Comments on: What’s Another Million?

By: Melissa O.

Melissa O. — Fri, 20 Mar 2009 13:41:56 +0000

I guess based on the information I would keep 10% and give back 90% either way if I took the bonus I would have to give it to someone..plus at what cost is it worth keeping..especially if my family was receiving death threats!!

BUT, can you imagine getting $12 million or even $1 million for a bonus..I can’t…

By: CAM

CAM — Thu, 19 Mar 2009 21:30:56 +0000

Here’s the deal, The company as everyone know’s recieved a bailout. We all know in the fast year every company that has received a bailout is failing! And like Kim Brown said “hence the word BAILOUT”. BUt how did they get there? Talent is recieving bonus’s for what? Hard earned tax paying dollars paid to person’s who collapsed a companies progress! This means that those who are receiving the bonus’s are those who are not doing a good enough job to keep the company above the water! So where’s the justification in taking a bailout when you know you are the a portion of the problem. I would not take the money, and if I did I would give it back to the company and hope to keep my JOb!!!

By: Kim B.

Kim B. — Thu, 19 Mar 2009 21:04:57 +0000

Moral of the story – you have to make the mistake to learn from it!

By: LG

LG — Thu, 19 Mar 2009 20:28:56 +0000

No problem anymore.
The House just passed a new law:
Any company receiving more than $5 Billion in bail-outs, all bonuses paid are subject to 90% income tax.
Bottom line: No one messes with the big Uncle.

By: Ryan Ashley

Ryan Ashley — Thu, 19 Mar 2009 19:22:57 +0000

Man, I really don’t know what I would do. It’s hard to imagine myself in that position. It seems wrong to get a huge bonus when the company did badly, but on the other hand, the bonus was a planed contractual benefit from before the recession. I guess maybe it would be good form to donate the bonus to charity. Giving it back to AIG makes me laugh; the company obviously wouldn’t do anything good with it.

By: anonymous

anonymous — Thu, 19 Mar 2009 18:49:06 +0000

My biggest thing is that there are many people that have their own companies, (my husband for one), but no one is going to bail out these companies, so why should AIG and all the hedge funds get bailed out?

By: jesse

jesse — Thu, 19 Mar 2009 17:51:44 +0000

AIG said the bonuses were to retain top talent in order to keep making $$
and subsequently keeping the economy rolling.

But… didn’t they need to borrow money – does that reflect their top tallent doing what they should to earns a bonus?

By: Kim B.

Kim B. — Thu, 19 Mar 2009 16:36:27 +0000

I think I would assume that if the company I worked for received money from the bail-out (key word, BAIL-OUT!), that I wouldn’t be getting a bonus at all – regardless of the contracts. But, that’s me – I’m sure that if they didn’t award the bonuses that the employees would be up in arms about it though. It would have still received media coverage either way and I’m sure someone somewhere would have been encouraging AIG’s employees to make a fuss about it.

Check this out, “In comments yesterday, President Obama appeared to take responsibility for allowing the bonuses to go through. “Listen, I’ll take responsibility. I’m the president,” he said at a town meeting in Costa Mesa, Calif. He noted that “we didn’t draft these contracts,” but said, “it’s my job to make sure we fix these messes, even if I don’t make ‘em.”

And what do you make of that?