Saturday, December 20, 2014

WHAT'S THE SOUND OF A BUBBLE POPPING?

How about being deemed "too big to fail"? Which simply means that when the greedy bunch of clowns in charge milk the company dry, the American taxpayer will be handed the bill to bail them out.

Here's how much "bad" management is paid to destroy the economy;

Name/TitleTotal CashEquityOtherTotal Compensation
William J. Wheeler 
President, Americas
$4,000,000$2,749,065$124,430$6,873,495
Steven A. Kandarian 
Chairman of the Board, President and Chief Executive Officer
$6,212,500$7,583,628$239,281$14,035,409
John C.R. Hele 
Chief Financial Officer
$2,100,000$758,371$19,397$2,877,768
Christopher G. Townsend 
President, Asia
$1,603,751$1,232,322$697,608$3,533,681
Martin J. Lippert 
Executive Vice President, Global Technology & Operations
$2,368,750$2,275,104$0$4,643,854




MetLife, the nation’s largest life insurer, said on Thursday that a federal panel had decided that it required the special oversight reserved for financial institutions deemed too big to fail.

Under a requirement of the Dodd-Frank financial oversight law, the Financial Stability Oversight Council has been identifying companies that qualify as a “systemically important financial institution,” or SIFI, in an effort to prevent any more toxic cascades like the one that ripped through the global financial system in 2008. Banks and other institutions that the council classifies as systemically important must meet tougher capital requirements, provide additional disclosures and come under supervision by the Federal Reserve.