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Originally posted by vor78
I suppose that if a few conditions had been placed upon these bailout funds, this wouldn't have been a problem in the first place.
Originally posted by Iago18
Wow. I am frankly stunned at how angry people are about these bonuses.
If you understand the industry, the backbone of performance is based on bonuses. We are not talking about CEOs only here.
Obama needs to get his socialist nose and his trained poodle Geitner out of corporate America.
Sorry, I don't normally use such condemnatory terms, but, frankly, these people are either extremely foolish or actively destructive.
Give them the money, and let's move on.
You aren't going to understand it, you're going to think I'm out of touch, lost touch, and all of that, but I'm laughing hysterically at all the hysteria this morning that I am seeing everywhere, including at Fox News, the hysteria over the AIG bailouts. Let me tell you something, folks. I am all for the AIG bailouts, and I am all for the AIG bonuses. Well, I'm not for the bailouts, well, in a way I'm for the bailout because I'm for the bonuses.
Mr. Cuomo did not name the bonus recipients, but the numbers are eye-popping, given A.I.G.’s fragile state. The highest bonus was $6.4 million, and six other employees received more than $4 million, according to Mr. Cuomo. Fifteen other people received bonuses of more than $2 million, and 51 people received bonuses between $1 million and $2 million, Mr. Cuomo said. Eleven of those who received “retention” bonuses of $1 million or more are no longer working at A.I.G., including one who received $4.6 million, he said.