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Thread: Sadly, this probably won't surpise anyone.

  1. #1
    Where's my chair? REDREAD's Avatar
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    Sadly, this probably won't surpise anyone.

    Sadly stories like this are pretty typical in this age of me-first greed

    In June, Co-President Stephen S. Crawford of the financial giant Morgan Stanley (who was installed in the job in order to ensure management "stability" during the company's currently shaky status with investors) signed a two-year contract at $16 million a year which allowed him, if he changed his mind, to resign and promptly collect all $32 million. A few days later, he resigned. The "stability" was needed at faltering Morgan Stanley because longtime CEO Philip J. Purcell had just been eased out, but his contract called for $113 million in severance pay. [New York Times, 7-11-05]
    Thank you Walt and Bob for going for it in 2010-2014!

    Nov. 13, 2007: One of the greatest days in Reds history: John Allen gets the boot!

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  3. #2
    Please come again pedro's Avatar
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    Re: Sadly, this probably won't surpise anyone.

    That is beyond the pale.
    Get your nunchucks and the keys to your dad's car. I know where we can get a gun

  4. #3
    The Lineups stink. KronoRed's Avatar
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    Re: Sadly, this probably won't surpise anyone.

    32 million for a few days work?

    I need to get into that business.
    Go Gators!

  5. #4
    Mod Law zombie-a-go-go's Avatar
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    Re: Sadly, this probably won't surpise anyone.



    Oh man, that's great. What did they expect?

    On the other hand, I hope that 32mil lasts him, because I imagine his actions are going to leave a pretty large stain on his resume.
    "It's easier to give up. I'm not a very vocal player. I lead by example. I take the attitude that I've got to go out and do it. Because of who I am, I've got to give everything I've got to come back."
    -Ken Griffey Jr.

  6. #5
    Mod Law zombie-a-go-go's Avatar
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    Re: Sadly, this probably won't surpise anyone.

    Did I really just say "I hope that 32mil lasts him?"

    Heh.
    "It's easier to give up. I'm not a very vocal player. I lead by example. I take the attitude that I've got to go out and do it. Because of who I am, I've got to give everything I've got to come back."
    -Ken Griffey Jr.

  7. #6
    Plays The Right Way Hap's Avatar
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    Re: Sadly, this probably won't surpise anyone.

    I'm glad I never used them to invest any of my retirement nest egg.
    .

  8. #7
    Hey Cubs Fans RFS62's Avatar
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    Re: Sadly, this probably won't surpise anyone.

    Unbelievable
    "Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover."
    ~ Mark Twain

  9. #8
    Baseball card addict MrCinatit's Avatar
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    Re: Sadly, this probably won't surpise anyone.

    Quote Originally Posted by zombie-a-go-go
    Did I really just say "I hope that 32mil lasts him?"

    Heh.
    actually, the pathetic thing about this is that people who make that much money somehow manage to burn it up in no time.
    that said, contract or no contract, i smell a lawsuit in the making.

  10. #9
    Harry Chiti Fan registerthis's Avatar
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    Re: Sadly, this probably won't surpise anyone.

    Ahhh, Mega Companies.

    I just love them.

  11. #10
    Designated Threadkiller LincolnparkRed's Avatar
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    Re: Sadly, this probably won't surpise anyone.

    Quote Originally Posted by MrCinatit
    actually, the pathetic thing about this is that people who make that much money somehow manage to burn it up in no time.
    that said, contract or no contract, i smell a lawsuit in the making.
    I will agree with that, I supervise the corporate card program at our company and get to see what everyone spends every month. Some of the attorneys make over a 1,000,000 yearly but spend 8,000 a month on their credits cards.
    Climbing down from the bridge, but keeping the torch lit until Dusty's fate is settled

  12. #11
    Where's my chair? REDREAD's Avatar
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    Re: Sadly, this probably won't surpise anyone.

    Quote Originally Posted by registerthis
    Ahhh, Mega Companies.

    I just love them.
    Yep, and you just have to wonder how many 20-30k jobs are eliminated every year to "help the bottom line". Then the board has no problem paying out 145 million as severance pay to those two jokers.

    And I bet Crawford probably gets another job if he wants one. It's definitely a "good old boys" network.
    Thank you Walt and Bob for going for it in 2010-2014!

    Nov. 13, 2007: One of the greatest days in Reds history: John Allen gets the boot!


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