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(Miami Herald) Hero One wealthy banker in the entire country figures out the proper thing to do with his windfall. One   (miamiherald.com) divider line 74
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8244 clicks; posted to Politics » on 15 Feb 2009 at 9:48 AM   |  Make this a Fark FavoriteFavorite    |   share: Share on OMGTWITTER WEB2.0share on StumbleUponshare on Facebook  more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!

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staplermofo [TotalFark] 2009-02-15 08:50:14 AM  
He must have found his soul when he retired from banking.

 
Tr0mBoNe [TotalFark] 2009-02-15 09:43:20 AM  
See!! The Trickle Down Effect works!!!

 
Kyro [TotalFark] 2009-02-15 09:51:22 AM  
He then wrote it all off his back-owed taxes.

 
PizzaJedi81 2009-02-15 09:55:18 AM  
Lynoitus: He then wrote it all off his back-owed taxes.

Did I miss where it said he was going to be appointed to the Obama Administration? ;-)

 
flannelled fool 2009-02-15 09:56:05 AM  
Lynoitus: He then wrote it all off his back-owed taxes.

In preparation for confirmation hearings after an appointment in the Obama administration.

 
FEMA_CAMPER 2009-02-15 09:57:50 AM  
www.thepatriotaxe.com

 
Linux_Yes [TotalFark] 2009-02-15 10:03:16 AM  
One

and th--th-th-that's all, Folks!!


'i certainly don't need the money'

but won't he be able to take it to heaven and buy more favors from God??

 
HotWingConspiracy [TotalFark] 2009-02-15 10:07:21 AM  
SOCIALEST

 
cxjohn 2009-02-15 10:10:27 AM  
No, socialism is when the government does it. When an individual does it, it's called philanthropy. Ours is one of the most philanthropic nation in the world, if not the most, and this guy just gets it.

Best use of HERO tag this week.

 
Jimmy Devil Rocket Science 2009-02-15 10:10:50 AM  
HotWingConspiracy: SOCIALEST

RON PAUL

 
robot monkey 2009-02-15 10:11:32 AM  
FTA

'I was shocked,' said William Perry. In 43 ½ the years at City National, he climbed from janitor to vice president. Like many longtime City National employees, he forged an unbreakable bond with the bank that continued into retirement. Perry returns regularly for the annual employees' dinner.

That's a hell of a climb, dude.

 
Gosling [TotalFark] 2009-02-15 10:15:44 AM  
Oh, please please please put this guy up as an example for the guys we're currently busy yelling at.

 
Tr0mBoNe [TotalFark] 2009-02-15 10:17:20 AM  
robot monkey: FTA

'I was shocked,' said William Perry. In 43 ½ the years at City National, he climbed from janitor to vice president. Like many longtime City National employees, he forged an unbreakable bond with the bank that continued into retirement. Perry returns regularly for the annual employees' dinner.

That's a hell of a climb, dude.


Yeah but he only made it to vice president. Slacker.

 
Jurodan 2009-02-15 10:20:33 AM  
That's awesome... Congrats to everyone involved. May he enjoy his retirement as well!

 
flannelled fool 2009-02-15 10:21:32 AM  

FTFA:

Sharing the wealth with staffers came naturally. Abess and his wife, Jayne, have long been big contributors to local organizations, such as the Greater Miami Jewish Federation and Mount Sinai Medical Center.


Making an assumption of course, but he is probably Jewish and a Democrat.

/ NTTAWTA

 
DrD'isInfotainment 2009-02-15 10:26:19 AM  
GoDang! If more Bank Presidents were more like this guy the country would be in great shape.

 
Animatronik 2009-02-15 10:39:14 AM  
cxjohn: No, socialism is when the government does it. When an individual does it, it's called philanthropy. Ours is one of the most philanthropic nation in the world, if not the most, and this guy just gets it.

Best use of HERO tag this week.


Deserves repeating. Cue the cartoon with the liberal with his hand in someone else's pocket. Of course, now they've graduated to signing your name on loan applications, because everyone's pockets are empty.

