You can speak legally all you want... I'll call it what it is. Anyone that needs to shield their morality (or lack thereof) behind a law, has no morality worth speaking of. Law is not morality... it's justice... and there is an ocean of difference. It is the definition of arrogant and aloof. Again, I call it what it is.
Morality is subjective and useless without consensus. Thus law is what is acceptable to the "majority" of people and those we trust to define it.
Meaning the people find that law or way of business is morally okay.
Law doesn't equal Justice. Law only equals what is morally acceptable at that very moment in time. All you have to do is look at Civil Rights, Human Rights and such to see this.
These were all stock options. Part of a BONUS package. They invested NOTHING.
I never said they invested anything. Stock Options are payment packages. Bonuses aren't this or that. Most bonuses are given despite performance. These aren't bonuses but rather total salary. It's bit of a black art of figure out what's a real bonus and what's described as a bonus do to legalese. Couple of examples:
You can have incentive pay that a CEO is given short term goals to reach by the Board. It's not a "bonus" but it's counted as a bonus because it's only paid when those goals are reached.
or
You can have incentive pay based on long term goals. These types of bonuses are stock awards and option awards.
GM's Daniel Akerson and Edward Whitarce took their positions after Bankruptcy. They had certain goals given to them by US Government and the Board. They met those goals. So they got stock options (it's know as stock salary) as incentive pay. That put their salaries for the year around $9 million.
Now, the new conservative bat to swing is "merit". Let people get payed according to their merit. These are not victims, they are the primary reason the stock lost 90% of it's value... and even then they cashed in. I can't think of a better award for that merit than to lose all of it. And guess what? Now they get reissued stock worth only 1% less than the former issues peek. Pretty freakin sweet deal if you ask me.
First off.. GM cleaned house of it's top executives during bankruptcy. So the people getting issued stock salary weren't there in 2000-2008. But you can try and blur the lines.
I never said they were victims and secondly, I never said anything about merit. I am talking about performance and stock salary (which is salary, not a bonus). I have no problem with them losing it all just as long as you think everybody in the company should as well.
1st in bold... is this legalese? Second.... are you high? What kind of grammar is that?
Nah, my screw up.. I was dog tired by the time I got to this crap.
You're a eugenicist aren't you?
Nah, I am not a liberal. :lol:
Tell you what... let's spare them the agony of burning alive first... then let them decide from there.
You can save them from agony many different ways then saving them. Lame horses are put down all the time. Pets are euthanized and in some states it's legal in the US for Doctor's to give drugs to patients to kill themselves. Doctors also have to respect the wishes of people who have DNRs or a family's wish to pull the plug (so to speak).
So "saving" is subjective.