AIG Bonus Issues and Security

For things that don't fit into the other categories.

Moderators: Glenn E., Roy Hersh, Andy Velebil

Post Reply
User avatar
Roy Hersh
Site Admin
Posts: 21829
Joined: Thu Jul 28, 2005 1:27 am
Location: Porto, PT
Contact:
Contact Roy Hersh

AIG Bonus Issues and Security

Post by Roy Hersh »

Now this is news 8--)

http://www.nytimes.com/2009/03/20/nyreg ... wanted=all

Maybe I should hire private security to protect my Colheitas! :beat:
Ambition driven by passion, rather than money, is as strong an elixir as is Port. http://www.fortheloveofport.com
Top
User avatar
Andy Velebil
Posts: 16813
Joined: Tue Aug 02, 2005 4:49 pm
Location: Los Angeles, California, United States of America - USA
Contact:
Contact Andy Velebil

Re: AIG Bonus Issues and Security

Post by Andy Velebil »

I'll come protect it....just a "small Port fee" is all i'll charge :P

I have no symapthy for these guys. Their company was in dire straights yet they still took the bonuses and are only now giving them back after the whole world has put pressure on them. Shame on them in the first place. I don't condone any threats of violence, that is not the correct way to go about anything. Those people need to chill out themselves and are just as bad, in a different way, than the AIG Exec's.
Andy Velebil Good wine is a good familiar creature if it be well used. William Shakespeare http://www.fortheloveofport.com
Top
User avatar
Glenn E.
Posts: 8383
Joined: Wed Jan 23, 2008 10:49 am
Location: Sammamish, Washington, United States of America - USA
Contact:
Contact Glenn E.

Re: AIG Bonus Issues and Security

Post by Glenn E. »

It's complicated... some of these payments were not bonuses, but lump sum payments for work completed. And all of them were contractually required, which makes them not really bonuses even when they're labeled a bonus. (Seriously... if it is in a contract as a guaranteed payment, how on earth can anyone consider it a bonus? A bonus is something you're not guaranteed to get... it's extra and special. A contracted payment is neither.)

Yet they are all being painted with the same brush in the media.

So I'm of 2 minds about this. Some of these payments were clearly intended to be bonuses originally, but were negotiated into guaranteed payments. Those need to go away. Some of them were clearly lump sum payments for contracted work. People need to back off regarding those. And then the bulk of them fit some grey area in between.
Glenn Elliott
Top
Moses Botbol
Posts: 6037
Joined: Wed Aug 30, 2006 7:38 am
Location: Boston, USA

Re: AIG Bonus Issues and Security

Post by Moses Botbol »

Glenn E. wrote:It's complicated... some of these payments were not bonuses, but lump sum payments for work completed. And all of them were contractually required, which makes them not really bonuses even when they're labeled a bonus. (Seriously... if it is in a contract as a guaranteed payment, how on earth can anyone consider it a bonus? A bonus is something you're not guaranteed to get... it's extra and special. A contracted payment is neither.)

Yet they are all being painted with the same brush in the media.

So I'm of 2 minds about this. Some of these payments were clearly intended to be bonuses originally, but were negotiated into guaranteed payments. Those need to go away. Some of them were clearly lump sum payments for contracted work. People need to back off regarding those. And then the bulk of them fit some grey area in between.
:thumbsup:

I do not think bonus was an acurate word for most of the payments in question.
Welsh Corgis | F1 |British Cars
Top
Post Reply

Return to “Other Discussions”