Has anybody seen an articulate, persuasive explanation as to why AIG had to pay the bonuses? Something more than "the contract says so" or "to keep good people." Thanks
Is there a "other side" to this AIG bonus fiasco?
- Thread starter schreibdave
- Start date
I saw an article that favored paying the bonuses so the employees wouldn't leave, because they would then go trade against the crappy AIG positions that they helped build.
That would be the sugar sprinkles on the frosting on the cake. Those asswipes making it on the backside too...
That would be the sugar sprinkles on the frosting on the cake. Those asswipes making it on the backside too...
I think a few well placed indictments, some firings with prejudice, and yes, one or two very public hangings are in order.
That these compulsive gamblers are being rewarded for their crimes is more than an outrage. It's insane.
You mean to tell me these people had no role in the mismanagement?
I say, hang 'em , it will teach them a lesson.
That these compulsive gamblers are being rewarded for their crimes is more than an outrage. It's insane.
You mean to tell me these people had no role in the mismanagement?
I say, hang 'em , it will teach them a lesson.
We should also direct that passion towards a few congress members.
And you left out 'tar and feather' treatment. I hear this was once a good option to have on the table for public figures a while back
Those bonuses were based on agreements signed at the end of 2007 for 2008 payable in 2009.
You don't have an employee working under an agreement and then tell them too bad but we can't pay what we agreed too because its not politically correct.
Its all a smoke screen anyway. Now we now why AIG is getting all of this money. Rather then pay off the foreign banks and wall street directly the Government is funnelling it through AIG to pay out in insurance claims.
If you want to break agreements, tell GS and Dueste Bank and other parties that they can't have their insurance payoffs and save hundreds of billions.
You don't have an employee working under an agreement and then tell them too bad but we can't pay what we agreed too because its not politically correct.
Its all a smoke screen anyway. Now we now why AIG is getting all of this money. Rather then pay off the foreign banks and wall street directly the Government is funnelling it through AIG to pay out in insurance claims.
If you want to break agreements, tell GS and Dueste Bank and other parties that they can't have their insurance payoffs and save hundreds of billions.
LOL ! Don´t you think this info has already "leaked" to "interested parties" from this "super trader desk" ?
Anybody seen a place online where you can find the actual contract language? Or know what % of these people's total salary comes from bonuses?