why?! afterall, they still have not become profitable. since the gov’t has a stake in this company. now, we should have looked at the books BEFORE we decided to bail them out. i think we should have just let them fail. this company will probably take a very very long time to repay the bailout and get it’s shares back from the gov’t. this is twice the folks have gotten retention and bonuses based on bad performance. this is where shareholders should be looking at these contracts that are being signed for these top exec’s. we keep talking about exec’s and bonuses, what about the folks that actually are doing the work (the peons). if the exec’s are getting bonuses, are they passing this to the lower end? afterall, are they not doing most of the work and get less credit for it!
again, most of us probably thinks this company and all of it’s problems should just go away.
don’t forget that most of the insurance subsidiaries had nothing to do with the credit default swaps and the resulting fiasco. if I was the manager of a profitable subsidiary, and had a contract that stated I would get paid a bonus if my department “did good” then I might expect to get it – – – -.
I love that AIG is paying out bonuses, why? Because this goes to show you that the government can’t keep bailing out companies and trying to control their actions. The Obama adminstration wants their hands in EVERYTHING and clearly that isn’t working. Capitalism requires companys to fail and others to succeed. As much as the government is wanting to control the private sector they can’t. Until they realize that, they are going to keep making the same mistakes and further delaying an economic recovery.
Why shouldn’t they get bonuses? If you’re running a company and you take it into the ground, but yet people hand you over billions of dollars for what you did, that’s success!! In all of our lives, have you ever heard of destroying a business, yet getting paid millions of dollars? No! These people are geniuses to get Washington to GIVE them money for nothing. I say better yet, let’s just send them a $100 bill printing press so they can just keep printing their own money. Sarcasm…what else do we have at this point?
Perverse Greed, have they no shame ? some of these people receive over 10 million dollars per year. Working 50 weeks @ 40 hours it is equivalent to $5000.00 per hour or $83.33 per minute. When enriching themselves, they made a big mess which we the citizen have to pay. Ironically they would have nothing to invest in if we the citizen did not work every day.Tell me what these people have done to better the economy for all of us. No bonus
It’s obvious that this thread is primarily being followed by liberals who support capping pay, probably also primarily Obama supporters.
Shareholders REALLY LOSE VALUE when all the personnel goes to the competitor…..these individuals receiving bonuses probably had nothing to do with Credit Default Swaps.
The government and AIG both are just doing what they want with our money and disregarding the taxpayers wishes. I’ve heard chanting at the recent tea parties “throw the bums out”. Maybe we should listen and do just that. Let’s see what the government decides this time around. And let’s take it to the voting booths.
While I agree, and plan to, fire every congressperson who voted for the “stimulus”, the “house energy bill” and the soon to be “healthcare reform” disaster, those democrats have nothing to do with the paycheck of the poor schmuck who is unlucky enough to still work at AIG. Trust me, they’re trying to find another job. But they’re doing their job in the meanwhile, and congress should have NOTHING TO DO WITH THEIR PAYCHECK.
NO what part of my comment do you not understand???? I owne a ind agency and think AIG is now and has always been all smoke an mirrors. It had to fail when they let the ring master go… And goodby to him… Maybe the Gov will help all of the ind agents when AIG is done shrinking our accounts…
Perhaps it was all of your typos that confused me….I see now you’re griping that AIG’s rates are undercut, and I agree they always were and still are…..I don’t think there’s any law against cheap premiums, and if the insurance side is profitable, well so be it.
However, what does that have to do with you, or your employees not getting raises?
please excuse my typos in my haste to respond, I thought we were trying to have an intellectual conversation not just a smart—*** commentary. It is obvious that you are incapable of same, therefore I would not waste my time further with you. what is most frightening is people like you usually don’t have a pot or window to throw it out of.
None of your comments have been intellectual conversation. They look to be primarily sarcastic to me. Bet your employees are thrilled at the reason you gave them for no raise! I gave out raises, because we don’t make excuses for failure in my office.
Perhaps a read of this article will help all those who still blindly comment on the one line of info in the press. http://www.vanityfair.com/politics/features/2009/08/aig200908
And how much profit did the insurance industry make in the first quarter?
AIG (arrogant, ignorant, and greedy)just doesn’t get it. The “entitlement” attitude in American business is sickening. Nobody HAS TO PAY BONUSES, particularly when the parent company crashed and burned. If you’re in for a penny, you’re in for a pound. These people made a lot of money when things were good. Just because things (internally and globally) are bad they don’t deserve to make the same level of compensation. This is a systemic flaw in business. People lack the concept of “earn”, all they know is “I Want”. What are these “top managers” going to do if they don’t get their bonus? Quit? I doubt they could replace their inflated salaries elsewhere in this economy. They should feel the pain like everyone else. I work in a business unit (un-related to the financial products division) that was profitable in 2008. In spite of hitting all my objectives, I received a 1% annual increase because of the “bad economy”. Apparently there are two standards in business: one for the higher ups, and one for those who do the work. This sucks!