Bottom line is that this guy took it out of his own pocket, but the liberals don't understand the difference. Which is why a lot of their heroes, like Daschle, get rich by promising to spend other people's money.

 
Mrbogey 2009-02-15 10:41:03 AM  
flannelled fool: Making an assumption of course, but he is probably Jewish and a Democrat.

His political donation history supports that.

Odd how he used his own money to give to others. That's very undemocratic of him. ;)

 
chipspastic 2009-02-15 10:42:39 AM  
Mrbogey: flannelled fool: Making an assumption of course, but he is probably Jewish and a Democrat.

His political donation history supports that.

Odd how he used his own money to give to others. That's very undemocratic unrepublican of him. ;)


FTFY

 
Sweet Chin Music 2009-02-15 10:43:50 AM  
Go Fridge!

 
HotWingConspiracy [TotalFark] 2009-02-15 10:44:22 AM  
Animatronik: cxjohn: No, socialism is when the government does it. When an individual does it, it's called philanthropy. Ours is one of the most philanthropic nation in the world, if not the most, and this guy just gets it.

Best use of HERO tag this week.

Deserves repeating. Cue the cartoon with the liberal with his hand in someone else's pocket. Of course, now they've graduated to signing your name on loan applications, because everyone's pockets are empty.

Bottom line is that this guy took it out of his own pocket, but the liberals don't understand the difference. Which is why a lot of their heroes, like Daschle, get rich by promising to spend other people's money.


So you're confident this guy isn't a liberal?

 
Mrbogey 2009-02-15 10:46:44 AM  
chipspastic: Mrbogey: flannelled fool: Making an assumption of course, but he is probably Jewish and a Democrat.

His political donation history supports that.

Odd how he used his own money to give to others. That's very undemocratic unrepublican of him. ;)

FTFY


Saying it doesn't make it true.

 
chipspastic 2009-02-15 10:48:57 AM  
Mrbogey: chipspastic: Mrbogey: flannelled fool: Making an assumption of course, but he is probably Jewish and a Democrat.

His political donation history supports that.

Odd how he used his own money to give to others. That's very undemocratic unrepublican of him. ;)

FTFY

Saying it doesn't make it true.


Right back atcha

 
Phil Herup 2009-02-15 10:50:41 AM  
Mrbogey: Odd how he used his own money to give to others. That's very unDemocratic of him.


Exactly. A true Dem uses other peoples money and then expects praise for it.

 
Mentat [TotalFark] 2009-02-15 10:57:56 AM  
robot monkey: FTA

'I was shocked,' said William Perry. In 43 ½ the years at City National, he climbed from janitor to vice president. Like many longtime City National employees, he forged an unbreakable bond with the bank that continued into retirement. Perry returns regularly for the annual employees' dinner.

That's a hell of a climb, dude.


img132.imageshack.us

Yo momma!

 
Bacontastesgood 2009-02-15 11:02:29 AM  
Mentat: Yo momma!

HA! Good ref. Seriously, though, I wonder if this guy did night school and and exec MBA along the way. Or can you really be a bank VP with no college?

Is banking treated as unskilled labor, like selling cars or fast food? Maybe that's how we got here.

 
Linux_Yes [TotalFark] 2009-02-15 11:03:27 AM  
Phil Herup: Mrbogey: Odd how he used his own money to give to others. That's very unDemocratic of him.


Exactly. A true Dem uses other peoples money and then expects praise for it.


and your republican banker friends on wallstreet would never take public money.

and your boy bush would never approve of 350 Billion of public money going to the banks.

go back to listening to rush limblah.

 
Phil Herup 2009-02-15 11:06:43 AM  
Linux_Yes:

and your republican banker friends on wallstreet would never take public money.

and your boy bush would never approve of 350 Billion of public money going to the banks.

go back to listening to rush limblah.


