February 14, 2009

HOTCLUE’S OWN ECONOMIC STIMULUS BILL PLAN

NEWS FLASH:
SOURCE:  N.Y. TIMES, FEBRUARY 13, 2009
http://www.nytimes.com/2009/02/14/business/economy/14pay.html?_r=1&hp

>>>A provision buried deep inside the $787 billion economic stimulus bill would impose restrictions on executive bonuses at financial institutions that are much tougher than those proposed 10 days ago by the Treasury Department.

The provision, inserted by Senate Democrats over the objections of the Obama administration, is aimed at companies that have received financial bailout funds. It would prohibit cash bonuses and almost all other incentive compensation for the five most senior officers and the 20 highest-paid executives at large companies that receive money under the Treasury’s Troubled Asset Relief Program, or TARP.

The stimulus package was approved by the House on Friday, then by the Senate in the late evening.

The pay restrictions resemble those that the Treasury Department announced this month, but are likely to ensnare more executives at many more companies and also to cut more deeply into the bonuses that often account for the bulk of annual pay.

The restriction with the most bite would bar top executives from receiving bonuses exceeding one-third of their annual pay. Any bonus would have to be in the form of long-term incentives, like restricted stock, which could not be cashed out until the TARP money was repaid in full.<<<

Well, DANGITALL!  Now I’ll have to pare down my personal list of bankers I’d like to snare for a quiet little trip to Vegas in one of their own personal private jets, staying in a luxury suite at one of the big casinos (I really love WYNN and BELLAGIO) and playing with an everyday ten, twenty thousand or so of the Banker Du Jour’s private stash!

Sniff, sniff.  Pardon me for a minute while I grab a tissue, my tears are dripping all over my new faux leopardskin and ostrich feather bustier.

Okay, I’m back.  I’m serious, this is going to cut into my fun somethng terrible.  No more bankers’ top secret bonuses to have my way with.  No more hops around the world on those cute little $60 million dollar jets. No more gourmet dinners prepared in penthouse suites by Emeril or Bobby Flay.  (That’s really a bad break, Bobby’s awfully cute but now I’ll have to slash HIM from my list too, since I won’t be seeing him quite as often due to this recession.  How inconvenient is THAT, I ask you?)

To make things even worse, no more dinners at Stratta, where I always try to coordinate my outfit with their decor, red and gold and white and tastefully gentle brown.  Once I even coordinated my clothes with one of Stratta’s  individual pizzas, quite an undertaking considering all the different colored things on it, but hey, I wowed Count Babalallapaloozo anyhow.

Oh, yes, he’s still around.   Count Babalallapaloozo owns a bank.  You didn’t know that, did you?  I bet you thought he was one of those multimillionaires who sits around on his yacht thinking up ways to part you from your money and hide it in his Swiss bank account, didn’t you?  Well, you’re right, he IS!  He owns his own BANK!  Right here in the USA!

I don’t know how much longer he’ll be around though.  I heard through the grapevine he’s being investigated.  Sigh.  Isn’t that just my luck.  Find a live one with money and he winds up in Leavenworth, although I hear that’s called The Country Club where so many government-inspired bad boys go, so it ca’t be all that bad, can it?

They’d better be building another wing, from the looks of things.

Remind me to check out eHarmony.com.  They must have some millionaires on their list, right?

Next week:  THE DAWG!  Yes, Beth and I are going to tell you about Our New Addition.   Come back, ya hear me, and don’t forget, we love y’all, yes we do, even if we have been AOL for a while.  Okay, quite a while.  😉

Love,Hotclue Herself, In Person and Unattached.

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  1. Hots, don’t panic! You have narrowed your sights unnecessarily. Think bigger, woman. Go for those big bucks in Hollywood. It’s winter here and the sun will do wonders for your tan.

    Reply

  2. Sloane, this is Beth, answering for Hots, who anticipated your solution and left for Los Angeles Saturday afternoon to attend the Oscars. You DID see her, didn’t you? She was the blonde in the shimmery, form fitting red satin dress, hanging on the arms of two Hollywood producers. She doesn’t let any moss grow on her, not our Hots! I’m sure you’ll hear about her trip soon. Thanks for writing!
    Hugs, Beth, who is wondering if those diamond drop earrings were her trophies for the weekend, or just borrowed from one of the LA jewelers. I’ll find out when she gets home. 😉

    Reply

  3. Still waiting to hear about the dawg!! And a recent picture of him with Hots would be nice! Give him some smootches from me! Beth says he is really getting big but is very happy.

    Reply

  4. Will be updating any day now. Hots can’t pose for any photos at the moment, she’s off jetting around Europe with one of her new friends. I hope she’s having more fun than I’m having. Will kiss the dawg for you. He really is wonderful. Good thing I have him around.

    Reply

  5. Dear Beth Anderson,

    My writer’s critique group passed out your teaching on “Writing the Tight Synopsis” from Workshop Presentation at Autumn Authors’ Affair XIV.

    I followed you specific instructions and came up with one sentences on your following exercises:
    1) What is the book about 2) opening scene and 3) final scene. Although the sentences were legal, but long, without the prose, they said it was wrong.

    If possible, please contact me. I’d like to have you check what I’ve written before I send it to my literary agent.

    Reply

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