I've searched around and I couldn't find a topic which talked about this, and I'm wondering what's your opinion.
I was completely pissed when I found out that company AIG was handing out over 160 million in bonuses to their CEOs while at the same time they were receiving bailout money of over 170 billion dollars (with a 'B') as of March 09. Now this definitely leaves a bad taste of shit in my mouth that they're using my tax dollars to pay those SOBs who ran AIG into the ground in the first place. Those of your who are unfamiliar with what's going on, please see:
http://www.cnn.com/2009/POLITICS/03/17/aig.bonuses.congress/index.html?iref=newssearch
http://www.cnn.com/2009/POLITICS/03/16/AIG.bonuses/index.html?iref=newssearch
And the Evolving story thus far:
http://www.cnn.com/2009/POLITICS/03/18/aig.bonuses/index.html?iref=newssearch
Now I know that AIG, and is also true of many other financial companies, has to find a way to retain their valued CEOs, usually with stock options and the like, but since the company's stock has went to crap, they can only pay them in money. What the hell am I talking about?
Please read:
http://www.nytimes.com/2009/03/17/business/17sorkin.html?_r=1&hp
Awww C'mon... if I did a bad job of running a company (or doing any job for that matter), I would be fired so fast, it would make my mommy's head spin. If all the CEO's reason for staying in AIG are those big fat bonuses, it means that they don't really care about the company or anything that their directly responsible for. What companies desperately need are workers who have a vested interest in a company and actually care about the welfare of its employees, and have some sense of responsibility when running a company to the ground that effects so many people worldwide. Anyways, I'm just ranting now -- tell what do you think?
I was completely pissed when I found out that company AIG was handing out over 160 million in bonuses to their CEOs while at the same time they were receiving bailout money of over 170 billion dollars (with a 'B') as of March 09. Now this definitely leaves a bad taste of shit in my mouth that they're using my tax dollars to pay those SOBs who ran AIG into the ground in the first place. Those of your who are unfamiliar with what's going on, please see:
http://www.cnn.com/2009/POLITICS/03/17/aig.bonuses.congress/index.html?iref=newssearch
http://www.cnn.com/2009/POLITICS/03/16/AIG.bonuses/index.html?iref=newssearch
And the Evolving story thus far:
http://www.cnn.com/2009/POLITICS/03/18/aig.bonuses/index.html?iref=newssearch
Now I know that AIG, and is also true of many other financial companies, has to find a way to retain their valued CEOs, usually with stock options and the like, but since the company's stock has went to crap, they can only pay them in money. What the hell am I talking about?
Please read:
http://www.nytimes.com/2009/03/17/business/17sorkin.html?_r=1&hp
Awww C'mon... if I did a bad job of running a company (or doing any job for that matter), I would be fired so fast, it would make my mommy's head spin. If all the CEO's reason for staying in AIG are those big fat bonuses, it means that they don't really care about the company or anything that their directly responsible for. What companies desperately need are workers who have a vested interest in a company and actually care about the welfare of its employees, and have some sense of responsibility when running a company to the ground that effects so many people worldwide. Anyways, I'm just ranting now -- tell what do you think?