http://www.schiffner.com/index.php/2009/03/20/us-gov-vs-bailout-recipients-everyone-loses/ "Always thinking one step ahead... Like a carpenter, trying to build stairs. " Thu, 29 Jul 2010 07:37:36 +0000 hourly 1 http://wordpress.org/?v=3.0 http://www.schiffner.com/index.php/2009/03/20/us-gov-vs-bailout-recipients-everyone-loses/comment-page-1/#comment-773 Dave Fri, 20 Mar 2009 18:56:38 +0000 http://www.schiffner.com/?p=720#comment-773 I agree with you that bonuses are required in order for a company to keep the most intelligent, best employees. This is infact part of capitalism in general. My grandfather always had a saying that he would pay his employees what they are worth. If someone is getting $5million (bonus or salary) a year they must be worth it, or have succeded in having the shareholders, board of directors believe they are. AIG has used a "loophole" made possible from the recent stimulus package. While I do agree the economy needs a boost I also was quite concerned about the speed at which the stimulus package was put through. Perhaps more analysis of the wording would have done well here. While the initial 165 million may sound alarming, people do need to realize that AIG was bailed out to the tune of 170 billion, making this less than .1% Lastly I disagre with your comment regarding bonuses as "infers the uncertainty of receipt". Simply because many ceo's and executives especially in the banking sector have not recieved or have recieved significantly smaller bonuses. I agree with you that bonuses are required in order for a company to keep the most intelligent, best employees. This is infact part of capitalism in general. My grandfather always had a saying that he would pay his employees what they are worth. If someone is getting $5million (bonus or salary) a year they must be worth it, or have succeded in having the shareholders, board of directors believe they are.
AIG has used a “loophole” made possible from the recent stimulus package. While I do agree the economy needs a boost I also was quite concerned about the speed at which the stimulus package was put through. Perhaps more analysis of the wording would have done well here.
While the initial 165 million may sound alarming, people do need to realize that AIG was bailed out to the tune of 170 billion, making this less than .1%
Lastly I disagre with your comment regarding bonuses as “infers the uncertainty of receipt”. Simply because many ceo’s and executives especially in the banking sector have not recieved or have recieved significantly smaller bonuses.

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