[bruinbirdman]

"the billions in "performance bonuses""

Usually paid in company stock not immediately vested.

yitbos

[ken5050]

True...and what's even worse for those poor souls (g) is that most of them, even when they could..ddid NOT sell there NS stock..for basicaslly three reasons....

. 1. It was viewed as somehow disloyal to do so

2. It was felt to be a better investment than anything else available.

3. Most of them, subject to Fed, NYS and NYC taxes..were in an effective near 50% top-tax bracket..so why sell and give half your profits tot he government..Instead, they borrowed against their stock to finance the homes, second homes, life style, etc....now the collateral, and the means to pay for it, are all gone..