Here we go again. I guess they failed to get the message the first time. I agree wtih Carl. If AIG truly cared about its employees, it would begin by rewarding the hard-working staffers this time around instead of the greedy, plundering executives who apparently do not know how to discreetly spend their ill-gotten gain without drawing attention to themselves. It looks like the “me, me, me” syndrome continues post-Bush era.
What a bunch of whiners. I didn’t get a raise or a bonus this year but I don’t begrudge those who did. My employment agreement doesn’t promise me a bonus no matter what-others do have that guarantee so they do get their bonuses. If you want to work in the rarified atmosphere of senior executives, work towards that kind of a job. Otherwise, please shut up.
Of course I don’t object to AIG again giving my money as bonuses to executives who have not accomplished the mission. AIG was broke so that as a taxpayer, it is my money and yours dear reader that is being paid out. And for which our sons and daughters for generations will be paying.
And I also dont worry about the billions that are being paid from the U.S. Treasury by the evidently brilliant and beyond reproach Financial Division to counterparties with no government supervision.
This is still happening while the government can’t decide who regulates derivitives. Could the delaying tactic be deliberate or just bureaucratic incompetence?
Does the Alfred E. Smith cartoon “What me worry?” slogan sound familiar? Maybe we are all cartoons and this really isn’t taking place. It all staggers the imagination.
well, most folks don’t realize that AIG is more than an insurance company. many of you know they have changed the insurance to 21st century and then sold it to farmers. many folks are upset w/the changing the name and then being sold. the gov’t does need to stay out of being in the business. holding stocks is not the true way of change. allowing things to fail is! we are all human and we make errors. sometimes errors can hurt quite a bit. it will definately affect some people and in some case many. but life is not perfect, we tend to think we can fix everything including the gov’t. in fact, i think we need to fix that by removing some of the old geezers. how many times do these same folks need to be in office and can’t get it right? we thought business upper management is bad, why not these? afterall, are we not in debt ourselves? can we get out of it? no, congress seems to always give themselves a payraise. so from one debt to another and deeper we go.
How in the wolrd can we tax payers agree to pay bonuses to a failed company that we have bailed out. If you aren’t making money for the company you sure as sam hell shouldn’t be getting any bonus. That money should be going back to the tax payers who bailed you out in the first place!
why?! afterall, they still have not become profitable. since the gov’t has a stake in this company. now, we should have looked at the books BEFORE we decided to bail them out. i think we should have just let them fail. this company will probably take a very very long time to repay the bailout and get it’s shares back from the gov’t. this is twice the folks have gotten retention and bonuses based on bad performance. this is where shareholders should be looking at these contracts that are being signed for these top exec’s. we keep talking about exec’s and bonuses, what about the folks that actually are doing the work (the peons). if the exec’s are getting bonuses, are they passing this to the lower end? afterall, are they not doing most of the work and get less credit for it!
again, most of us probably thinks this company and all of it’s problems should just go away.
there were reports that AIG had zero equity?
Wudchuck should go away
Wudchuck, hit the road!
don’t forget that most of the insurance subsidiaries had nothing to do with the credit default swaps and the resulting fiasco. if I was the manager of a profitable subsidiary, and had a contract that stated I would get paid a bonus if my department “did good” then I might expect to get it – – – -.
Sooner the better!
Another blow for the shareholders who lost almost everything.
Your out of here wudchuck
I love that AIG is paying out bonuses, why? Because this goes to show you that the government can’t keep bailing out companies and trying to control their actions. The Obama adminstration wants their hands in EVERYTHING and clearly that isn’t working. Capitalism requires companys to fail and others to succeed. As much as the government is wanting to control the private sector they can’t. Until they realize that, they are going to keep making the same mistakes and further delaying an economic recovery.
Why shouldn’t they get bonuses? If you’re running a company and you take it into the ground, but yet people hand you over billions of dollars for what you did, that’s success!! In all of our lives, have you ever heard of destroying a business, yet getting paid millions of dollars? No! These people are geniuses to get Washington to GIVE them money for nothing. I say better yet, let’s just send them a $100 bill printing press so they can just keep printing their own money. Sarcasm…what else do we have at this point?
Amen!! Policyman for President!!
Perverse Greed, have they no shame ? some of these people receive over 10 million dollars per year. Working 50 weeks @ 40 hours it is equivalent to $5000.00 per hour or $83.33 per minute. When enriching themselves, they made a big mess which we the citizen have to pay. Ironically they would have nothing to invest in if we the citizen did not work every day.Tell me what these people have done to better the economy for all of us. No bonus
It’s obvious that this thread is primarily being followed by liberals who support capping pay, probably also primarily Obama supporters.
Shareholders REALLY LOSE VALUE when all the personnel goes to the competitor…..these individuals receiving bonuses probably had nothing to do with Credit Default Swaps.
Pay up! Pay for performance!
Maybe one of you would like to expline to my 45 emp why they got no raises this year. Also why AIG is still giving out guotes that are ——- crazy….
Curious………..
The government and AIG both are just doing what they want with our money and disregarding the taxpayers wishes. I’ve heard chanting at the recent tea parties “throw the bums out”. Maybe we should listen and do just that. Let’s see what the government decides this time around. And let’s take it to the voting booths.
