After paying 19% in taxes on his $950 Million income, how many jobs did the CEO of Lehman Brothers create?

Question

$642 Million were part of a comp package that Lehman only had to pay 15% on as he declared this comp package income to be "capital gains".

How many people could Lehman Brothers have afforded not to layoff if they didn't pay their execs a combined, few billion per year?

Does it appear that the more a company pays the wealthy, the fewer employees that company can afford to keep vs "creating jobs"

Answer 1

No Conservatives are going to answer this question; it is too real. They'd rather talk about the gay marriage and terrorist monsters in their fairy tales about Liberals.



OMG! Some did! Yeah, the question is why should CEOs get hundreds of millions of dollars and pay less than 20% taxes while all the middle class and lower class workers lose their jobs or are stuck with 30% taxes. It isn't about money being bad or the rich getting robbed by the poor. It doesn't make sense to give out hundreds of millions of dollars to a few when that same amount of money could have paid for hundreds or even thousands to continue working. A job is damn better than trickle down economics.



No one in favor of lower taxes for the wealthy has ever been able to explain how increased taxes on the wealthy hurt Scandinavian countries.

Answer 2

He guided the company into bankruptcy, a loss of all jobs at Lehman Bro. Collected his pay package that include a $5 million "performance bonus" ?

Closed the companies doors, and is trying to decide where to spend his performance bonus, in China or India.



That same question should be asked of all Wall Street companies on their administrative salaries and freebies, that they fleeced from their stock holders.

Answer 3

If the CEO stuffed his mattress with money and/or burned it for heat then the answer would be zero. . Money doesn't do anything for you unless it’s spent or invested.



If that CEO put that money in a bank or other investment then that money was made available to be loaned or stock was purchased enabling a business to receive capital.



As that CEO spends his/her money they buy a lot of thing that you and I may not be able to afford but we do receive the benefit as that economic activity allows someone to have a job. Somebody makes those things the CEO buys.



If the CEO bought a boat, someone made that boat.... (There are lots of ship yards in Rhode Island. There was a luxury tax placed on the sale of boats which ended up getting repealed.... It was repealed because the "Tax on the Rich" was hurting the sales of boats and causing unemployment in the ship yards...



>>> (From the link)

KWAME HOLMAN: The theory behind the luxury tax sounded simple enough. Congress believed anyone willing to spend $100,000 or more on a new boat surely would be willing to pay an additional 10 percent to the federal government. But that didn't happen. Rather than pay the tax, many people in the market to buy a boat either didn't buy one, or bought one overseas. As a result, the luxury tax didn't bring in much money at all, and the customers' reluctance to buy put the boat-building business, particularly here in Rhode Island, out of business. We first visited Rhode Island in June of 1992. The luxury tax had been in effect for 18 months. Tens of thousands of jobs had been lost across the country, thousands in Rhode Island alone. <<<

Answer 4

Let's see if I got this right.



Our CEO pays 180 Million to help support the Government.

You pay at best 20 Thousand



Lehman Brothers have created 10 of thousands of jobs (Plus the taxes their employees pay)

You've created no jobs.



And yet you sit in righteous judgment that Lehman Brothers just haven't given enough.



Now that Lehman Brothers has gone bankrupt, thousands, perhaps 10s of thousands will lose their jobs.



And who's to blame for the sub-primes? Who's to blame for the credit crisis that's costing 100s of thousands of jobs throughout the economy?

http://www.youtube.com/watch?v=1RZVw3no2A4&feature=iv&annotation_id=event_597487



Just so happens it was Clinton & Congressional Dems FORCING American banks to make bad loans. This job loss was brought to you by stupid socialism.



And you know what your response will be? You will vote to elect a guy who thinks raising taxes on the 5% of Americans who create jobs - will create more jobs.



Do you think you could start a successful company? Go for it. Pay your Executives whatever you think their worth.



But if you actually succeed, be prepared for a bunch of clueless Liberals telling you how they could do better.

Answer 5

omg how can you possibly question trickle down economics! i mean unfairly taxing the middle and working class is the best way to keep an economy strong. those ceos work so much harder than the single mother with 3 jobs that they deserve tax breaks!

Answer 6

Creating jobs are not just with Lehman Brothers. And since when is it a bad thing to make money? He worked the deal, he deserves it. When the company can no longer afford any comp packages or bonuses are you going to chip in and help them? What is with this socialist attitude in this country? When did it become a bad word to succeed. This crap is out of the Communist play book.

Answer 7

How many worked for Lehman brothers? There's your answer.

Answer 8

LOL. Zero, of course... Only rednecks believe in republican lies nowadays..