ST Alpha - "So what do we think of this idea to recoup the AIG bonuses? I'm torn...sounds like a bad precedent -- (link)" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Login
Create Account

Search Dr. S. Talk
TT/ST Wiki
How Well Do You Know ...

RSS Feed

Hosting by DigitalOcean

Support ST on Ko-Fi

Down to Post

Backboards:

Posts: 153

So what do we think of this idea to recoup the AIG bonuses? I'm torn...sounds like a bad precedent -- (link)

Posted by The Calico Cat Coalition (aka seandunham) Mar 17 '09, 11:51

(No message)

But taxing it away is better than that one senator's suggestion that they all kill themselves (blogs.abcnews.com)

Responses:

[deleted] 15
- *swoon* -- nm - Oh Strongbad boy Mar 17, 12:06 1
  - [deleted]
- question regarding specifically the contract issue... - znufrii Mar 17, 12:06 12
  - [deleted] 6
    - well, last I checked the only reason both the auto industry and AIG aren't in bankruptcy if through the intervention of the US government. - znufrii Mar 17, 12:13 5
      - [deleted] 3
        
        okay, that makes sense. - znufrii Mar 17, 12:20 2
        
        [deleted] 1
        
        bah! you've just been too blinded from the glare of my Obama doll to notice. -- nm - znufrii Mar 17, 12:30
      - Different bargaining positions. Execs with more options and more short term money on the table might rather take their chances in the job market and - pmb Mar 17, 12:15
  - We can ask. They aren't obligated. The unions agreed to negotiate so that the company stays out of bankruptcy and saves jobs. They could refuse and - pmb Mar 17, 12:08 3
    - well, in the case of the auto industry it was a condition of receiving aid in the first place. Why wasn't it for AIG? -- nm - znufrii Mar 17, 12:15 2
      - Different set of circumstances. - pmb Mar 17, 12:21
      - As I understand it, Dodd specifically exempted these types of bonuses. -- nm - Ender Mar 17, 12:18
  - *crickets* -- nm - Taur na n�g Mar 17, 12:07
I hate the broad brushes being used here with respect to these bonuses. - pmb Mar 17, 12:00 9
- AIG has as of now refused to reveal who received the bonuses. but the rumors are that the $165 M (of the total $450ish M package) went to - decline Mar 17, 12:14
- It's also broad in respect to why they were paid. If they were retention bonuses promised at hire date you might was well pull back their salaries. -- nm - Max Mar 17, 12:03
- The executive in charge of the division that set off a global economic crisis - The Calico Cat Coalition Mar 17, 12:01 6
  - Agreed, those people should not get bonuses. That's not everyone. -- nm - pmb Mar 17, 12:03 4
    - Actually...it seems so... - The Calico Cat Coalition Mar 17, 12:07 3
      - [deleted] 1
        
        *votes for him* - Taur na n�g Mar 17, 12:17
      - *Grabs pitchfork* - pmb Mar 17, 12:10
  - executives...plural -- nm - The Calico Cat Coalition Mar 17, 12:02
I would rather see them say, "Okay. Fine. Keep your bonus. You're fired." -- nm - Taur na n�g Mar 17, 11:59
That is a marked departure from your previous stance of "drink their blood from a jewel-encrusted goblet". -- nm - TFox Mar 17, 11:59 2
- [deleted] 1
  - All finance executives should have their salad tossed by a rabid wolverine. -- nm - TFox Mar 17, 12:08
The politicians are obligated to make noise because of the populist anger. Nothing will come of it. -- nm - con_Blarney Mar 17, 11:58
Though I will note that it's things like the AIG bonuses that makes it easy to get the public to support increasing taxes on those making over $250K -- nm - Dano Mar 17, 11:57 1
- [deleted]
Horrible idea. I vote that we tax 90% of Chris Dodd's earnings. -- nm - Ender Mar 17, 11:57
Has it been pointed out here that these are not performance bonuses, but retainment bonuses? Does that make a difference? - Dr.Vermin Mar 17, 11:56 5
- No, they're being rewarded just for being the "best and brightest" - Taur na n�g Mar 17, 12:04
- It's a horrible idea without even considering Dodd's flip-flopping -- nm - Oh Strongbad boy Mar 17, 12:00 2
  - It also accounts for $27 million of the proposed $30 billion. .09% -- nm - Oh Strongbad boy Mar 17, 12:01 1
    - Sometimes it's not the amount, it's the message...yeah, you screwed the country good...but go ahead and keep your 4 million - The Calico Cat Coalition Mar 17, 12:05
- And yet many still left the company...cash in hand -- nm - The Calico Cat Coalition Mar 17, 11:59
[deleted]

Post a message top

Replies are disabled on threads older than 7 days.