bmwman, I am NOT concern the qualification, my concern is based on the fact that in fiscal year 2012, between food stamps, housing support, child care, Medicaid and other benefits, the average U.S. Household below the poverty line received $168.00 a day in government support. What's the problem with that much support? Well, the median household income in America is just over $50,000, which averages out to $137.13 a day. To put it another way, being on welfare now pays the equivalent of $30.00 an hour for a 40-hour week, while the average job pays $20.00 an hour.
If so, what is righteousness and decency in the street? Is this a criminal? What are different between this analyst and London Whale for example? According to the scope of work, not the qualification for the position, Secretary of State deal with not only the US issues, but also the global affair and annual salary is $200,000, this analyst barely understand the company he studies. Based on our traditional value and ethics, how to justify his huge bonus?
were around $8-$9 and its P/B is 0.3 and put price target into $7 (P/B = 0.2) and will receive the yearend bonus equal to around 10 times our president’s annual salary because the well written analysis (By the way, our President pretty much deals with issues of 6 billion global population)
I did not know ethics and rewards in Wall Street are different from our traditional value and I did not know London Whale is everywhere in financial district, so I listened to one extremely high income Analyst, 30 million Euro when you include his bonus, who downgraded GNW when its P/B is 0.3 and put price target into $7 (P/B = 0.2) and thus I sold half of my position earlier this year