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Swingman Swingman is offline
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Default O/T: A Visit From Vido


"Mark & Juanita" wrote in message
m...
Lew Hodgett wrote:

All this hub-bub about a few million dollars of bonus money to
employees that seem to have such a good contract.

Time for a visit from Vido to AIG.

Vido would explain to each and every one receiving a large bonus that
he has a hunch that someone who files a tax return for such a large
sum of income probably has a pretty good chance that the IRS would
want to perform a very complete review these tax returns to insure
there were no errors.

Vido usually has pretty good hunches.

Lew


Just to interject some facts into the outrage he
1) The bonuses being paid were to people who were being asked to stay on
while they dismantled their divisions. In general, when one is told that
their job is going away, the number one priority for that person becomes
finding a new job -- any performance on the existing job becomes secondary
and if another opportunity is found, the person being affected is going to
leave for the new opportunity rather than finish anything at the company
for which is position is being eliminated. These retention bonuses were
designed to keep those people deemed critical to shutting down those
operations from jumping somewhere else and finishing their assignment.
That was absolutely critical to the AIG mess.

2) The people being paid the bonuses appear NOT to be the people
responsible
for running the company into the ground -- they were brought in to clean
up
the mess:
http://justoneminute.typepad.com/main/2009/03/some-reality-for-the-reality-based.html

3) None of this would be an issue if the country had applied good
old-fashioned capitalism and a) never tried to do the social engineering
through Fannie Mae, Freddie Mac and the CRA with the idea of "affordable
housing" and government backed mortgages, and b) had let failing companies
fail


Barney, Nancy, Harry, Chris and ALL your other political heroes are
strumming the stupidity/ignorance of the electorate like a 12 string guitar
.... too bad the sound you hear is the death knell of freedom as we've known
it.

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Last update: 10/22/08
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