execs Dead
posted by AJ
Mar 17, 2009 12:46PM
@62... the money was already paid, you want them to enact a tax on past transfers? I understand they can use very narrowly defined tax laws for future payments but I don't see how they can do that for historical payments.
Entry: 90% Tax Bill Passes House
posted by AJ
Mar 19, 2009 3:27PM
If the Senate passes this, I better see a lot of Drudge sirens...
Entry: Opening Bell: 03.25.09
posted by AJ
Mar 25, 2009 8:35AM
@4 It's a waste of time responding to the people who ventured over here from Yahoo
Entry: Don't Bank On It
posted by AJ
Apr 20, 2009 8:45PM
@32 On behalf of myself and all the other Wharton grads, please shut the fuck up
Entry: Opening Bell: 04.24.09
posted by AJ
Apr 24, 2009 8:46AM
Requisite obnoxious, elitist comment:
Notre Dame has a business school? Learn something new everyday...
Entry: Do Not Be Alarmed: Low Flying Jet Just A Military Drill/Vanity Project
posted by AJ
Apr 27, 2009 10:45AM
Did they borrow Air Force One for that? It looks like it has the blue at the front
Entry: BAC, C Take Issue With Suggestion They Need More Capital
posted by AJ
Apr 28, 2009 8:09AM
Does CNBC not get the WSJ? They're too busy talking about swine flu and Chrysler to mention Citi and BofA's failure.
Entry: UBS Encouraging Incoming Class To Show Up Late For Work
posted by AJ
May 01, 2009 11:50AM
I really hope no one signed their apartment lease yet...
posted by AJ
May 01, 2009 2:04PM
I love that Aubrey got a shit-ton of options/awards to help make up for the fact that he had to sell like $1 billion worth in a margin call. What a d-bag
posted by AJ
May 01, 2009 2:30PM
@13 WTF are you talking about? They redid McClendon's contract in December 2008 and it included a one-time cash bonus of $75 million and at least $30 million or so of stock plus some other ridiculous stuff.
posted by AJ
May 01, 2009 2:57PM
yeah bess cut off the full sentence:
"The total pay figures are rounded and are based on the AP's compensation formula, which adds up salary, perks, bonuses, preferential interest rates on pay set aside for later, and company estimates for the value of stock options and stock awards on the day they were granted last year."
so those numbers aren't just options
posted by AJ
May 01, 2009 3:09PM
@24 For a lot of them (particularly Jha), the values will be misleading since most of his comp was stock and the value of the stock has plummeted since the grant date. However, for someone like Aubrey who was paid mostly in cash, that $100 million+ number is not overstating what he was paid, particularly since his contract was done at year end and the stock is actually up since then.
posted by AJ
May 01, 2009 3:11PM
@24 For a lot of them (particularly Jha), the values will be misleading since most of his comp was stock and the value of the stock has plummeted since the grant date. However, for someone like Aubrey who was paid mostly in cash, that $100 million+ number is not overstating what he was paid, particularly since his contract was done at year end and the stock is actually up since then.
Also just looking at options isn't too useful since a lot of them (Philip Morris) received stock grants.
Entry: Eliot Spitzer Needs Spending Money
posted by AJ
May 06, 2009 4:10PM
I am glad Eliot brought her into my life
Entry: New York Fed Chair Stephen Friedman Resigns Effective Immediately
posted by AJ
May 07, 2009 5:41PM
I'd pick staying on GS's board over the fed too
Entry: Drugs And Money
posted by AJ
May 11, 2009 10:53AM
So this implies that the SEC and other government agencies turned a blind-eye towards Stanford's ponzi scheme and let tons of people lose their savings by depositing it in Stanford's bank because the DEA wanted his help tracking drug money?
Man, I love the war on drugs...
Entry: Chuck Grassley Dead Serious About Wanting AIG Execs Dead
posted by AJ
Mar 17, 2009 8:38AM
@40 Mr Legally Educated... could you please cite some examples of "narrowly targeted and retroactive" taxes in the US? I had the belief that the Constitution (Article 1, Section 9) frowned on retroactive measures (although admittedly there are some exceptions)...