And you'd say that getting into these derivatives was not bad management? My understanding is that a bonus is paid on performance -- how much money you end up making the company, not how much you sell. If the end result of your actions is that you bring down the company and perhaps the world economy to boot, should that be rewarded?
For better or for worse, some folks are walking away with millions in "retention pay" (and more than a few took the "retention pay" and then left). The end result will be that -- hopefully -- IF there is more of my tax money (and yours) pumped into these too-big-to-fail companies, then there are strings attached. Personally, I hope we tax the hell out of those bonuses. If you get a bonus with corporate money, then that is fine. If you are getting a bonus with MY money, then I, as a taxpayer and by extension one of the largest owners of the company, then I want it back. More than outrage that these losers are walking away with millions is the outrage that these losers are walking away with millions from the public coffers, money intended to prop up the company (and not the individual bank accounts of its employees). Next time, any government money comes with a whole lot of strings and up front agreements. On Tue, Mar 17, 2009 at 4:29 PM, Tom Hargrave <tharg...@hiwaay.net> wrote: > I can see one business going under & being accused of bad management - take > Enron for example. But they were one company in their industry and it was > very clear that they "cooked the books". Everyone else in the same industry > waded through the Enron crises without a problem. > > AIG and the others are an entirely different situation. > -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://okiebenz.com/pipermail/mercedes_okiebenz.com/attachments/20090317/9a7c8511/attachment.html> _______________________________________ 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
