1. Touch ‘start’ 2. Wait for 3, 2, 1. 3. Memorize the position of the numbers, then click the circle from the smallest number to the biggest number. 4. At the end of game, computer will tell you the age of your brain.
I’m apparently 22! Though I’m curious what the upper and lower limits are to this, and the overall trend. I mean, certainly if you get them all right, it’s not going to tell you that your brain is ten years old or something?
I’m apparently 37.
23 over here.
I played this game three times in a row and my ‘score’ kept going up. The third time it said I was 38. I’m calling bullshit.
A golden parachute is a clause in an executive’s employment contract that specifies he will receive benefits in the event the company is taken over and the executive is let go. A golden parachute can come in the form of severance pay in cash, stock options, bonuses, etc. The term more loosely refers to an executive’s severance package - regardless of takeover. Golden parachutes are designed to protect the executive from job loss and to hinder unwanted takeovers.
The origin of the “golden parachute” comes from TWA and Howard Hughes. Shareholders wanted to decrease Hughes’ control of TWA and so appointed Charles Tillinghurst as chariman of TWA. They guaranteed Tillinghurst financial protection (a severance package) if Hughes were to retain control and fire him.
Below is a list of various egregious compensation packages and golden parachutes awarded to Wall Street’s best. They’re listed in chronological order of bank failure. (Numbers may be disputed based upon which CEO pay calculator you use. Some include cash, pension, benefits, accelerated stock and options and other compensation, while some do not. Either way - you get the point.)
Countrywide - Angelo Mozilo was supposed to receive a $37.5 million severance package when Countrywide was acquired by BofA in January, though he declined it. He did, however, cash in on his stock options to make about $122 million.
Bear Stearns - James Cayne sold his stake of Bear shares for$61 million just before the company completely collapsed and was sold off to JPMorgan.
Indymac – Michael Perry, Indy’s CEO & Chairman, was dealt something more like a golden anvil. He’s under investigation for misleading the investing public about IndyMac Bank’s risk profile and financial condition from April 26, 07 until May 12, 2008.
Fannie Mae - Daniel Mudd earned $11.6 million last year and was expected to receive $8 million in a severance package after Fannie was rescued. The Federal Housing Finance Agency (FHFA) denied him that golden parachute.
Freddie Mac - Richard Syron earned $18.3 million last year and was expected to receive $16 million when Freddie went down. Again, the FHFA, which Congress gave the power to limit severance packages of departing executives, said no.
Merrill Lynch - Stanley O’Neal received a $161 million retirement package when we was let go last year after the bank saw huge losses. When Thain came on board, he said he wouldn’t accept any cash severance. Instead, he took restricted stock, giving him a nice $9 million parachute to fly away from the sale of Merrill to BofA.
Lehman Brothers - Richard Fuld, Lehman’s CEO, received about $22 million in exit packages and earned $354 million in his last 4 years as CEO. He also sold about $490 million worth of LEH stock before it collapsed. Not a bad retirement plan.
AIG - Robert Willumstad was supposed to receive a $22 million exit package when AIG was rescued by the Treasury, but he voluntarily declined. His predecessor, however, was not as humble. Martin Sullivan, who was forced out of AIG in June 2008 received$15 million in severance package.
Washington Mutual - Kerry Killinger, WaMu’s former CEO received$44 million upon his departure on September 8. He was succeeded by Alan Fishman, who was on the job for 17 days before WaMu went down, but received $20 million.
Goldman Sachs - Lloyd Blankfein, Goldman’s CEO, made $70 million last year.
Morgan Stanley – Mack the Knife received over $1.6 million in stock last year.
Wachovia - Ken Thompson received package worth $5 million when he was ousted in June (after making a nice salary of $20 million in 2007). Bob Steel, his predecessor brought on in July, was set to receive $1 million salary plus a $12 million bonus, but we’ll see what he really gets after the dust settles in Wachovia’s sale to Citigroup.
Citigroup - Chuck Prince left Citi last year with a $22 million severance package. Mind you that was after Citi announced far greater than expected losses.
JP Morgan Chase – CEO James Dimon earned about $28 million in 2007.
I know I’m not alone when I say that I hate the new tumblr radar err I mean explore feature. I’ve seen people posting about it and its faults before and I mostly agree with them but I just never cared enough to re-blog it.
With that being said, what I will take the time to bitch about this evening is repetitive content. Remeber when I posted that Bright Eyes song on August 19th? It made the radar. It was my first radar appearance and to be honest I was kind of surprised. Don’t get me wrong I like the song as much as everyone else who reblogged it from me but it was more so a random post because the lyrics pretty accurately matched the way I was feeling at that particular moment.
Anyway, it’s been a little over a month and that same fucking song is on the radar err explore thingy. I’m not mad but slightly annoyed rather. Sometimes I feel like the same random shit keeps getting regurgitated onto the radar. Does it? Am I being over sensitive here? Isn’t the radar supposed to bring fresh new material to my attention so I can go discover new people to follow? Am I missing the point?
The String Quartet Tribute to Fall Out Boy - Sugar, We’re Goin’ Down
Anyway, Katie put this as the last song on her latest YM post. I’ve said it before and I’m saying it again. Go. Read.
Cool treatment. And great post by KatieBakes. Refreshing to read a new angle on an already exhausted premise.
I will admit I got this song stuck in my head many times years ago but this version is just great. I actually have a couple of the String Quartet tribute albums. They’re great for studying/writing/coding/etc when you want to hum along with something but don’t want to be distracted by lyrics.
Here’s an interesting article by Justin Fox for TIME about how US has been selling $700 billion in debt securities to foreigners every year (the number is the same as the bailout plan, but that’s just a coincidence) and how the party’s coming to an end (maybe)
1. Return to simplicity. Simplification is about de-cluttering your life. It’s not just de-cluttering our homes and spaces though, it’s simplifying our mental and emotional realms. It’s shedding the baggage of self-limiting beliefs and constant mental chatter. It’s finding some quietude in your life.
I don’t always agree with these lists that zen habits comes up with but this one has some real truth bombs.
The Austin City Limits music fest started today and runs through the weekend. You can stream the live performances from this site. The live video requires Windows Media Player, so Mac users may need to install this plugin. I wish I was there in person again this year, but this is the next best thing.
Sara and I were supposed to attend this. She had big plans to see all the major players but sadly being a broke post-college graduate has foiled my plans once again. I suppose this is the next best thing and I thank you for sharing.
Update: I just caught the end of the slightly stoopid set and G. Love is up next. Now I’m super bummed out.