 Bonuses for bailed out companies |
| Bonuses for bailed out companies |
 Mar 22 2009, 02:52 PM
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#1
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 Group: Members Posts: 706 Joined: 22-February 06 From: Lubbock, TX Member No.: 20  |
So, I'm trying to think of an example that would be close to the situation that AIG is facing to get a gauge on this particular situation.
Let's pretend that Brinker International Restaurants(Chili's, Maggiano's, On the Border, and Romano's Macaroni Grill) got a bailout with your tax dollars because they're in financial trouble. So, let's also pretend that one of their concepts was the main cause for all their profit loss, On the Border in this hypothetical case. So, On the Border has such massive losses that it causes Brinker to have to report a loss for the fiscal year. Now, let's just say that you work for Chili's and don't really have any connection to On the Border because that's a different division. You've been doing your job and Chili's, Romano's, and Maggiano's not only made budget, but actually had profit for the last year. Should you get bonus, along with the guys from Romano's and Maggiano's? -------------------- Beers that I have had, updated July 5th, 2009: 1,548
My Beer List "Patriotism is the last refuge of the scoundrel" - Samuel Johnson "I like your Christ, I do not like your Christians. Your Christians are so unlike your Christ" - Mahatma Gandhi |
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Mar 24 2009, 11:02 AM
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#2
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 Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
Except that paying you $10 million isn't part of a contract for a business the government is trying to keep afloat.
You are dead on on why people are ticked, and was exactly the point I made in the other thread. Because people are "living large". It's all about perspective, and you and everyone else who's ticked fails to see it in perspective. You just see the word "millions" and "executives" and draw your own conclusions based on your decidedly non-millions non-executive lifestyle. All you see is someone doing better than you and you feel that knocking them down to your level is the only solution. The bottom line is, you have no idea how this business is run, you have no idea who the people receiving the bonuses are, and you have no idea about their job performance, or what their contracts entitle them to. So bitching about it is stupid. Lastly, understand the concept of how business people work. Many work similar to waiters. They have a base salary, and then receive a "bonus" based on their performance. No doubt that, even with the bonuses, these people are probably only receiving a fraction of what they might normally make in a year. Part of keeping the company afloat is keeping employees working there. Obviously the ones that met their marks well enough to receive their bonuses are the ones you want to keep. You think hacking all these people's pay and having them leave the company is what will turn it around?? |
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Mar 24 2009, 05:17 PM
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#3
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 GORILLA FLUFFER  Group: Agents Posts: 7,711 Joined: 23-February 06 From: lubbock Member No.: 50 |
QUOTE (impala454 @ Mar 24 2009, 12:02 PM)  The bottom line is, you have no idea how this business is run, you have no idea who the people receiving the bonuses are, and you have no idea about their job performance, or what their contracts entitle them to. So bitching about it is stupid. so lets all take the impala example and ignore it. since apparently we don't understand.... we shouldn't question things we don't understand... and your little speech about keeping people in the business... you think that the banking industry won't survive without these people? on the whole they are FAILURES. their bad decisions is what caused their own money problems. they leave, and they will be replaced. they took the wrong gamble. what you're saying is alot like me going to vegas, losing a couple $1000 and then expecting the casino to give me the money back so that i can try to gamble again and hopefully win this time. you're a god damn moron. no wonder NASA hasn't come up with anything useful lately when they hire people like you. my advise:: tell your boss that you wanna be the next dumb-fuck chimp they send into outer space --------------------  QUOTE (Jessica @ May 7 2007, 01:15 PM) but yeehaw dammit. YEEHAW QUOTE (Dogmeat @ Jun 26 2008, 07:51 PM) ok once upon a time I jacked myself off retarded. Licking anuses, one kindergarten class at a time!! |
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Mar 25 2009, 09:36 AM
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#4
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Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
QUOTE (FORSAKENR320 @ Mar 24 2009, 06:17 PM) so lets all take the impala example and ignore it. since apparently we don't understand.... we shouldn't question things we don't understand... uh, ok QUOTE (FORSAKENR320 @ Mar 24 2009, 06:17 PM) and your little speech about keeping people in the business... you think that the banking industry won't survive without these people? on the whole they are FAILURES. their bad decisions is what caused their own money problems. they leave, and they will be replaced. Which people's bad decisions? How on earth do you know which people's bad decisions resulted in the company's failure, and if those correlate to people who received their contracted bonus? QUOTE (FORSAKENR320 @ Mar 24 2009, 06:17 PM) they took the wrong gamble. what you're saying is alot like me going to vegas, losing a couple $1000 and then expecting the casino to give me the money back so that i can try to gamble again and hopefully win this time. No, it'd be like you going to vegas, having the casino guarantee you a couple $1000, then not giving it to you because someone else broke the bank. QUOTE (FORSAKENR320 @ Mar 24 2009, 06:17 PM) you're a god damn moron. no wonder NASA hasn't come up with anything useful lately when they hire people like you. Jealous much? QUOTE (FORSAKENR320 @ Mar 24 2009, 06:17 PM) my advise:: tell your boss that you wanna be the next dumb-fuck chimp they send into outer space I would love to actually. |
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dauss Bonuses for bailed out companies Mar 22 2009, 02:52 PM
pysex that theory would work fine except for the bonuses... Mar 22 2009, 08:33 PM FORSAKENR320 bottom line to me is that the bailout money is to ... Mar 22 2009, 09:56 PM chook At raytheon, if the space systems, or optics do po... Mar 22 2009, 11:22 PM impala454 At Jacobs our raises in the space sector were unaf... Mar 23 2009, 09:35 AM Hartmann There are three questions here.
