By WAYNE GREENE Senior Writer on Feb 12, 2009, at 11:50 AM Updated on 2/12 at 11:50 AM
WAYNE'S WORLD
Coworkers have been riding me all day that my American history quiz on Monday’s front page was too hard.
At first, ...
Healing historic injustices – whether they are five years old or 5,000 – starts with acknowledging them, a retired diplomat ...
The number of local homeowners who see their property tax assessments go up 5 percent automatically every year is decreasing, ...
The Huffington Post had an interesting item yesterday including audio of a taped conference call last week in which an executive told financial advisors for Morgan Stanley and Citigroup's Smith Barney that they would be getting "very generous" "retention awards."
He tells them very specifically that the money shouldn't be called a bonus, an apparent reference to the current political controversy over financial firms that got gynormous federal bailouts and paid huge bonuses to their executives.
"There will be a retention award. Please do not call it a bonus," said James Gorman, co-president of Morgan Stanley. "It is not a bonus. It is an award. And it recognizes the importance of keeping our team in place as we go through this integration."
Here's a link.
That got me thinking. No doubt, the controversy from this will also make the phrase "retention award" politically dicey, so let's go ahead and start making a new list of new euphemism for "bonus" so Wall Street can keep ahead of the game:
-- A little something from the taxpayers
-- Uncle Sam's Stipend
-- Wall Street walking-around money
-- Meltdown Jackpot
-- Post-recession apocalypse payment
-- Chump's change
-- The only dividend anyone's going to get this year
-- Your cut
-- The business-as-usual Christmas tip
-- Unearned lucre
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