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03-16-2009, 08:23 PM
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What do you think about the AIG bonuses?
While I am bothered by them passing out these bonuses...I wonder why nobody is talking about the idiots that just handed them all that money...YOUR money.
And their ""fix it" is to spend more money we don't have then get mad at the businesses? What regulations did they even have in place in oversight before handing them billions of tax payers dollars?
And so far it has not helped the economy, so their solution? Spend more tax payer money.
__________________
Let it be understood that Apostolic Friends Forum is an Apostolic Forum.
Apostolic is defined on AFF as:
- There is One God. This one God reveals Himself distinctly as Father, Son and Holy Ghost.
- The Son is God himself in a human form or "God manifested in the flesh" (1Tim 3:16)
- Every sinner must repent of their sins.
- That Jesus name baptism is the only biblical mode of water baptism.
- That the Holy Ghost is for today and is received by faith with the initial evidence of speaking in tongues.
- The saint will go on to strive to live a holy life, pleasing to God.
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03-16-2009, 08:52 PM
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Administrator
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Join Date: Feb 2007
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Re: What do you think about the AIG bonuses?
They claim these bonuses were contractual and they were obligated to give them BUT I also heard that they were only added in 2008. I think by then they knew they were in the toilet so to promise huge retention bonuses to derivitives traders was asinine.
Putting together the info I have heard I think $165 million is being split over 400 or so employees. That is almost a half million dollars each on average!
The trend the last decade or two of rewarding CEO's,other executives, and employees like these with huge bonuses or golden parachutes while a companies performance is tanking is absurd. Bonuses should be rewards for performance that brings a positive results to the company. I am amazed at the number of CEO's who run a company in the ground and then leave with tens of millions of dollars in golden parachute settlements.
__________________
"I think some people love spiritual bondage just the way some people love physical bondage. It makes them feel secure. In the end though it is not healthy for the one who is lost over it or the one who is lives under the oppression even if by their own choice"
Titus2woman on AFF
"We did not wear uniforms. The lady workers dressed in the current fashions of the day, ...silks...satins...jewels or whatever they happened to possess. They were very smartly turned out, so that they made an impressive appearance on the streets where a large part of our work was conducted in the early years.
"It was not until long after, when former Holiness preachers had become part of us, that strict plainness of dress began to be taught.
"Although Entire Sanctification was preached at the beginning of the Movement, it was from a Wesleyan viewpoint, and had in it very little of the later Holiness Movement characteristics. Nothing was ever said about apparel, for everyone was so taken up with the Lord that mode of dress seemingly never occurred to any of us."
Quote from Ethel Goss (widow of 1st UPC Gen Supt. Howard Goss) book "The Winds of God"
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03-16-2009, 09:03 PM
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Registered Member
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Join Date: Feb 2007
Location: Ohio
Posts: 7,374
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Re: What do you think about the AIG bonuses?
Quote:
Originally Posted by CC1
They claim these bonuses were contractual and they were obligated to give them BUT I also heard that they were only added in 2008. I think by then they knew they were in the toilet so to promise huge retention bonuses to derivitives traders was asinine.
Putting together the info I have heard I think $165 million is being split over 400 or so employees. That is almost a half million dollars each on average!
The trend the last decade or two of rewarding CEO's,other executives, and employees like these with huge bonuses or golden parachutes while a companies performance is tanking is absurd. Bonuses should be rewards for performance that brings a positive results to the company. I am amazed at the number of CEO's who run a company in the ground and then leave with tens of millions of dollars in golden parachute settlements.
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The sad thing is that they feel compelled to honor that kind of a contract. But if it was a blue collar auto worker working at your local GM or Jeep plant or any other, those contracts aren't worth the paper they're written on. Look how many have lost their retirement money completely, even tho it was in the contract.
I guess money talks. And the more you have of it, the more you can speak up for yourself, eh? 
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Be kinder than necessary because everyone you meet is fighting some kind of a battle ! ! ! !  |
03-16-2009, 09:28 PM
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Forever Loved Admin
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Join Date: Dec 2007
Location: Texas
Posts: 26,537
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Re: What do you think about the AIG bonuses?
Well the President is upset and is suppose to try and stop it. But he wanted this money to help them out. Now he knows there are consequences, but it may be too late. And of course the taxpayers get ripped off by the government as usual.
JERKS!!!!!!!!!!
