Did Peter Schiff cut his brother's bonus?

cohodk

Sure looks that way. And he cant make it on only $350k/ year. Pete's company not doing well?


http://www.bloomberg.com/news/2012-02-29/wall-street-bonus-withdrawal-means-trading-aspen-for-cheap-chex.html

derryb

one less one percenter is a good thing.

jmski52

There's entitlement mentality at all levels.

DrBuster

HA! Booo freakin hoo.

erickso1

I read it first thing this morning and kept looking for the part where it said it was an article from the Onion.

I think the thesis of the article was that relative cuts in pay are tough emotionally, but I think there are much better ways to present that argument.

percyb

It's all perspective. Every rung on the wealty ladder is effected during deep recessions.

originalisbest

How incredibly typical of our rich "betters".

derryb

Maybe he should buy that house he wants in Baleyville.

Justacommeman

I will ask his mom. Trust me, she will know.

edit
Just spoke to her. She didn't know. Response.

Sh!t. Peter is going to kill him

MJ

newmoney

I would think that Peter would not be happy with an article like that

derryb

As usual, I agree with MISH

7over8

<< <i>People who have nothing to eat, no job, and are about to be tossed out of their homes in foreclosure, really do not know what stress is. >>



But the problem is they arent being thrown out of their homes, they are living right alongside of all the hardworking individuals paying their 2-3k (incl taxes) mortgages.........and they arent paying.

They arent paying for years. Sometimes as many as 4 years.

Those people are still enjoying their cars, vacations, etc, but not paying their upside down mortgages.

So even though I dont have sympathy for the guy making a million a year who just got cut to 750k, I also dont have sympathy for those losers who live in nice homes and dont pay - and also those who "cheat" and dont have the majority of their earnings as W2, who apply for all the financial aid, foodstamps, etc and get it when there are truly poor people who need help.

The real tough spot to be in - neither rich or poor. Right in the middle. It is a different level of hh income in different parts of the country - here in the NYC area it has to be around 80-120k hh per year. Good luck with that - you might as well quit your job and divorce your wife when your kids are approaching college age....you will do much better sitting on your lawn chair in your yard.

Baley

<< <i>Maybe he should buy that house he wants in Baleyville. >>



I have no idea what this is supposed to mean in this context. Is the subject of this thread somehow my fault? If so, I apologize.

derryb

It was a reference to his wanting to buy a house but being unable to due to his particular economic woes and to the forum's earlier references of the ficticious Baleyville having escaped the economic crisis. No disrespect intended and if viewed as such, my deepest apolologies. Will try to refrain from further insensitve Baleyville references.

MilesWaits

<< <i>I will ask his mom. Trust me, she will know.

edit
Just spoke to her. She didn't know. Response.

Sh!t. Peter is going to kill him

MJ[/q

Wouldn't that suck when your brother/employee cranks his yapper up to a reporter about his lack of appropriate income!

I would imagine Peter would be peeved considering he works very hard at remaining above the wall street level of narcissistic entitlement.

Thanks for the contact, MJ. I still love the pic of you and the Schiff family!

Miles

Baley

<< <i>Maybe he should buy that house he wants in Baleyville. >>



I have no idea what this is supposed to mean in this context. Is the subject of this thread somehow my fault? If so, I apologize.



<< <i>It was a reference to his wanting to buy a house but being unable to due to his particular economic woes and to the forum's earlier references of the ficticious Baleyville having escaped the economic crisis. No disrespect intended and if viewed as such, my deepest apolologies. Will try to refrain from further insensitve Baleyville references. >>



Oh, no offense taken on this end! I mentioned to some happy, successful friends and neighbors --all of who have prospered in the past decade and experienced the "economic CRISIS!" as mostly a change in numbers on spreadsheets that are now far higher than where they started-- that some bitter and cynical old guys on a PM forum think that we are imaginary.. they laughed and clinked glasses in the shade of the big tree out front, smiled at the kids playing, and saluted the flag blowing in the breeze, "Let's keep it that way!"

PS: it sounds like the Schiffs have, what's sometimes referred to, as "rich dudes' problems"

Reading that list of "complaints", it strikes me as ironic that, while they wouldn't get caught dead in "Baleyville," which is inhabited by "millionaire next door" types living in nice but modest homes and driving well-maintained 10 year old cars and apparently, living much better than Poor Schiff the Younger with all his "stress." Did you, or better, they, read the commments under the article? Half of the respondants appear to be living in their own ____-villes and take the article the same way, "get real!"

Anyway, I now understand your reference, thanks, and as usual, it seems we're saying the same thing in different ways.

mhammerman

Interesting...search "Baleyville sign" and see what comes up. You might recognize a couple of the links. Life is good in Baleyville.

jmski52

My car is 15 years old, but it is well-maintained. It's "an oldie but a goodie". (oblique reference made to good times).

As I've stated before, I'd much prefer moving back to Baleyville.

derryb

<< <i>My car is 15 years old, but it is well-maintained. It's "an oldie but a goodie". (oblique reference made to good times).

As I've stated before, I'd much prefer moving back to Baleyville. >>


gotcha beat by 10 years with a 1987. I guess you can tell I like silver. 210K miles and still running strong: