Bloomberg: Obama authorized AIG bonuses

Quote from power:

Yesterday, AIG chief executive Edward Liddy threatened that if the bonuses are taken back, the employees will resign and it will be disastrous for AIG and USA economy.

and everybody kept quiet like dumb rats. They should have slapped Edward Liddy right there.
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Liddy's right...

If you have the option of working for a company who pays bonuses, and one that doesn't, which would you choose?

With no bonuses, AIG would be forced to hire the lowest of the low. Some might say they already have the lowest of the low, but I'm sure they could always do worse!
 
It's purely coincidental that Dodd (an elected guy) is pointing to someone (nameless) over at Treasury (an appointed/non-elected guy) as the source of the change request to his amendment.

That way, you can feel good about voting for Dodd (an elected guy) since it wasn't his fault, and the guy (nameless) at Treasury gets to keep his job since he is anonymous.

Win-win!! :)
 
Quote from Kassz007:


If you have the option of working for a company who pays bonuses, and one that doesn't, which would you choose?
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The one that pays a bonus of course.

But the point here is that bonuses should be performance related. Just like a tip in a restaurant - you wouldn't tip somebody $20 if they didn't do their job well, but might tip them $20+ if they excelled.

So the whole arguement at present is about negative performance but positive bonuses.
 
This story is absurd! First of all Liddy is working for AIG for what reason? The challenge or there are no other jobs available!
 
Quote from Kassz007:


With no bonuses, AIG would be forced to hire the lowest of the low. Some might say they already have the lowest of the low, but I'm sure they could always do worse!
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If the media ever decides to do their job properly and without bias, there should be no shortage of ex-politicians to hire from in coming years. Many politicians certainly fit the above description. I'm sure Dodd would fit right in with AIG. They seem to like him. At least they did last year.

From: http://abcnews.go.com/Politics/story?id=7110145&page=1

Here's the list of top AIG recipients for the 2008 campaign:

1. Sen. Chris Dodd, D-Conn., $103,100
2. Sen. Barack Obama, D-Ill., $101,332
3. Sen. John McCain, R-Ariz., $59,499
4. Sen. Hillary Clinton, D-N.Y., $35,965
5. Sen. Max Baucus, D-Mont., $24,750
6. Former Gov. Mitt Romney, (R) Pres $20,850
7. Sen. Joe Biden, D-Del., $19,975
8. Rep. John Larson, D-Conn, $19,750
9. Sen. John Sununu, R-N.H., $18,500
10. Former Mayor Rudolph Giuliani (R) Pres $13,200
11. Rep. Paul Kanjorski, D-Pa., $12,000
12. Sen. Dick Durbin, D-Ill., $11,000
 
Quote from AK100:

The one that pays a bonus of course.

But the point here is that bonuses should be performance related. Just like a tip in a restaurant - you wouldn't tip somebody $20 if they didn't do their job well, but might tip them $20+ if they excelled.

So the whole arguement at present is about negative performance but positive bonuses.
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It wasn't bonuses, it was retention pay. And some didn't bother to be "retained", but got the money anyway. :)

Head I win, tails you lose. That's the way it works.
 
Quote from Kassz007:

With no bonuses, AIG would be forced to hire the lowest of the low. Some might say they already have the lowest of the low, but I'm sure they could always do worse!
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A person can live a "rich life" with $10,000 - $20,000 per month.

How much money the AIG executives need?. Why the need for bonuses. What high-profile work do the executives do so that they need $100,000 per month?.

A farmer's work is more high-profile than an executive's work.
 
Quote from power:

A person can live a "rich life" with $10,000 - $20,000 per month.

How much money the AIG executives need?. Why the need for bonuses. What high-profile work do the executives do so that they need $100,000 per month?.

A farmer's work is more high-profile than an executive's work.
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Then keep on farming.
 
Quote from bugscoe:

Then keep on farming.
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If you do not respect farmers they will stop sending food to cities.

City people can eat their computers, electrical appliances, paper money.
 
Quote from power:

If you do not respect farmers they will stop sending food to cities.

City people can eat their computers, electrical appliances, paper money.
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Perhaps farmers make too much money. Why do they need as much as they do?
 
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