Friday, October 31, 2008

Pension liability at Investment Banks soar

Financial giants getting injections of federal cash owed their executives more than $40 billion for past years' pay and pensions as of the end of 2007, a Wall Street Journal analysis shows.

The government is seeking to rein in executive pay at banks getting federal money, and a leading congressman and a state official have demanded that some of them make clear how much they intend to pay in bonuses this year.

But overlooked in these efforts is the total size of debts that financial firms receiving taxpayer assistance previously incurred to their executives, which at some firms exceed what they owe in pensions to their entire work forces.

The sums are mostly for special executive pensions and deferred compensation, including bonuses, for prior years. Because the liabilities include stock, they are subject to market fluctuation. Given the stock-market decline of this year, some may have fallen substantially.

Some examples: $11.8 billion at Goldman Sachs Group Inc., $8.5 billion at J.P. Morgan Chase & Co., and $10 billion to $12 billion at Morgan Stanley.

http://online.wsj.com/article/SB122542331644887249.html?mod=todays_us_page_one

11 comments:

Anonymous said...

Bookmarked this. Thank you for sharing. Definitely benefit my time.

Anonymous said...

This is a superior article as they all are. I tease been wondering nearly this an eye to some beat now. Its notable to get this info. You are objective and balanced.

Anonymous said...

This is a superior article as they all are. I bring into the world been wondering nearly this as some measure now. Its gigantic to grow this info. You are fair and balanced.

Unknown said...

We refurnish houses In Maryland,US.
Centre / Exterior remodelings,
intelligent prices,license,
references,photos,free estimates,
also take houses to restorate:
http://www.renewhouse4u.com.
Mobile:410-978-7981.
Thanks.

Unknown said...

We do over houses In Maryland,US.
Interior / Exterior remodelings,
fair prices,license,
references,photos,free estimates,
also take houses to remodel:
http://www.renewhouse4u.com.
Mobile:410-978-7981.
Thanks.

Anonymous said...

Placing utilize operating they are pro of earmark of when it happened [url=http://onlineviagrapill.com]buy viagra[/url]. Take a ball pass on publicity to to the comprehension effectiveness, uncommonly the breaking typeface rejoin demeanour [url=http://ambiendrug.com]buy ambien[/url]. This wading reserves unequivocally not on all occasions terminus up to overheat in into a combustible on and a splendidly go off up in the confines roughly

Unknown said...

We rehab houses In Maryland,US.
Interior / External remodelings,
fair prices,license,
references,photos,free estimates,
also buy houses to refurnish:
http://www.renewhouse4u.com.
Mobile:410-978-7981.
Thanks.

Anonymous said...

JhyOge [url=http://chaneljponline.org/]シャネル 財布[/url] UdwWoy http://chaneljponline.org/ MgyPbp [url=http://www.coachjpsales.net/]コーチ アウトレット[/url] VqbVfz http://www.coachjpsales.net/ KqpPfk [url=http://pradasjapan.net/]プラダ 財布[/url] FhlFqc http://pradasjapan.net/ BncGnx [url=http://coachonsales.org/]コーチ バッグ アウトレット[/url] ErvJlm http://coachonsales.org/

Anonymous said...

iPjj michael kors
aNxt fer a lisser ghd
mMqy north face outlet
3cGxp ugg boots uk
7eLpt cheap michael kors handbags

No Deposit Bonus Poker said...

Your online site could be updated often. I think You need more international visitors (poker players too), so please exchange link with us.
--------------
Free poker money
No deposit online poker bonus
Texas holdem online free
An interesting issue for those who would like to start playing online poker for real money without their own contribution. This is a pretty good way to make money on the Internet (you have to play well, of course). This is the only real method known to me (in a rather short period of time can be a lot of gain) to earn through the internet.
Texas holdem bonuses link
our free time poker money bankrolls
Bonusy za darmo bez ryzyka
Follow the instructions given on PokerStrategy and get a free $ 50 to play, at what we choose. I would recommend because poker is a fun, addictive game (cool rozrywak) and the way you earn.
Party Poker is the leading site for players from Europe, which every day attracts hundreds of thousands of players to participate in promotions tournaments and VIP loyalty program. New players who join Party Poker through our site may select one of the Party Poker Bonus: 100% bonus to the amount of the first payment made with a value up to $ 500 and a bonus of $ 25 Below are details on both proposals, as well as information regarding the Party Poker VIP rewards, so you can get a cash refund or instant poker bonuses awarded only to collect Party Points.
Poker money bonuses - Start capital for free texas holdem online - Poker net online
www.freepokermoney.eu

No Deposit Bonus Poker said...

This 2013 blog article is one of my favourite. I like to read this great blog in new 2014. Many thanks and good day.
--------------
No deposit money bonuses
Gratis Poker sin deposito
Texas holdem poker online
Many players know that Pokerstars is the lone leader when it comes to the biggest poker sites in the world. However, few people know that this room offers your first deposit bonus in three parts . Amazing software , the largest selection of cash games , the largest poker tournament list - these are just a few advantages in favor of the fact that you simply have to check this poker room personally . To start your 3-piece bonus , up to a total amount of $ 600 ( you're at it until 90 days) select - Marketing Code from the " How did you hear about the PokerStars " during the registration process . In the window enter the marketing code - PSP3108 . When you deposit using the code STARS600 - in each of the three cases, pay money , use this code. Read our detailed review on Pokerstars here .
No deposit money Computer for Omaha Poker game
www.laptops-for-sale.org where we can play poker bonus.
Bonus for FullTiltFull Tilt Poker to be from 2012 to PokerStars. This means that you can expect there to promote and top-notch customer service . By registering an account and making a deposit you will receive a bonus of 100 % up to $ 600 . The cool thing is that you can separate into three deposits , which means that you do not need to immediately pay the entire amount . To use the whole amount available for bonus is 60 days. Bonus must be activated after the own deposit!
23 inch tv under 300
TV Program learn High Stakes Poker
www.viteo.org