Bonuses should be earned like anything else.
Bonuses should be payed BY THOSE who benefit from the superior work
produced as you suggested, Sue.
HOWEVER! The bailout is being payed by ALL OF US, not just by the
stockholders so ZEEERO dollars should go to paying ANY bonuses.
If any of these guys want a bonus, give 'em my number and tell 'em to
come see me.
I got their bonuses...
Patrick Michael
On Dec 27, 2008, at 10:55 AM, Susan Heim wrote:
Actors, sports figures, etc. are a fan based economy. It is
entertainment and we choose to pay for the ticket or not. I didn't
choose to give money to these greedy crooks that sqandered the
money away knowing full well they would get bailed out if push came
to shove.
If bonuses apply in any case, whether Wall street execs or
not, just like the rest of us, they should be based on performance.
I have always felt that bonuses for big execs were too large,
but if stockholders of the company approve them, then so be it.
It's their money and their decision. When a CEO of a large company
gets a 100 million dollar bonus but the product his company sells
is being made in some poor nation by children making a few cents a
day, that's called capitalism. Is it morally right? That's for each
of us to decide.
Basically, it's all about greed and look where that's got us.
I've heard people say that these Wall Street guys have now learned
their lesson. Baloney!!! The public ruckus will die down and they
will be back up to their old tricks, finding some other venue to
suck from. It's only going to stop when the masses have truly had
enough.
Sue
> Date: Sat, 27 Dec 2008 13:23:07 -0500
> From: bbr...@pipeline.com
> Subject: Re: [MOPO] WAY OT: What drove Bernie Madoff
> To: mop...@sol03.american.edu
>
> At 01:05 PM 12/27/2008, Bruce Hershenson wrote:
> >Incidentally, all government bailouts should come with the proviso
> >that no bonuses be paid to executives until and unless the loans
are
> >repaid in full. If the current execs don't like that, they should
> >leave, and be replaced (and it is hard to believe their
replacements
> >could do a worse job than they did).
>
> why does everyone complain about the big bucks going to Wall Street
> execs - But I don't hear the same cries of
> protestation when big bucks go to actors like, oh say, Ben Affleck -
> whose work is just as bad!
> or to Sports figures who's play turns out to be sub-standard?
>
> Visit the MoPo Mailing List Web Site at www.filmfan.com
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