1. Should the gov... Mar 23 2009, 10:07 AM THECHICKEN Its like handing candy to a little kid.....
then ... Mar 24 2009, 12:30 AM
FORSAKENR320 QUOTE (THECHICKEN @ Mar 24 2009, 01:30 AM... Mar 24 2009, 05:03 PM Billy I think the government should use tax money to giv... Mar 24 2009, 10:35 AM chook QUOTE (impala454 @ Mar 24 2009, 12:02 PM)... Mar 24 2009, 07:20 PM impala454 QUOTE (chook @ Mar 24 2009, 08:20 PM) If ... Mar 25 2009, 09:33 AM Billy QUOTE (impala454 @ Mar 24 2009, 12:02 PM)... Mar 24 2009, 08:15 PM impala454 QUOTE (Billy @ Mar 24 2009, 09:15 PM) I d... Mar 25 2009, 09:29 AM Billy QUOTE (impala454 @ Mar 25 2009, 10:29 AM)... Mar 25 2009, 04:57 PM pysex you do know that China is buying up our debt right... Mar 24 2009, 09:14 PM Dogmeat QUOTE (pysex @ Mar 24 2009, 09:14 PM) you... Mar 24 2009, 09:24 PM FORSAKENR320 QUOTE (Dogmeat @ Mar 24 2009, 10:24 PM) Y... Mar 24 2009, 11:24 PM Psykopath Down with civilization! Mar 25 2009, 12:14 AM FORSAKENR320 QUOTE (Psykopath @ Mar 25 2009, 01:14 AM)... Mar 25 2009, 12:24 AM Psykopath QUOTE (FORSAKENR320 @ Mar 25 2009, 01:24 ... Mar 25 2009, 01:00 AM FORSAKENR320 QUOTE (Psykopath @ Mar 25 2009, 02:00 AM)... Mar 25 2009, 02:41 AM Hartmann I still do not think we are getting the "tran... Mar 25 2009, 07:01 AM woody keep in mind these are not bonuses, this is a way ... Mar 25 2009, 08:06 AM impala454 haha "computer scientist"... mmmk
so as... Mar 26 2009, 12:49 AM FORSAKENR320 QUOTE Which people's bad decisions? How on ear... Mar 26 2009, 01:13 AM impala454 but you don't know for a fact that the people ... Mar 26 2009, 11:25 AM woody http://www.rollingstone.com/politics/story...he_bi... Mar 26 2009, 11:37 AM FORSAKENR320 QUOTE (woody @ Mar 26 2009, 12:37 PM) htt... Mar 26 2009, 01:23 PM impala454 yeah lemme go read politics from the rolling stone... Mar 26 2009, 03:08 PM FORSAKENR320 QUOTE (impala454 @ Mar 26 2009, 04:08 PM)... Mar 26 2009, 04:33 PM Billy Impala, you idiot. EVERYONE got a bonus. Not jus... Mar 26 2009, 05:49 PM impala454 QUOTE (Billy @ Mar 26 2009, 06:49 PM) Imp... Mar 27 2009, 09:52 AM Billy QUOTE (impala454 @ Mar 27 2009, 10:52 AM)... Mar 27 2009, 03:57 PM dauss QUOTE (Billy @ Mar 27 2009, 03:57 PM) Thi... Mar 27 2009, 05:00 PM impala454 QUOTE (dauss @ Mar 27 2009, 06:00 PM) Uhm... Mar 27 2009, 10:19 PM FORSAKENR320 i read somewhere that if obama decided to pay each... Mar 26 2009, 06:28 PM chook QUOTE (FORSAKENR320 @ Mar 26 2009, 06:28 ... Mar 26 2009, 06:45 PM FORSAKENR320 QUOTE (chook @ Mar 26 2009, 07:45 PM) It ... Mar 26 2009, 07:19 PM pysex QUOTE (FORSAKENR320 @ Mar 26 2009, 08:19 ... Mar 27 2009, 10:03 AM dauss QUOTE (FORSAKENR320 @ Mar 26 2009, 06:28 ... Mar 27 2009, 07:22 AM impala454 QUOTE (FORSAKENR320 @ Mar 26 2009, 07:28 ... Mar 27 2009, 09:54 AM woody QUOTE (impala454 @ Mar 26 2009, 03:08 PM)... Mar 26 2009, 08:57 PM impala454 QUOTE (woody @ Mar 26 2009, 09:57 PM) oh ... Mar 27 2009, 09:52 AM woody bail out student loans, then i'll vote for you... Mar 27 2009, 10:34 AM dauss Here's the resignation letter from one of the ... Mar 27 2009, 03:33 PM Hartmann QUOTE (dauss @ Mar 27 2009, 03:33 PM) Her... Mar 28 2009, 02:12 PM Billy Well, I guess I shouldn't be opposed to people... Mar 27 2009, 07:36 PM dauss QUOTE (Billy @ Mar 27 2009, 07:36 PM) And... Mar 27 2009, 08:46 PM chook The problem is that noone is going to say we were ... Mar 29 2009, 02:42 PM |
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