Defending a $100 Million Pay Package

Friday, August 14, 2009

Is $100 million too much for one year for one Citigroup trader? That's what the White House pay czar may decide as he starts his compensation review at bailed-out financial firms. But Citi is arguing that its energy trader deserves the money. Takeaway friend and finance expert Alvin Hall looks at the bank's argument. And we speak to two people with an opinion: Matt Spaulding is a small business owner in Atlanta; and Judy Coughlin is a clerical worker in Lowell whose union just voted for a pay freeze.

Watch a Fox Business News report on Citigroup's push for compensation.

Guests:

Alvin Hall

Hosted by:

Katherine Lanpher

Contributors:

Clancy Nolan

Comments [1]

former citi e mployee


I am astounded by the naivety of your expert and commenters.

Andrew Hall, who you neglected to mention is a main speculator in oil--remember $4 gas?--is a jawdropping candidate for such treatment.

Obscene amounts of money were and continue to be redistribution from taxpayers to speculators. It appears there will be no significant changes in our financial system. This corruption fundamentally undermines democracy and we get the misdirecting prating of Citi talking points about sanctity of contract and the allegation it's relevant his contract was signed in February?

The fact is he (and so many others on wall street) would not have been paid if the US Treasury and the Federal Reserve had not conspired to debase our currency and mushroom our national debt, crucifying small savers like me.

YOU ARE PARTICIPATING IN PROPAGANDA WHEN YOU FAIL TO HIGHLIGHT THE EGREGIOUS PILLAGING OF TAXPAYERS BY WALLSTREET.

Aug. 14 2009 08:48 AM

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