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Don't forget they also paid bonuses the morning they failed.

• fnordpiglet 4y ago
  This is the time of the year when banks pay bonuses for the prior years work. My understanding is it was scheduled annually at the same time and happened to occur the day they went insolvent. Frankly I’m down with Nancy in client confirm generation getting her bonus. The senior managers all got fired and their comp clawed back, so seems legit.
  • psychlops 4y ago
    I've no problems with Nancy, she's pretty cool. Firing isn't really enough, loss of license and industry bans should be on the table as well as criminal investigations for fraud and negligence of custodial funds.
  • jgon 4y ago
    You seem pretty emphatic that senior managers have had their compensation clawed back but have posted absolutely zero proof that this is the case. Care to show any reason we should believe you?