sweetycakes Posted October 18, 2008 Group: Royal Member Followers: 8 Topic Count: 162 Topics Per Day: 0.02 Content Count: 7,868 Content Per Day: 1.13 Reputation: 2,122 Days Won: 0 Joined: 04/21/2005 Status: Online Birthday: 03/23/1964 Share Posted October 18, 2008 Pay and bonus deals equivalent to 10% of US government bail-out package This is going to make a lot of Americans very angry, I suspect. http://www.guardian.co.uk/business/2008/oc...alaries-banking Link to comment Share on other sites More sharing options...
Matthitjah Posted October 18, 2008 Group: Royal Member Followers: 4 Topic Count: 1,285 Topics Per Day: 0.16 Content Count: 17,917 Content Per Day: 2.27 Reputation: 355 Days Won: 19 Joined: 10/01/2002 Status: Offline Share Posted October 18, 2008 Pay and bonus deals equivalent to 10% of US government bail-out package This is going to make a lot of Americans very angry, I suspect. http://www.guardian.co.uk/business/2008/oc...alaries-banking Going to make alot of Americans angry? I've got news for your brother, alot of Americans are already angry. That whole bailout mess was like pouring money down a black hole and was the worst piece of legislation passed in the U.S. in a long long time. It has also not stabilized the commercial credit markets like it was supposed to do. There is still a credit crunch especially for Businesses. Businesses without lines of credit are in trouble because they thrive on captialization. Cash flow is the bane of every businessman. Here's the other problem, the banks having been bailed out and secured are now not inclined to lend because the economy is still shakey. The Government caused the problem and to cover it's own rear end it has tried to correct it with misguided measures. There ought really be investigations and severe recriminations for those who have benefited from and steered this whole debacle. Peace, Dave Link to comment Share on other sites More sharing options...
Guest Posted October 18, 2008 Share Posted October 18, 2008 Link to comment Share on other sites More sharing options...
WayneB Posted October 18, 2008 Group: Worthy Ministers Followers: 4 Topic Count: 232 Topics Per Day: 0.03 Content Count: 7,261 Content Per Day: 0.96 Reputation: 79 Days Won: 0 Joined: 08/30/2003 Status: Offline Birthday: 12/19/1959 Share Posted October 18, 2008 That whole bailout mess was like pouring money down a black hole and was the worst piece of legislation passed in the U.S. in a long long time. Link to comment Share on other sites More sharing options...
kat8585 Posted October 18, 2008 Group: Royal Member Followers: 3 Topic Count: 1,360 Topics Per Day: 0.21 Content Count: 7,866 Content Per Day: 1.23 Reputation: 26 Days Won: 0 Joined: 11/22/2006 Status: Offline Birthday: 04/18/1946 Share Posted October 18, 2008 Everyone was bailed out except the consumer. Link to comment Share on other sites More sharing options...
WayneB Posted October 18, 2008 Group: Worthy Ministers Followers: 4 Topic Count: 232 Topics Per Day: 0.03 Content Count: 7,261 Content Per Day: 0.96 Reputation: 79 Days Won: 0 Joined: 08/30/2003 Status: Offline Birthday: 12/19/1959 Share Posted October 18, 2008 There is no arguement in regards to the GREED of man. Man sufferes with GREED and PRIDE... I agree wholeheartedly that executive compensation for many companies is highly inflated and not tied to performance like it should be. BUT be wary of what you read... First, consider the source of the report and look for verifcation from other sources. I have yet to see any other reputable media sources reporting the story. Second, consider context. Bonuses paid out in 2007 totaled $38 billion and was spread among 186,000 workers -- an average of $201,500 per employee. Yes, that seems excessive. BUT what does that have to do with the bailout? Nothing really. Link to comment Share on other sites More sharing options...
traveller Posted October 18, 2008 Group: Royal Member Followers: 5 Topic Count: 827 Topics Per Day: 0.10 Content Count: 12,101 Content Per Day: 1.50 Reputation: 249 Days Won: 3 Joined: 04/01/2002 Status: Offline Share Posted October 18, 2008 That whole bailout mess was like pouring money down a black hole and was the worst piece of legislation passed in the U.S. in a long long time. Link to comment Share on other sites More sharing options...
sweetycakes Posted October 18, 2008 Group: Royal Member Followers: 8 Topic Count: 162 Topics Per Day: 0.02 Content Count: 7,868 Content Per Day: 1.13 Reputation: 2,122 Days Won: 0 Joined: 04/21/2005 Status: Online Birthday: 03/23/1964 Author Share Posted October 18, 2008 BUT be wary of what you read... First, consider the source of the report and look for verifcation from other sources. I have yet to see any other reputable media sources reporting the story. Well, the guardian is one of the more respected papers in the UK. I haven't seen, or looked for, any other sources. Link to comment Share on other sites More sharing options...
WayneB Posted October 18, 2008 Group: Worthy Ministers Followers: 4 Topic Count: 232 Topics Per Day: 0.03 Content Count: 7,261 Content Per Day: 0.96 Reputation: 79 Days Won: 0 Joined: 08/30/2003 Status: Offline Birthday: 12/19/1959 Share Posted October 18, 2008 That whole bailout mess was like pouring money down a black hole and was the worst piece of legislation passed in the U.S. in a long long time. Link to comment Share on other sites More sharing options...
WayneB Posted October 18, 2008 Group: Worthy Ministers Followers: 4 Topic Count: 232 Topics Per Day: 0.03 Content Count: 7,261 Content Per Day: 0.96 Reputation: 79 Days Won: 0 Joined: 08/30/2003 Status: Offline Birthday: 12/19/1959 Share Posted October 18, 2008 BUT be wary of what you read... First, consider the source of the report and look for verification from other sources. I have yet to see any other reputable media sources reporting the story. Well, the guardian is one of the more respected papers in the UK. I haven't seen, or looked for, any other sources. It will be interesting to see if it is verified in the Wall Street Journal, Fortune magazine and other reputable financial news sources. We'll see... but keep in mind, this applies to 186,000 employees. The American news media made a big stink about AGI spending $400,000 on an executive retreat...and rightfully so. I guarantee if this story proves true (the part about substancial bonuses being paid), they'll make a big deal over $70,000,000,000!!! Regardless, no debate here. Executive pay is highly inflated and has been for years. Link to comment Share on other sites More sharing options...
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