This does not change my argument or the point I was trying to make. I can almost guarantee that the bonus plan was a CONTRACTUAL AGREEMENT between the Company and those receiving bonuses. And legally, they may have had no choice but to pay the bonuses providing the ones receiving the bonuses lived up to their end of the deal - they met their goals.
Thanks, Tom Hargrave www.kegkits.com 256-656-1924 -----Original Message----- From: mercedes-boun...@okiebenz.com [mailto:mercedes-boun...@okiebenz.com] On Behalf Of tyler Sent: Tuesday, March 17, 2009 3:33 PM To: Mercedes Discussion List Subject: Re: [MBZ] OT banned lite, Better not get hurt in war If AIG chooses to accept bailouts from the federal government, doesn't that give the government the right to set any conditions they want? The bonuses may be fair and earned, but an organization that is at risk of failing due to lack of funds can no longer afford non-essential costs like bonuses if it wants to keep providing paychecks or employment at all. Tyler Tom Hargrave wrote: > This issue 'came to head' with the AIG bonus payouts. I've worked for salary > as an upper level Manager and can tell you that bonuses are setup by > contractually binding goals and paid based on performance to those goals. In > other words, the bonuses were due the recipient just like your weekly > paycheck is due to you. > > 1. Do I like the fact that they received bonuses? No! > > 2. Are the bonuses fair? Yes - the bonuses were instituted (as they always > are) to increase performance & make sure goals are met. I'm sure that some > bonuses were even tied to cost cutting measures. > > 3. Did they earn their bonuses? Yes - see answer 2 above. > > 4. Should they keep their bonuses? Yes - see answer 2 above. > > > So, when does the Government have the right to decide that profit, bonuses > or pay in the private sector is excessive? How would you feel of the > government decided that YOU were making too much money and gave YOU a 20% > PAY CUT or TAX INCREASE? > > That's what they are trying to do to AIG! > > Thanks, > Tom Hargrave > www.kegkits.com > 256-656-1924 _______________________________________ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com No virus found in this incoming message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.11.16/2005 - Release Date: 3/16/2009 7:01 PM No virus found in this outgoing message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.11.16/2005 - Release Date: 3/16/2009 7:01 PM _______________________________________ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
