Posted on 03/26/2009 7:01:58 AM PDT by merchvent
Another protester, Claire Jeffery, of Bloomfield, said she's on the verge of foreclosure. She works as a housekeeper; her husband, a truck driver, can't find work.
(Excerpt) Read more at boston.com ...
These idiots should be at Chris Dodd’s house.
Domestic terrorism, pure and simple. The shame of it.
Can we have tours to the code pinko protester’s homes to see how people who have time to protest live?
Homeowner should bring out a couple lawn sprinklers, turn ‘em on full blast, aimed right at the sidewalk.
I don’t believe their frustration is unfounded and hope this is a wake-up call for executives regarding appropriate compensation however this may not be the best way to demonstrate their frustration.
It is going to be difficult for executives to hid behind the corporate vale in the coming years...
The proletariat speaks.
So many morons. And I have so many baseball bats.
words escape me.....
How about they cap your earnings in your profession? How would you like that?
Because that is what this road is leading to. Another thing somebody is going to get hurt or killed. This is just going to get worse.
business executives are the new Jews. look at the parqllels between how the elites treat businessmen and teh way the elites of the 1920s treated Jews.
One bad decision, one plan for the future that goes wrong because of unforeseen circumstances and they are out on their ear.
The boss does not have job security. So don't expect him/her to work for minimum wage. If they did those 80, 90 or more hour work weeks might add up to some real money.
please direct them to the homes of Franklin Raines, Jamie Gorelick, Barney Fwank, Chris Dodd, George Soros....
business can pay them whatever they want.
Franklin Raines ran Freddie Mac into the ground, destroying the housing market and launching a recession. He walked away from a government chartered institution with around $70 million.
The AIG bonuses are a non issue. These people should be angry about the bailouts, not the bonuses.
Welcome to FReeRepublic.
I went to your link and did not see what you posted regarding Sen. Dodd. Would you clarify please?
For the record my wife and I are young professionals, enjoy nice salaries and do not subscribe to class warfare. As mentioned in my previous post, I understand their frustration but do not support this mob type of action. Furthermore I do not support any government caps on compensation as that should be left for the shareholders to decide.
That said, the method of compensating executives is far removed from reality especially considering many of these contracts are approved by board members with incestuous business relationships, i.e. they sit on each other’s boards.
For example, it is impossible to morally justify the AIG bonuses considering the company’s performance. Executive contracts must be performance based or else we are going to see more of this type of outrage.
While I believe your perception of a 80 to 90 hour work week is a stretch, as I know many executives, I don’t care if they worked 100 hours if they did a poor job. I wouldn’t hire someone to work for me for free if they did not make my business more productive.
Reality needs to come to both ends of the spectrum, union and executive. Individuals are killing companies at either end while the workers in the middle suffer.
Mike
I may not like it, you may not like it, and a lot of people may not like it, but this is their fee for services rendered.
How about we retroactively take 60% of your pay away just because you find yourself in a situation not of your own making?
These people signed on to do a type of work at the direction of the companies management.
The workers did not screw up, management did.
Also, most of these peoples pay is in the form of bonus work. Their base pay may, quite literally, be less than your annual salary!
So, when can we expect your payment to the Treasury?
Please read my previous post #16.
Just because a contract is a contract doesn’t make it a good.
And while I understand bonus pay structures I don’t believe these folks are just scratching by...
Please read my previous post #16.
Just because a contract is a contract doesn’t make it a good.
And while I understand bonus pay structures I don’t believe these folks are just scratching by...
Yup. Better yet let them charter a bus and go down to demonstrate in full view of Congress.
Hey Mike:
But the execs who got the bonuses had nothing to do with the London Office. They were asked to clean up the mess and they did per agreement.
Yes, let the shareholders of the companies decide the salaries of the execs. Not the govt. We are sliding into a place where we may never recover.
This agreement was made way before any bailout money was given to AIG. I know it is more complicated than that, but this is the crux of the issue.
Now they pass a Bill of Attainder? this is insane.
freegards,
Liz
Are you aware that the executives at AIG that received these "bonuses" were working for $1 a year and that these bonuses were retention NOT performance bonuses? Also, they were not working in the failed part of the business but in the highly productive part of the business.
No matter what your words say, your class envy is showing.
It works so much better than socialism.
And the senate floor.
Oh well, no one said I HAD to apply. (laughs).
when the address gets pasted into the browswer it can cut off the final block of text...make sure you enter the complete link HTML address...Thanks
I agree that there should be greater prosecution of corporate corruption treating as crime of inside embezzlement when a corporation makes grotesque compensation within top ranks of a poorly performing company...We deserve protection for stock share holders and lower level employees put at risk by these practices. However, when a company has gone mad on the issue of executive compensation, the free market does correct the greed. A competitive company run on better ethics will provide the same products as the corrupt organization at lower prices and better service...The corrupt will fall as customers leave and shareholders sell their stock....this is why bail out policy of “to big to fail” is so evil...it institutionalizes the corruption of a company declining from its own internal greed, and keeps the market from clearing out excessesive behavior.
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