While I agree, and plan to, fire every congressperson who voted for the “stimulus”, the “house energy bill” and the soon to be “healthcare reform” disaster, those democrats have nothing to do with the paycheck of the poor schmuck who is unlucky enough to still work at AIG. Trust me, they’re trying to find another job. But they’re doing their job in the meanwhile, and congress should have NOTHING TO DO WITH THEIR PAYCHECK.
NO what part of my comment do you not understand???? I owne a ind agency and think AIG is now and has always been all smoke an mirrors. It had to fail when they let the ring master go… And goodby to him… Maybe the Gov will help all of the ind agents when AIG is done shrinking our accounts…
Perhaps it was all of your typos that confused me….I see now you’re griping that AIG’s rates are undercut, and I agree they always were and still are…..I don’t think there’s any law against cheap premiums, and if the insurance side is profitable, well so be it.
However, what does that have to do with you, or your employees not getting raises?
And exactly what type of “help” do you need?
please excuse my typos in my haste to respond, I thought we were trying to have an intellectual conversation not just a smart—*** commentary. It is obvious that you are incapable of same, therefore I would not waste my time further with you. what is most frightening is people like you usually don’t have a pot or window to throw it out of.
None of your comments have been intellectual conversation. They look to be primarily sarcastic to me. Bet your employees are thrilled at the reason you gave them for no raise! I gave out raises, because we don’t make excuses for failure in my office.
You are just not worth anyones time GOOODBYE I am sure Headlines is the Highlite oF your VERY NON-PRODUCTIVE DAY..
Perhaps a read of this article will help all those who still blindly comment on the one line of info in the press.
http://www.vanityfair.com/politics/features/2009/08/aig200908
And how much profit did the insurance industry make in the first quarter?
AIG (arrogant, ignorant, and greedy)just doesn’t get it. The “entitlement” attitude in American business is sickening. Nobody HAS TO PAY BONUSES, particularly when the parent company crashed and burned. If you’re in for a penny, you’re in for a pound. These people made a lot of money when things were good. Just because things (internally and globally) are bad they don’t deserve to make the same level of compensation. This is a systemic flaw in business. People lack the concept of “earn”, all they know is “I Want”. What are these “top managers” going to do if they don’t get their bonus? Quit? I doubt they could replace their inflated salaries elsewhere in this economy. They should feel the pain like everyone else. I work in a business unit (un-related to the financial products division) that was profitable in 2008. In spite of hitting all my objectives, I received a 1% annual increase because of the “bad economy”. Apparently there are two standards in business: one for the higher ups, and one for those who do the work. This sucks!
Here we go again. I guess they failed to get the message the first time. I agree wtih Carl. If AIG truly cared about its employees, it would begin by rewarding the hard-working staffers this time around instead of the greedy, plundering executives who apparently do not know how to discreetly spend their ill-gotten gain without drawing attention to themselves. It looks like the “me, me, me” syndrome continues post-Bush era.
What a bunch of whiners. I didn’t get a raise or a bonus this year but I don’t begrudge those who did. My employment agreement doesn’t promise me a bonus no matter what-others do have that guarantee so they do get their bonuses. If you want to work in the rarified atmosphere of senior executives, work towards that kind of a job. Otherwise, please shut up.
Of course I don’t object to AIG again giving my money as bonuses to executives who have not accomplished the mission. AIG was broke so that as a taxpayer, it is my money and yours dear reader that is being paid out. And for which our sons and daughters for generations will be paying.
And I also dont worry about the billions that are being paid from the U.S. Treasury by the evidently brilliant and beyond reproach Financial Division to counterparties with no government supervision.
This is still happening while the government can’t decide who regulates derivitives. Could the delaying tactic be deliberate or just bureaucratic incompetence?
Does the Alfred E. Smith cartoon “What me worry?” slogan sound familiar? Maybe we are all cartoons and this really isn’t taking place. It all staggers the imagination.
well, most folks don’t realize that AIG is more than an insurance company. many of you know they have changed the insurance to 21st century and then sold it to farmers. many folks are upset w/the changing the name and then being sold. the gov’t does need to stay out of being in the business. holding stocks is not the true way of change. allowing things to fail is! we are all human and we make errors. sometimes errors can hurt quite a bit. it will definately affect some people and in some case many. but life is not perfect, we tend to think we can fix everything including the gov’t. in fact, i think we need to fix that by removing some of the old geezers. how many times do these same folks need to be in office and can’t get it right? we thought business upper management is bad, why not these? afterall, are we not in debt ourselves? can we get out of it? no, congress seems to always give themselves a payraise. so from one debt to another and deeper we go.
makes perect sense; AIG can’t risk losing
all that managerial talent that led the company into financial ruin.
How in the wolrd can we tax payers agree to pay bonuses to a failed company that we have bailed out. If you aren’t making money for the company you sure as sam hell shouldn’t be getting any bonus. That money should be going back to the tax payers who bailed you out in the first place!