Quote:
Originally Posted by crockett
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..
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He got paid $1 in salary, and was given a contract promising a $1M bonus in March of 2009.
His job was to sell the part of the company he ran to another company, so that AIG could use the proceeds of that sale to pay the government back.
This guy is not the builder or the electrician, he's just the plumber, and the work he did for the company made them hundreds of millions of dollars and the expertise he has in his area, and the knowledge that he has about that division of the company, knowledge that nobody else has, not even another expert in his field, because he's the one who ran that actual division....that knowledge was necessary to complete the sale and that's why he got paid.
Not only that, but this guy is going to give all of the bonus money to charity and yet you people still want to burn him at the stake as "the bad guy who caused this whole mess"
All I have to say is thank god the founding fathers didn't put the House of Representatives in charge of everything with no checks and balances, or else we'd have already burned all of the banking and insurance CEO's in the country at the stake.