RE: Dear AIG, .... I quit!

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RE: Dear AIG, .... I quit! - 3/27/2009 6:01:25 AM

rulemylife

Posts: 14614
Joined: 8/23/2004
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quote:

ORIGINAL: SilverMark

I never made the argument that there is any difference...Courts do not make decisions based on supposition. The autoworkers have their collective bargaining agreement to protect their rights and to my knowledge as of now, there have been no cuts. If they are asked to do so, and vote to do so, it is their choice.
I find the AIG mess to be as distasteful and unfair as the next person but, contracts, short of bankruptcy are still legally binding.

Except this is a unique situation with the government obtaining a majority stake in a business to prevent their failure.

My guess is, if this does ever go to court, which I doubt, AIG will be considered to have been a bankrupt company, voiding these contracts.

(in reply to SilverMark)

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RE: Dear AIG, .... I quit! - 3/27/2009 6:13:08 AM

rulemylife

Posts: 14614
Joined: 8/23/2004
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quote:

ORIGINAL: Kirata

~Fast Reply~

The Real AIG Conspiracy

1. Treasury Secretary Paulson, from Goldman Sachs, decided to give AIG ~$183 BILLION DOLLARS
2. The money was disbursed to pay off AIG's undisclosed "creditors".
3. The largest of these turns out to be Goldman Sachs, which got $13 BILLION DOLLARS
4. The bonuses given to people who actually worked for it amounted to about 1/1000 of what was given AIG
5. The rest of the $183 BILLION DOLLARS was used to pay off the casino's high rollers

Keep watching my left hand closely, observe that I have no bonus in it... do not take your eyes off my left hand

K.

Trust me, I'm as pissed off at the overall situation as I am at the bonuses.

The bonuses just seem to rub it in.

And again, I'm sure these people did work for their bonuses, but is it right or even logical to accept a bonus when your company is two steps from going out of business?

Unless of course they really don't care and will just take the money and run, as some of them have.

I do have to give credit to those that returned their bonuses, but have to wonder if they would have without the public outcry.

(in reply to Kirata)

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RE: Dear AIG, .... I quit! - 3/27/2009 6:47:19 AM

Raiikun

Posts: 2650
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quote:

ORIGINAL: rulemylife

And again, I'm sure these people did work for their bonuses, but is it right or even logical to accept a bonus when your company is two steps from going out of business?

Is it right or even logical to be expected to work for free?

(in reply to rulemylife)

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RE: Dear AIG, .... I quit! - 3/27/2009 7:21:49 AM

rulemylife

Posts: 14614
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quote:

ORIGINAL: Raiikun

quote:

ORIGINAL: rulemylife

And again, I'm sure these people did work for their bonuses, but is it right or even logical to accept a bonus when your company is two steps from going out of business?

Is it right or even logical to be expected to work for free?

bonus (from Dictionary.com)

1. something given or paid over and above what is due.

2. a sum of money granted or given to an employee, a returned soldier, etc., in addition to regular pay, usually in appreciation for work done, length of service, accumulated favors, etc.

< Message edited by rulemylife -- 3/27/2009 7:25:07 AM >

(in reply to Raiikun)

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RE: Dear AIG, .... I quit! - 3/27/2009 8:08:16 AM

samboct

Posts: 1817
Joined: 1/17/2007
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Raiikun-

Here's the precedent.

http://en.wikipedia.org/wiki/Dollar-a-year_men

(in reply to rulemylife)

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