Billionaires' woes

As UBS continues to tumble from its high last year in the mid-60s, the top executives have revealed that they received only their base pay with no performance based bonuses. (Isn't this how it is supposed to work?) They have been on a PR campaign to show that they are conscious of the hard times and doing their part to tighten spending. This has not stopped them from scoring the largest quarterly loss of any bank out there at $11.3 billion. They expect to top that this quarter at somewhere around $15 billion.

Still, Marcel Ospel cut his pay by 90%! That should mean something? Maybe he's not a cannibal?

Not likely. He still took home over $2.6 million to add to his personal wealth of $2 billion.

That's like you and me (average home owners) earning less than $500 for a whole year of work, right? Isn't that how the math works?

Unrelated? Al Franken's Supply Side Jesus