I'm sorry if I am having trouble crying for a millionaire who has had a very bad year. I am sure he did work his a-- off in a very stressful environment. Over the years, he has gotten his share. Even DeSantis states in his letter: "Some might argue that members of my profession have been overpaid, and I wouldnât disagree."
Were I in his shoes, I wouldn't be happy either. On the other hand, I also wouldn't be the least bit surprised that a company showing a 99 billion dollar loss for FY 2008 might have trouble coughing up a million dollar bonus.
BTW, I am not one of the "morons" who does not believe in the rule of law. His bonus was paid out, and thus far, no one has done anything besides ask that it be returned.
Oh, yes, I'm also neither lazy nor uneducated. Yet unfortunately I would still have to cough up over 10 years worth of earnings to foot the bill just for DeSantis, not to mention all the other bonuses that were paid out. YEAR AFTER YEAR.
Can anyone argue that these public firms haven't been driven to extinction by the greed of management, leveraging the future of their companies and the financial system in general, in order to justify lining their own pockets? That is what really sickens me about this whole thing.
I have reread DeSantis' letter, and he makes many valid and reasonable points. He feels betrayed. He has every right to feel that way. Then again, so do the rest of us lazy, uneducated, ignorant U.S. citizens. DeSantis wasn't the only one sold a bill of goods. We've all had this "too big to fail" crap shoved down our throats and the only thing we can do is swallow it and hope we don't have to eat more.
But now I'm ranting. I can't blame DeSantis for making as much $$ as someone was willing to pay him. Most of us would likely do the same. Don't hate the player right?