Aren't you supposed to be an ALT of me?

 
jake3988 2009-02-15 11:07:45 AM  
*claps*

he is kinda lucky he only has 400 employees.

Most major banks have tens of thousands. Or in Wal-marts case, millions. If you give windfall to your employees, it's not much.

But hey, in a just and loving world this is what every single corporation and company would do.

/Yeah, Yeah, commie, I know.

 
Mr. Anon 2009-02-15 11:08:47 AM  
Before I came in here, I figured this guy had offed himself.

 
PizzaJedi81 2009-02-15 11:12:37 AM  
Guys, for once can't we drop the party affiliation game and just agree about how wicked cool this guy is?

 
Bobus520 2009-02-15 11:14:14 AM  
Mr. Anon: Before I came in here, I figured this guy had offed himself.

Annnnnd that's the thread. Night everybody.

 
Larry Mahnken [TotalFark] 2009-02-15 11:15:32 AM  
videodetective.com

 
TofuTheAlmighty 2009-02-15 11:17:51 AM  
Employees shouldn't have to rely on the generosity of CEOs and board rooms to acquire working wages.

 
TofuTheAlmighty 2009-02-15 11:19:37 AM  
TofuTheAlmighty: Employees shouldn't have to rely on the generosity of CEOs and board rooms to acquire working living wages.

FTFM

 
jso2897 2009-02-15 11:26:24 AM  
A mensch. They do exist, you know.

 
deltabourne 2009-02-15 11:29:21 AM  
He should have given more. These rich fark bankers disgust me. Cap the salaries of anyone above manager at $25,000 a year and hang them in the streets. I HOPE THEY ALL DIE RAR

/There's a good farker

 
HotWingConspiracy [TotalFark] 2009-02-15 11:31:06 AM  
Bacontastesgood: Mentat: Yo momma!

HA! Good ref. Seriously, though, I wonder if this guy did night school and and exec MBA along the way. Or can you really be a bank VP with no college?

Is banking treated as unskilled labor, like selling cars or fast food? Maybe that's how we got here.


I'd rather have a banker who learned hands-on from responsible people than some guy who read a textbook.

 
heavymetal [TotalFark] 2009-02-15 11:32:21 AM  
Linux_Yes: Phil Herup: Mrbogey: Odd how he used his own money to give to others. That's very unDemocratic of him.


Exactly. A true Dem uses other peoples money and then expects praise for it.

and your republican banker friends on wallstreet would never take public money.

and your boy bush would never approve of 350 Billion of public money going to the banks.

go back to listening to rush limblah.


If he were a Republican he would have given the money to Iraq or some other cause that guarentees the money will not benefit the working poor and middle class of the United States because they are lazy scum bags.

 
Nai 2009-02-15 11:35:24 AM  
from TFA:

In exchange for an 83 percent stake in the business, the Spanish bank Caja Madrid paid $927 million in November. Abess retained a minority share and is still the board chairman and chief executive officer at City National.

So Abess used 60 mil of the 927 mil to reward his to employees.

Nice.. but, seriously... The guy still made 867 million dollars after his 'charity'. Not exactly saint making, but was very nice of him.

 
Colombican305 2009-02-15 11:42:05 AM  
And would you believe, he's from my hometown?

In FLORIDA?

Suck it, Northerners.

 
Smacky the Frog 2009-02-15 11:43:14 AM  
Nai: from TFA:

In exchange for an 83 percent stake in the business, the Spanish bank Caja Madrid paid $927 million in November. Abess retained a minority share and is still the board chairman and chief executive officer at City National.

So Abess used 60 mil of the 927 mil to reward his to employees.

Nice.. but, seriously... The guy still made 867 million dollars after his 'charity'. Not exactly saint making, but was very nice of him.


Exactly. $60m/$927m = 6.47%. That's not even a good tip at a restaurant.

Still glad he did it. Though he could have at least given 15%.

 
Animatronik 2009-02-15 11:52:24 AM  
HotWingConspiracy: Animatronik: cxjohn: No, socialism is when the government does it. When an individual does it, it's called philanthropy. Ours is one of the most philanthropic nation in the world, if not the most, and this guy just gets it.

