Failed AIG to give out $165 Millions in corporate bonuses !!! - PeachParts Mercedes-Benz Forum

450slcguy · #1 03-15-2009, 10:32 AM

Quote:

Originally Posted by Mike D

"when you get a 170 million "bail-out" and you pay 165 million in bonuses then I think there MIGHT be a problem. So, out of the money, 5 million goes to solve the "crisis"?

Correction: 175 billion bailout vs. 165 million bonus. Chicken feed in comparison.

Mike D · #2 03-15-2009, 06:48 PM

Quote:

Originally Posted by 450slcguy

Correction: 175 billion bailout vs. 165 million bonus. Chicken feed in comparison.

Huh, note to self, never post BEFORE drinking that second cup of coffee!

kknudson · #3 03-15-2009, 07:00 PM

Let's add insult to injury.

The bonus's are not to be paid to just any executives, but the executives that ran the group that almost brought down AIG and the economy.

Although someone said they need these people to unwind they mess, kind of like hiring the bombmaker to disarm it ??????

aklim · #4 03-15-2009, 07:30 PM

Quote:

Originally Posted by kknudson

The bonus's are not to be paid to just any executives, but the executives that ran the group that almost brought down AIG and the economy.

Although someone said they need these people to unwind they mess, kind of like hiring the bombmaker to disarm it ??????

This group has been successful till the last year. OTOH, Congress has not had such a stellar record, have they?

Who better?

tankdriver · #5 03-15-2009, 07:48 PM

Quote:

Originally Posted by aklim

This group has been successful till the last year. OTOH, Congress has not had such a stellar record, have they?

Strange definition of success.

Quote:

Who better?

How 'bout no one gets a bonus until there is profit from which to give bonuses out of?

aklim · #6 03-15-2009, 08:11 PM

Quote:

Originally Posted by tankdriver

Strange definition of success.

How 'bout no one gets a bonus until there is profit from which to give bonuses out of?

Until last year, they made profit, right? How many years have we had a national debt? Note, before you tell me that the Clinton years had a surplus, lets also remember that if I did the same sort of "Arthur Anderson" accounting as the govt and shuffled money around, ran Ponzi schemes, I'd be in jail longer than Madoff. Congress MAY have balanced the budget but I will bet that they don't use standard accounting practices that you or I have to use They use cash accounting for one, I have to use accrual accounting. They have pools of cash to swish around to balance a budget, you and I will not. The list can go on.

Fair enough if you are talking of a new exec that signs on tomorrow. However, contracts that were signed 2 years ago still have to be honored. You cannot nullify a contract because your situation changes. If I signed a contract with you to buy your car in 6 months at $X and when the time comes, I tell you that I have this problem and that so how about I pay you less. Think you will still go for it?

tankdriver · #7 03-15-2009, 08:18 PM

Quote:

Originally Posted by aklim

Until last year, they made profit, right? How many years have we had a national debt? Note, before you tell me that the Clinton years had a surplus, lets also remember that if I did the same sort of "Arthur Anderson" accounting as the govt and shuffled money around, ran Ponzi schemes, I'd be in jail longer than Madoff. Congress MAY have balanced the budget but I will bet that they don't use standard accounting practices that you or I have to use They use cash accounting for one, I have to use accrual accounting. They have pools of cash to swish around to balance a budget, you and I will not. The list can go on.

They made profit? Maybe paper profit. They did it by murdering the company. If I worked for you and sold your client list to your competitors, did I make you profit?

Quote:

Fair enough if you are talking of a new exec that signs on tomorrow. However, contracts that were signed 2 years ago still have to be honored. You cannot nullify a contract because your situation changes. If I signed a contract with you to buy your car in 6 months at $X and when the time comes, I tell you that I have this problem and that so how about I pay you less. Think you will still go for it?

If I worked for you for a year and the company lost money, are you giving me a raise?

Jim B. · #8 03-16-2009, 11:01 AM

Quote:

Originally Posted by aklim

This group has been successful till the last year. OTOH, Congress has not had such a stellar record, have they?

Who better?

Why start talking about what Congressmen do ? This is about private FOR PROFIT COMPANIES seeking tax payers money, and they then put it into their own private pockets, like stealing it, as their for reward for driving the company into the ground.

Congress is another matter entirely. You are pointing and just saying "Hey look over there".

FOCUS, grasshopper!!!

aklim · #9 03-16-2009, 11:48 AM

Quote:

Originally Posted by Jim B.

This is about private FOR PROFIT COMPANIES seeking tax payers money, and they then put it into their own private pockets, like stealing it, as their for reward for driving the company into the ground

Fair enough. Are you also seeking to nullify contracts signed then? Like I said, if you say that business is changing from this date on, ok. As to nullifying past contracts, like I said, the hospital my wife works for would be interested in seeing how to nullify the contracts with the unions seeing as economic times have changed.

Botnst · #10 03-16-2009, 12:52 PM

Quote:

Originally Posted by Jim B.

Why start talking about what Congressmen do ? This is about private FOR PROFIT COMPANIES seeking tax payers money, and they then put it into their own private pockets, like stealing it, as their for reward for driving the company into the ground.

Congress is another matter entirely. You are pointing and just saying "Hey look over there".

FOCUS, grasshopper!!!

Who is it that sends my tax dollars and indebts my children so those mother******* at AIG can have their bonuses?

This grasshopper keeps it's focus tightly on the knuckleheads that enable the mother*******.