Monday, January 19, 2009

The Cards Kurt Warner earns his bonus money

Kurt earned $1.5 million in bonus money for his play for the Cardinals during the season, $1.5 million for getting to the NFC Championship game, and another $500,000 for winning it. The odds of Arizona getting to the Super Bowl before the start of the season? 200-1!

Now let's compare sports to Wall Street. In December, who did American Banker give the reward for "Banker of the Year?" Ken Lewis of Bank of America!

Listen to their drivel:

Kenneth D. Lewis has emerged as a critical force for stability in tumultuous economic times.

A clear voice in policy debates, Mr. Lewis stood and made the convincing case last month when limits on executive compensation threatened the consensus behind the Treasury Department's plan to invest capital in financial firms. And it was Mr. Lewis who, under fire for his deals first for Countrywide and later for Merrill Lynch, never backed off his belief that each target had value, not merely as an opportunistic purchase, but also as a strategic one.

For these reasons and others, American Banker has named Mr. Lewis its 2008 Banker of the Year.

For many, the leader of the $1.83 trillion-asset Bank of America Corp. has become the face of U.S. banking. In October, when "60 Minutes" wanted to explain the government's rescue operation, it turned to Mr. Lewis.

"I never really thought about it one way or another," he said of his public profile. "It just became part of the territory as we truly became the Bank of America.

Banker of the year? Are you kidding me? Ken Lewis put shareholders in the trash can with his purchases of Countrywide and Merrill Lynch, (both insolvent institutions) and yet he gets the award as The Banker of the Year!

In sports, you earn your bonuses! If Kurt Warner worked on Wall Street, his payday would have been $3.7 billion!

Paulson & Co.’s funds (with an estimated $36 billion under management and growing by the day) were up a staggering $15 billion as the markets teetered in 2007; one fund gained 590 percent, another 353 percent. All this reportedly garnered him a personal payday of $3.7 billion, among the biggest in history.

Which means the Warner family will be buying some more meals for strangers when they go out to eat.,%20Kurt

$3.7 billion on Wall Street for bets against sub-prime, or a 37 year old QB leading the Cards to the SuperBowl.

I'd rather eat at the dinner table with Kurt.

He bet on life.

No comments: