Quote:
Originally Posted by Snake Doctor
So you think the guy who had nothing to do with the derivatives business, who has a degree from MIT and a family, should work for a company that he knows won't be there a year from now, and turn down other more stable jobs, and also receive no pay for it?
If you actually put your pitchfork down and read the letter, you'll realize that the people involved in the credit default swap business are long gone, and the only people left are the ones trying to clean up the mess they left behind.
Like the guy said in the letter, it's like not paying the plumber for his work because the electrician's mistake burned the house down.  |
Except in this case it's the builder whom is paying both the plumber and the electrician. In any other situation no bonuses would ever be paid out to the electrician or the plumber unless there was a profit from the sale of the house. If the house burnt down, reguardless of who caused it, no one would get a bonus until the money was recovered.
AIG has no profit.. They had to be bailed out, so if they want to hand out bonuses, well then they better get their ass in gear and start turning a profit.
btw they are getting "paid" they just aren't getting bonuses..