When is somebody in this country going to have the balls to stand up and scream ENOUGH OF THIS BULLSHI-T? Any company that failed and required a taxpayer bailout has no business rewarding anyone for such galactic disasters. All bets (and compensation contracts) are off when your company tanks. Where is the federal oversight of boards of directors who provide compensation “contracts” that aren’t tied to personal and company performance? People need to start getting passionate about this because this incestuous rats next called “financial products industry” is acting with impugnity and NOBODY is doing anything about it. NOBODY deserves nor needs a single year bonus of $100,000,000. It’s freakin’insane and out of control. What’s it going to take to clamp down on these idiots?
So long as none of the bailout money was used for this business unit or the riduculous and un-conscienable bonus, I suppose it doesn’t matter. The real issue is the latter. $100,000,000 for one year’s “work” is inappropriate by any standard. NOBODY deserves or needs that amount of money for a single year’s work. I’d like to know what this clown made in prior years when maybe his units performance wasn’t so great. Admit it…….this blows reall hard.
Bonuses and executive compensation are paid according to how well the individual’s performance; not to keep them around. If these companies pay executives based on past performance, they should be taking money back from the executives for their very poor decisions. I’m sure the contract states it is based on their performance and how well the company is doing….these companies did NOT do well. No compensation. The money should go to pay back the government.
The $100M is outrageous, however the entity he works for also had record numbers in 2008 and is headed for the moon this year. You are asking about personal and company performance, well from a personal standpoint the guy exceeded the expectation; from a corporate standpoint, his unit hit the cover off the ball and they shouldn’t be penalized for the poor decisions of the investors responsible for the CDS.
I don’t agree with the $100M but the guy deserves something. People have been very quick to say if the company fails then everyone fails. What about the guys that do a great job, post good results, and add to the bottom line? Why don’t they deserve a bonus? Put yourselves in their shoes for a minute…why would you continue to work for a place that doesn’t reward you for outstanding performance, both as a person and as a business unit.
100 million to one person is absurd in anyone’s eyes ‘cept the person getting the $
When is somebody in this country going to have the balls to stand up and scream ENOUGH OF THIS BULLSHI-T? Any company that failed and required a taxpayer bailout has no business rewarding anyone for such galactic disasters. All bets (and compensation contracts) are off when your company tanks. Where is the federal oversight of boards of directors who provide compensation “contracts” that aren’t tied to personal and company performance? People need to start getting passionate about this because this incestuous rats next called “financial products industry” is acting with impugnity and NOBODY is doing anything about it. NOBODY deserves nor needs a single year bonus of $100,000,000. It’s freakin’insane and out of control. What’s it going to take to clamp down on these idiots?
So long as none of the bailout money was used for this business unit or the riduculous and un-conscienable bonus, I suppose it doesn’t matter. The real issue is the latter. $100,000,000 for one year’s “work” is inappropriate by any standard. NOBODY deserves or needs that amount of money for a single year’s work. I’d like to know what this clown made in prior years when maybe his units performance wasn’t so great. Admit it…….this blows reall hard.
Bonuses and executive compensation are paid according to how well the individual’s performance; not to keep them around. If these companies pay executives based on past performance, they should be taking money back from the executives for their very poor decisions. I’m sure the contract states it is based on their performance and how well the company is doing….these companies did NOT do well. No compensation. The money should go to pay back the government.
The $100M is outrageous, however the entity he works for also had record numbers in 2008 and is headed for the moon this year. You are asking about personal and company performance, well from a personal standpoint the guy exceeded the expectation; from a corporate standpoint, his unit hit the cover off the ball and they shouldn’t be penalized for the poor decisions of the investors responsible for the CDS.
I don’t agree with the $100M but the guy deserves something. People have been very quick to say if the company fails then everyone fails. What about the guys that do a great job, post good results, and add to the bottom line? Why don’t they deserve a bonus? Put yourselves in their shoes for a minute…why would you continue to work for a place that doesn’t reward you for outstanding performance, both as a person and as a business unit.