Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

A sad state of affairs (adjacent threads in LBN)

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007) Donate to DU
 
Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-15-06 12:57 PM
Original message
A sad state of affairs (adjacent threads in LBN)
More Americans hungry, homeless in 2006: mayors

Morgan Stanley's Mack Gets Record $40 Million Bonus



:(

Printer Friendly | Permalink |  | Top
hippiechick Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-15-06 01:08 PM
Response to Original message
1. Jebus.
:puke: That's just plain wrong.
Printer Friendly | Permalink |  | Top
 
acmavm Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-15-06 01:11 PM
Response to Reply #1
2. Yes, it most certainly is. And wouldn't you think that the recipient
of those goodies would understand that?

Printer Friendly | Permalink |  | Top
 
Divernan Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-15-06 01:18 PM
Response to Original message
3. That's peanuts! Hedge fund managers are getting $1 billion bonuses each!
This from an article in the NY Times on Dec. 13th:

"Now with top hedge fund executives expected to receive annual bonuses that should exceed $1 billion this year by comparison, the best- paid Wall Street chief executive may get $50 million they have become even more lucrative game."

More from the article:

In the fast-shifting sands of New Yorks moneyed classes, the explosion of hedge fund wealth has created a new financial pecking order. A century ago, the steel and oil money of Frick and Rockefeller was deemed to be new until it came to endow some of New Yorks great cultural institutions. In the 1980s and 1990s, the buyout kings Henry R. Kravis and Ronald O. Perelman became billionaires and were furiously courted to join museum boards.

Now institutions like the Guggenheim, the Whitney Museum and Lincoln Center are making a push for the newest money on the block as they try to lure hedge fund executives to join their boards. This effort has dovetailed with an emerging tendency by hedge fund moguls to spread their wings a bit in greater New York society.

A lot of these guys when they get their wealth and power, they want something to go along with that, said David Patrick Columbia, who has occasionally featured photographs of Mr. Ganek and his wife, Danielle, on his Web site, New York Social Diary. Some collect art, some want to be philanthropists and once they get into the swim they find themselves being wined and dined by a variety of people. This experience gives them an affirmation of their social magnitude and that is an alluring thing for someone who makes a billion dollars. The bait has always been simple: It is one thing to be rich and have world-class art on your walls, but it may not match the frisson that comes with having your name attached to a wing, rotunda or atrium. So, Mr. Kravis joined the board at the Metropolitan Museum of Art and got his wing; Mr. Perelman cast his lot with the Guggenheim and endowed a rotunda. More recently, Donald B. Marron, the former chief executive of PaineWebber and past president of the Museum of Modern Art board, had an atrium named after him and his wife.

(End of quote)
And that, boys and girls, is how the rich become the mega rich!



Printer Friendly | Permalink |  | Top
 
Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-15-06 02:14 PM
Response to Reply #3
7. HFS!
Printer Friendly | Permalink |  | Top
 
The Magistrate Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-15-06 01:25 PM
Response to Original message
4. Indeed, Sir
Edited on Fri Dec-15-06 01:25 PM by The Magistrate
And the fact is that where-ever you have the latter item, you will necessarily have the former....
Printer Friendly | Permalink |  | Top
 
independentpiney Donating Member (966 posts) Send PM | Profile | Ignore Fri Dec-15-06 01:31 PM
Response to Original message
5. Things like that literally make me feel sick nt
Printer Friendly | Permalink |  | Top
 
jus_the_facts Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-15-06 01:39 PM
Response to Original message
6. ....same as it ever was.....
And you may find yourself living in a shotgun shack And you may find yourself in another part of the world And you may find yourself behind the wheel of a large automobile And you may find yourself in a beautiful house, with a beautiful wife And you may ask yourself-Well...How did I get here?
Letting the days go by/let the water hold me down
Letting the days go by/water flowing underground
Into the blue again/after the money's gone
Once in a lifetime/water flowing underground.

And you may ask yourself
How do I work this?
And you may ask yourself
Where is that large automobile?
And you may tell yourself
This is not my beautiful house!
And you may tell yourself
This is not my beautiful wife!
Letting the days go by/let the water hold me down
Letting the days go by/water flowing underground
Into the blue again/after the money's gone
Once in a lifetime/water flowing underground.

Same as it ever was...Same as it ever was...Same as it ever was...
Same as it ever was...Same as it ever was...Same as it ever was...
Same as it ever was...Same as it ever was...

Water dissolving...and water removing
There is water at the bottom of the ocean
Carry the water at the bottom of the ocean
Remove the water at the bottom of the ocean!

Letting the days go by/let the water hold me down
Letting the days go by/water flowing underground
Into the blue again/in the silent water
Under the rocks and stones/there is water underground.

Letting the days go by/let the water hold me down
Letting the days go by/water flowing underground
Into the blue again/after the money's gone
Once in a lifetime/water flowing underground.

And you may ask yourself
What is that beautiful house?
And you may ask yourself
Where does that highway go?
And you may ask yourself
Am I right?...Am I wrong?
And you may tell yourself
MY GOD!...WHAT HAVE I DONE?

Letting the days go by/let the water hold me down
Letting the days go by/water flowing underground
Into the blue again/in the silent water
Under the rocks and stones/there is water underground.

Letting the days go by/let the water hold me down
Letting the days go by/water flowing underground
Into the blue again/after the money's gone
Once in a lifetime/water flowing underground.

Same as it ever was...Same as it ever was...Same as it ever was...
Same as it ever was...Same as it ever was...Same as it ever was...
Same as it ever was...Same as it ever was...

Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri Aug 01st 2014, 07:01 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC