Money Is Money

Regardless what you want to call it.  The point is these guys will ALWAYS get their pound of flesh.

The soon-to-be-merged financial giants — Morgan Stanley and Citigroup’s Smith Barney — announced the payments during an internal conference call last week, but warned advisers against describing them in terms that would cause PR headaches

“There will be a retention award. Please do not call it a bonus,” said James Gorman, co-president of Morgan Stanley. “It is not a bonus. It is an award. And it recognizes the importance of keeping our team in place as we go through this integration.”

“They are putting lipstick on a pig,” said Peter Morici, a professor at the University of Maryland School of Business and former Chief Economist at the U.S. International Trade Commission. “Very often, retention bonuses are paid to undeserving executives who helped drive their enterprises into the ground. This is like people who hold up banks getting paid to stop holding up banks. It isn’t good policy. It’s not always the case, but on Wall Street, people were vastly overpaid for the value that they created.”

Just another attempt to conceal the fact that they are still getting all their blood money from the companies.  They will make sure that they get theirs and the taxpayer gets theirs (screwed that is).

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