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Personally, I think if the corporation lost over 100 billion dollars, no one should get a penny.
It's March Madness. If a team losses, the whole team loses, not just a couple of players. It's sad, but that is what team-work is all about. Corporations work as a team not thousands of individuals. The whole corporation goes down not just a few departments.
If upper management can't work the corporation into a team, then upper management should be fired... not given bonuses until they get it right.
I worked for a large, non-profit health insurance corporation for almost 20 years. We didn't get bonuses. We just worked for the subscribers.
While I don't like it they should get them as a last paycheck. They're contracturally obligated to pay them, the government approved them so pay them but not again for any government owned company.
Of course they should get their bonuses. They are CONTRACTUALLY entitled to them!
And another thing. Like it or not WE now own about 80% of AIG whether we like it or not. Considering this fact, don't you think that it is in our interests that AIG remain an attractive place to work for the best and the brightest? How in the world do you expect to attract smart, competent executives to a company if they are given the impression that their compensation can be denied to them based on little more than a witch hunt?
Let me ask something to those who think that they shouldn't receive a penny: Do you want to send the message that a company you own (as a taxpayer) doesn't honor it's contracts with those hired to run it?
They won't have any problem attracting talents. There are literally 30K-50K Wall Street looking for jobs at this point. What kind of talent when you are responsible for bankrupting the company? I definitely won't be hiring these losers.
They won't have any problem attracting talents. There are literally 30K-50K Wall Street looking for jobs at this point. What kind of talent when you are responsible for bankrupting the company? I definitely won't be hiring these losers.
Do you know that these people being targeted are the ones who are responsible for bankrupting the company? If they are then why didn't Congress (the owners) fire them months ago? For all you know these people may have prevented even more losses in their respective departments and have been left in place to try to reverse the damage.
Bottom line is that AIG is a huge company with a great number of different departments. We do not know enough about any of this to go off on some kind of witch hunt by targeting those who may very well be doing good things. Again, now that we the people are the majority owners, don't you think it prudent to have people in place there who can turn things around? Enough of this populist, class warfare garbage already.
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