Wednesday, January 20, 2010

I Learn Something New Every Single Day!

Today I learned that.....

1. ... When John Kasich was hired as an investment banker with Lehman Brothers in 2001, the New York Times noted that Kasich...."...will be a managing director of the investment banking group. His responsibilities will span a range of industries on which Lehman focuses its investment banking efforts, including health care, power and utilities, financial institutions, consumer products, technology and manufacturing, the company said."

2. ... Republican candidate for governor, John Kasich, a former investment banker with the now bankrupt Lehman Brothers, could have been paid about $1,000,000 to $4,000,000 per year with the firm.
Dispatch:

...Former Lehman trader Lawrence G. McDonald, who wrote a book about Lehman's fall, A Colossal Failure of Common Sense, said by that definition, Kasich's annual compensation could have been $1 million to $3 million, perhaps even $4 million....

3. ... On October 8, 2009, Buzzflash awarded the "GOP Hypocrite of the Week" to John Kasich because, as Buzzflash noted....

John Kasich Wins GOP Hypocrite of the Week for Blaming Economic Meltdown on Britney Spears Instead of his Former Boss, Lehman

...Kasich gave a paid speech at the Bellagio in Las Vegas before the Nevada Development Authority Wednesday, in which he identified virtually everyone but himself as the root of the country's financial crisis. He went back to the old standards enemies of WorldCom and Enron, even going so far as to blame the downturn on Britney Spears and Paris Hilton....

...Clearly, it's our morals that are keeping us from succeeding as a country. Oh, and golden parachutes are also bad, according to Kasich's recent Vegas speech. So bad that he doesn't want to disclose how much money he got when he left Lehman....

Thank you, Buzzflash, for those interesting tidbits.

4. ... The Examiner had this little gem in an article about Kasich:

...Although a millionaire, Kasich has a strategy consulting job with Columbus-based Schottenstein Stores Corp...

Kasich is a millionaire. That might put a few dents in his "regular guy" image.

5. ... According to a profile published by Forbes.com (skip the welcome page!), Kasich has been pulling in some nice salaries, bonuses, and other perks because he serves as a director on various boards for large corporations:

Director Compensation (Worthington Industries) for 2009
Total Compensation $176,334.00

Director Compensation (Invacare Corporation) for 2008
Total Compensation $65,828.00

That is not bad money for some part time jobs.

There you have it. Is this the guy you want to handle your future?