__________________
If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
2 Chronicles 7:14 KJV
He hath shewed thee, O man, what is good; and what doth the LORD require of thee, but to do justly, and to love mercy, and to walk humbly with thy God? Micah 6:8 KJV
Beloved, now are we the sons of God, and it doth not yet appear what we shall be: but we know that, when he shall appear, we shall be like him; for we shall see him as he is. 1 John 3:2 KJV
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03-16-2009, 10:08 PM
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Accepts all friends requests
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Join Date: Jun 2007
Posts: 13,609
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Re: What do you think about the AIG bonuses?
If it's a "contractual" part of a compensation package then it's not really a "bonus." It's "compensation." AIG should have finessed this one with a bit more wisdom and more precise language.
I really don't see how the execs at a failing corp. have earned any real bonuses. A mob with torches and those wooden hay rakes like they used at Castle Frankenstein may be needed before this party is through.
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03-16-2009, 10:10 PM
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Go Dodgers!
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Join Date: Feb 2007
Posts: 45,794
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Re: What do you think about the AIG bonuses?
Quote:
Originally Posted by pelathais
If it's a "contractual" part of a compensation package then it's not really a "bonus." It's "compensation." AIG should have finessed this one with a bit more wisdom and more precise language.
I really don't see how the execs at a failing corp. have earned any real bonuses. A mob with torches and those wooden hay rakes like they used at Castle Frankenstein may be needed before this party is through.
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That is a scary thought too....that they couldn't come up with a better worded contract
__________________
Let it be understood that Apostolic Friends Forum is an Apostolic Forum.
Apostolic is defined on AFF as:
- There is One God. This one God reveals Himself distinctly as Father, Son and Holy Ghost.
- The Son is God himself in a human form or "God manifested in the flesh" (1Tim 3:16)
- Every sinner must repent of their sins.
- That Jesus name baptism is the only biblical mode of water baptism.
- That the Holy Ghost is for today and is received by faith with the initial evidence of speaking in tongues.
- The saint will go on to strive to live a holy life, pleasing to God.
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03-16-2009, 10:14 PM
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"It's Never Too Late"
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Join Date: Feb 2007
Posts: 4,415
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Re: What do you think about the AIG bonuses?
Quote:
Originally Posted by Praxeas
While I am bothered by them passing out these bonuses...I wonder why nobody is talking about the idiots that just handed them all that money...YOUR money.
And their ""fix it" is to spend more money we don't have then get mad at the businesses? What regulations did they even have in place in oversight before handing them billions of tax payers dollars?
And so far it has not helped the economy, so their solution? Spend more tax payer money.
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My thoughts are this his hush money from AIG. They claim they need to honor the contracts. I bet they were afraid those C-Level's would sing everything the company was involved in, and were the dead are buried.
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03-16-2009, 10:14 PM
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Forever Loved Admin
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Join Date: Dec 2007
Location: Texas
Posts: 26,537
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Re: What do you think about the AIG bonuses?
Quote:
Originally Posted by Praxeas
That is a scary thought too....that they couldn't come up with a better worded contract
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Why would they have to? It's just business as usual. They have a sense of entitlement.
__________________
If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.
2 Chronicles 7:14 KJV
He hath shewed thee, O man, what is good; and what doth the LORD require of thee, but to do justly, and to love mercy, and to walk humbly with thy God? Micah 6:8 KJV
Beloved, now are we the sons of God, and it doth not yet appear what we shall be: but we know that, when he shall appear, we shall be like him; for we shall see him as he is. 1 John 3:2 KJV
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03-16-2009, 10:30 PM
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Registered Member
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Join Date: Dec 2008
Posts: 3,596
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Re: What do you think about the AIG bonuses?
Quote:
Originally Posted by Cindy
Well the President is upset and is suppose to try and stop it. But he wanted this money to help them out. Now he knows there are consequences, but it may be too late. And of course the taxpayers get ripped off by the government as usual.
JERKS!!!!!!!!!!
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C'mon Granny, let's all fess up here! The biggest complaint that we really have is....
WE DON'T WORK FOR AIG!!!!!!! 
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03-16-2009, 11:11 PM
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Accepts all friends requests
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Join Date: Jun 2007
Posts: 13,609
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Re: What do you think about the AIG bonuses?
Quote:
Originally Posted by TJJJ
C'mon Granny, let's all fess up here! The biggest complaint that we really have is....
WE DON'T WORK FOR AIG!!!!!!!
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He's right. If I was getting an "average bonus" in the $500K range I'd certainly have some compelling arguments about why I deserved that.
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