tag:blogger.com,1999:blog-6213093208529982391.post7507055636544369168..comments2024-01-21T05:21:53.264-10:00Comments on The Cautionary Revelation of The Apocalypse: The scum of the universeThe Cautionary Revelation of The Apocalypsehttp://www.blogger.com/profile/15821985631020193972noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6213093208529982391.post-89507859072104205782009-03-15T08:44:00.000-10:002009-03-15T08:44:00.000-10:00To a certain extent you are right, if we are talki...To a certain extent you are right, if we are talking about tax money going to pay for their bonus salaries but these “expert” refers to everyone, not just one or two companies, and they are also talking about “greed” in a general context. One can assume they mean to end this by law and governmental restrictions, even if that’s not mentioned. And with government being highly responsible for those companies situation, one can also argue that government also should bail them out, even if that’s not my point. The point is that these kind of stupidities comes rushing out of the woodwork every time some executive gets a higher salary and are called in through the sole purpose of getting people upset, again in a general way, not in one specific case.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6213093208529982391.post-55229469390661822482009-03-15T08:20:00.000-10:002009-03-15T08:20:00.000-10:00I'm amazed that this discussion has not emerged ea...I'm amazed that this discussion has not emerged earlier with AIG and other companies as well that needs taxpayer dollars to survive.<BR/>I think it's wrong to even consider that they should keep their bonuses.<BR/><BR/>1. Any contract involving a bonus should be torn up (i.e no bonuses paid)<BR/><BR/>2. All future bonuses should not even be considered until AIG has fullfilled their oblligations against the taxpayers.<BR/><BR/>3. I would even seriously consider that management should even have their wages reduced.<BR/><BR/>To my understanding a bonus is directly related to how a company performs. Well, how was the performance of AIG during the last year? We all know that it can't even be called performance...rather harmageddon.<BR/><BR/>You may argue: well in order to get good management we need to pay well and have some incitement for them to work hard.<BR/>Well, how valuable are they? that question is even easier to answer when you look at the performance of the company. So, are they that good or can we find more competent management that will work for less? That is how a healthy market for management should work anyways.<BR/><BR/>This applies to all companies as well including the Swedish Banks.<BR/><BR/>BernhardAnonymousnoreply@blogger.com