GolfHos
 
Home Search Memberlist Login Register RSS Archive
*
April 24, 2024, 09:15:01 PM
Username: Password: Duration:

Home > General > The Cantina > Welfare kings.

Welfare kings.

 
Pages: [1]   Go Down
« Previous topic | Next topic »
  Print  
Author Topic: Welfare kings.  (Read 1606 times)
0 Members and 1 Lurker/Spider are viewing this topic.
MFAWG
Rich Corinthian Leather Jacket

Karma: 31
Posts: 5720
Offline Offline


View ProfileIgnore this user
Welfare kings.
« on: March 14, 2009, 09:01:27 PM »
http://www.nytimes.com/20...ss/15AIG.html?_r=1&hp

Quote
WASHINGTON — The American International Group, which has received more than $170 billion in taxpayer bailout money from the Treasury and Federal Reserve, plans to pay about $165 million in bonuses by Sunday to executives in the same business unit that brought the company to the brink of collapse last year.
Logged Return to Top
The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life. -- Teddy Roosevelt
gleek
Flak Jacket

Karma: 107
Posts: 9510
Offline Offline

E chu ta!

View ProfileIgnore this user
Re: Welfare kings.
« Reply #1 on: March 14, 2009, 09:31:34 PM »
Quote
But the bonuses will go forward because lawyers said the firm was contractually obligated to pay them.

Shouldn't a "bonus" be tied to some measure of performance AND be awarded optionally? If it's "contractually obligated", then it's NOT a *goshdarn* bonus. They're trying to make it sound like money they were expected to receive, and if that's the case, they could do themselves a favor by not calling it a "bonus". They should be calling it "deferred compensation", if anything.
Logged Return to Top
Woman, open the door, don't let it sting. I wanna breathe that fire again.
Pages: [1]   Return to Top
  Print  
« Previous topic | Next topic »
 
Jump to:  

Related Posts
Now? v2.0
Drinking: Bacardi Gold/ Diet CokeEating: Cheese NipsWatching: Suicide KingsSurfi
by spacey

KINGS ?
recording it right now. will report later.
by Aske

delta: kings of the near hit
Word.
by Salamander

KINGS ?
better be good, Swedjin C0cksukka ! ;D
by Aske

  


 
  Powered by SMF | SMF © 2001-2009, Lewis Media

Dilber MC Theme by HarzeM