Best use of HERO tag this week.

Deserves repeating. Cue the cartoon with the liberal with his hand in someone else's pocket. Of course, now they've graduated to signing your name on loan applications, because everyone's pockets are empty.

Bottom line is that this guy took it out of his own pocket, but the liberals don't understand the difference. Which is why a lot of their heroes, like Daschle, get rich by promising to spend other people's money.

So you're confident this guy isn't a liberal?


I don't care what party he belongs to. I was responding to the idea the philanthropy is a form of socialism. People work hardest when they can keep what they earn, and a lot of people enjoy giving back some of what they earn because there is a reward to them in seeing their efforts benefit othesr. There's also the matter of people being able to invest in their OWN ideas, as opposed to ideas that the government instructs them are best. That's not socialism. Fine distinction there, I know.

You know society has broken down when people look to the government to provide for their needs, and individuals with the ability to acquire wealth choose to take the most and give the least back.

 
TheMaskedUnit 2009-02-15 11:58:05 AM  
HotWingConspiracy: Bacontastesgood: Mentat: Yo momma!

HA! Good ref. Seriously, though, I wonder if this guy did night school and and exec MBA along the way. Or can you really be a bank VP with no college?

Is banking treated as unskilled labor, like selling cars or fast food? Maybe that's how we got here.

I'd rather have a banker who learned hands-on from responsible people than some guy who read a textbook.


And more likely than not cheated his way through school.

 
The Rest Are Bait [TotalFark] 2009-02-15 12:07:33 PM  
Every time I read these stories I am amazed at how the former owner and CEO of my company was able to keep his name out of the papers for giving away close to $35 million to his employees when he sold the company. Some of my co-workers took home >$100,000 after taxes. Not me though since I hadn't been there that long. I was still happy to cash the check and keep my job.

 
No Such Agency 2009-02-15 12:26:04 PM  
Nai: from TFA:

In exchange for an 83 percent stake in the business, the Spanish bank Caja Madrid paid $927 million in November. Abess retained a minority share and is still the board chairman and chief executive officer at City National.

So Abess used 60 mil of the 927 mil to reward his to employees.

Nice.. but, seriously... The guy still made 867 million dollars after his 'charity'. Not exactly saint making, but was very nice of him.


But did all that money really go to just him, or was he just one major shareholder among many?

 
Linux_Yes [TotalFark] 2009-02-15 12:40:26 PM  
heavymetal: Linux

Give this man a medal!! well done.

 
Tavernknight 2009-02-15 12:41:49 PM  
robot monkey: FTA

'I was shocked,' said William Perry. In 43 ½ the years at City National, he climbed from janitor to vice president. Like many longtime City National employees, he forged an unbreakable bond with the bank that continued into retirement. Perry returns regularly for the annual employees' dinner.

That's a hell of a climb, dude.


That sort of climb is not possible anymore.

 
DeathByGeekSquad 2009-02-15 01:22:16 PM  
The Rest Are Bait: Every time I read these stories I am amazed at how the former owner and CEO of my company was able to keep his name out of the papers for giving away close to $35 million to his employees when he sold the company. Some of my co-workers took home >$100,000 after taxes. Not me though since I hadn't been there that long. I was still happy to cash the check and keep my job.

Charity reporting is one in a few thousand cases, it doesn't generate as much interest as death, destruction, chaos, greed, etc.

 
Catran 2009-02-15 01:32:44 PM  
'I saw that if the president doesn't come to work, it's not a big deal,' he said. ``But if the tellers don't show up, it's a serious problem.'

This is the difference between a man who worked from the bottom up and understands how important the lowly worker is.

The other CEOs sucking up the money or bonuses have never had to actually work for anything in their lives. They have the let them eat cake attitude.

If every CEO had to work at least a year, doing the lowly work and actually had to answer to their screw ups their attitude would change completely.

 
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