Posted on 03/15/2009 10:57:51 AM PDT by dvan
I hear congress pays Pelosi FREE PRIVATE JET fare. For her and her family and friends! 24/7-365 all expense paid!!!!
You’re a slave and you will continue to pay taxes and pay AIG.
BINGO!@!!!!
If we believed the drive-by media alone, one would think that the whole lot should be thrown in the klink, based on the company as a whole, but that may not be the whole story. What did individual employees do for business performance that may have merited the bonuses (individual sales of insurance policies, annuities, etc).
I just love that phrase and would love to know when it has ever happened, with the exception of Ronald Reagan when he was governor of California.
BS, the FBI can put all of the AIG scum in jail for fraud if they get off their ass's and go to work.
>>>>> Why aren’t Frank, Dodd etc getting hammered on THEIR contribution to this disaster <<<<<<
Barney Frank has recently stated that he always meant “we” (the government) should be building more apartments and affordable rental housing!
He “never” intended that we should actually follow his previous threats and rude incriminations and give free money and mortgages to people who could not in any way, shape, or form afford them.
Never! The stupid incompetents who simply are not as smart as Barney Frank (”I, Barney”) should never have let these “free markets” do what he told them to do or otherwise suffer from interminable FDIC, SEC, and FRB banking audits! Never!
No! Affordable rental housing! That’s what Barney ALWAYS (!!) meant! How could anyone think otherwise!?
One dollar paid out in bonuses for every $1030 of ‘bail out’ money received.
Have you been asleep, the deals were made by Paulson and the jorge administration.
Bingo.
You've gotten what most do not.
These people make their living off sales bonuses. Like commissions, they receive their pay when they make a sale.
That's how these companies run. Sales bonuses incentivize salespeople. DUH.
“This is R’s and D’s faults.”
I completely agree, but for the last 54 days, this has been Obama’s fish to clean.
But, let's say that taxpayer's money was not involved at all. Why would the executives of a company that LOST $61.7 billion in a single quarter be giving out $165 million of shareholder's money to themselves as "bonuses"?
Since most shareholders in most large public companies are Moms & Pops who have a small number of shares in mutual funds and no effective voice, executives in major companies use the assets of these companies as their own personal slush funds and gambling casino chips.
There is absolutely no fiduciary responsibility to shareholders practiced by large corporate executives nowadays and that does more harm to the survival of American capitalism than the harm that every Marxist and socialist on the Planet can do.
Before somebody jumps in and accuses me of being "anti-capitalist", I will point out that the "capitalists" are the SHAREHOLDERS. Being a corporate executive does not make you a "capitalist". Being a corporate executive merely makes you a white collar proletarian who works for the capitalist shareholders.
The insurance companies owned by AIG are doing well anyway and should be sold to get the tax payers money back.
>>>>>> I hear congress pays Pelosi FREE PRIVATE JET fare. For her and her family and friends! 24/7-365 all expense paid!!!! <<<<<<
When she became Speaker she demanded (!!!) a Gulfstream V (aka “G5”) for her exclusive use, especially on weekends, but that demand was nixed.
IIRC she ultimately got some kind of free weekend use of a military transport jet, maybe not a G5 but something very close to it.
Can’t recall exactly, but it was widely reported in great detail last Fall.
In the mid nineties I was a highly compensated corporate employee. My earnings were mid-high six figures but my base salary was $47k.
My efforts brought exponentially more revenue to the company than any other employee. After three years of this performance based compensation the bean counters balked and witheld nearly $350k. Their move was illegal. My employment contract clearly defined all aspects of compensation as well as performance levels. I had earned the money based on the plan that they created. They paid.
If nobody in the government explored this and mandated changes prior to giving AIG the bail-out cash then shame on them.
I presume some of us have mortgages and, subtracted from our incomes, balance sheet of many of us would be shown as negative.
Imagine the rule that, despite a good paycheck you bring home every 2 weeks or so, you must be considered bankrupt and no longer allowed to make purchases. No more supermarket trips and choosing what you eat - government now says it will be nachos...
All 400 of these “executives” can be convicted of fraud? That comment was as dumb as I’ve come to expect from you.
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