AIG Bonuses

[madspark]

Okay, up front, the huge bonuses being paid to the architects of their downfall is stupid. The contracts were badly thought out (or perhaps well thought out, in light of how they probably knew what was on the horizon) and are not helping anybody's case

Comments

For example

[boztopia]

I'm right here on LiveJournal and have been for many years.

I agree with your larger point, overall, that we're fixated on a comparatively small number (though "small" is relative), but you're also missing my point--that people demand and deserve concrete solutions to these very real problems, which was the thrust of my post.

In focusing completely on my misstating "millions" as "billions," you either ignored or completely missed everything else. I don't know if that was intentional, but I figured it was worth addressing. :)

Re: For example

[madspark]

Oh no, my post was in no way a direct response to your online page -- I agree with the thrust of it, though I didn't read very deeply INTO it. It did bother me the M/B thing (probably more than it should have) but I definitely did not point this diatribe at you (or I would have linked it! Really, it would have been obvious).

Now, if you can fix your powers of ten, we'll be hunky dory.

Re: For example

[madspark]

In fact, my post was seeded by, I think, Jon Stewart...

Re: For example

[madspark]

Oh, and another post by a different friend, too... really, it's just in the air.

[incandragon]

Yeah, the whole thing is a mess. My understanding is that base salary is low, and bonuses are an expected income. The only thing that's really bad, in this situation, is that Congress is passing a thinger where bonuses given out at companies that received bailout cash will be taxed at 95% ... which i wouldn't quibble at too much, except that poor Wells Fargo, which was doing just fine and didn't WANT bailout $$ was forced to take it. (So as to keep the bailouts from looking like a finger pointed at bad banks.) They didn't want it, had to take it, and now they're being smashed hard by all the legislation that is being flung at the "loser banks": caps and taxes on bonuses. I feel so sorry for those guys.

[mongo42]

[madspark]

The whole thing is a clusterfuck... not pretty. And far too many D's in the cluster to make me happy. C'mon guys, try not to be so retarded, m'kay?

[mongo42]