Tuesday, January 29

Getting paid to lose money

If you're like me, you go to work each day to help your employer to make a profit. In exchange for helping your employer to make money, you get a share of that profit; its your paycheck.

Now, image that you go to work and lose money for your employer and go home. The next day, you go back to work, lose more money and go home. How many times would you need to do this before your employer told you to go home and not to come back?

What if instead of getting canned for losing money, you got a bonus? I'm not sure how it works, but there is a way to do this. Just ask Vikram Pandit, CEO of Citigroup.

Citigroup awarded Chief Executive Vikram Pandit $26.7 million worth of shares and 3 million stock options six weeks after he took over the largest U.S. bank, and a week after the company reported a record $9.83 billion quarterly loss. USA Today

Jeeze, I need to stop trying so hard!