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Thread: A.I.G. Planning $165 Million in Bonuses After Huge Bailout

  1. #21
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    Re: A.I.G. Planning $165 Million in Bonuses After Huge Bailout

    Quote Originally Posted by Joby View Post
    He already does.

    It's right under the part that gives him the authority to give billions of taxpayer dollars to private corporations. That is, give them billions for doing us no other service than fail miserably.
    Really? That your own personal opinion or do you have a source? .... thought so.



    So do you not live in the US or do you not pay taxes?
    What does paying taxes have to do with having to live under marshal law?

    Where one lives can be easily changed. Now, citizenship? That's another matter.

  2. #22
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    Re: A.I.G. Planning $165 Million in Bonuses After Huge Bailout

    Quote Originally Posted by jujuman13 View Post
    As I understand the situation, AIG is paying 'bonus's' already contracted for 2008, it is a legal requirement that these be paid.
    I have read that the top six executives currently running AIG have refused to accept these 2008 Bonus's.
    It is also my understanding that 2009 Bonus's will be decided at a later date.
    Damn. Couldn't you have held off for a day or three. The gnashing of teeth has been so entertaining. Especially from those willing to have the rule of law ignored just so they would feel better.

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    Re: A.I.G. Planning $165 Million in Bonuses After Huge Bailout

    Didn't Obammy put a ceiling on bank CEO's salaries to the tune of $500,000?
    So how does he not go after this with both sleeves rolled up? Is there anyone out there that believes the democrats did NOT know this was coming after dumping bilions of our tax dollars on these gangsters? Obammy has two faces andlike his buddy Biden will say anything to make himself look good. Recall, he got elected because of what he "said" not becasue of his achievements.
    It's nothing more than X's and O's.

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    Re: A.I.G. planning huge bonuses after $170 billion bailout

    Quote Originally Posted by WillRockwell View Post
    All of those AIG executives are Republicans




    can you the "centrist" back this up?


    I suspect the answer is "no" as usual.
    Let evil swiftly befall those who have wrongly condemned us

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    Re: A.I.G. planning huge bonuses after $170 billion bailout

    AIG is at .50 a share....


    Hmm.... do I throw a couple bucks at it? Chevy and ford have been real good to me the last couple of days....
    Let evil swiftly befall those who have wrongly condemned us

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    Re: A.I.G. Planning $165 Million in Bonuses After Huge Bailout

    Quote Originally Posted by jujuman13 View Post
    As I understand the situation, AIG is paying 'bonus's' already contracted for 2008, it is a legal requirement that these be paid.
    I have read that the top six executives currently running AIG have refused to accept these 2008 Bonus's.
    It is also my understanding that 2009 Bonus's will be decided at a later date.
    And do those legal contracts make any reference to profits or performance? Do those legal contracts make reference to receiving bonuses when a company receives bailouts?

    Just because the requirement exists under contract law does not mean that the right cannot be abrogated by statute or alternately, contract law jurisprudence may develop and state that performance of such contractual obligations, when a company has received huge bailouts is contrary to public policy. The rule of law has a habit of adapting to the repugnant, unsavory and inequitable. Anyone remember contract law in relation to killing a person, or how about privity in relation to the enforcement of third parties indemnity cover?.......

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    Re: A.I.G. Planning $165 Million in Bonuses After Huge Bailout

    Quote Originally Posted by rhinefire View Post
    Didn't Obammy put a ceiling on bank CEO's salaries to the tune of $500,000?
    So how does he not go after this with both sleeves rolled up? Is there anyone out there that believes the democrats did NOT know this was coming after dumping bilions of our tax dollars on these gangsters? Obammy has two faces andlike his buddy Biden will say anything to make himself look good. Recall, he got elected because of what he "said" not becasue of his achievements.
    I've not paid real close attentioin to this but I don't think AIG is a bank. They are an insurance company. I believe some of their units insure a lot of home mortgages and other bank products.

    The government has declared them too big to fail. If that is true, the government is going to have to keep throwing money at them no matter what they do.

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    Re: A.I.G. Planning $165 Million in Bonuses After Huge Bailout

    Quote Originally Posted by Australianlibertarian View Post
    And do those legal contracts make any reference to profits or performance? Do those legal contracts make reference to receiving bonuses when a company receives bailouts?

    Just because the requirement exists under contract law does not mean that the right cannot be abrogated by statute or alternately, contract law jurisprudence may develop and state that performance of such contractual obligations, when a company has received huge bailouts is contrary to public policy. The rule of law has a habit of adapting to the repugnant, unsavory and inequitable. Anyone remember contract law in relation to killing a person, or how about privity in relation to the enforcement of third parties indemnity cover?.......
    You might want to take a look at the the US Constitution. I think there is something in there about making a law to cover past events.

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    Re: A.I.G. Planning $165 Million in Bonuses After Huge Bailout

    Quote Originally Posted by Australianlibertarian View Post
    And do those legal contracts make any reference to profits or performance? Do those legal contracts make reference to receiving bonuses when a company receives bailouts?
    See, this is what gets me. I was always under the presumption that workers got bonuses for doing a good job. Since when does incompetence justify a bonus? In a normal world, I would think there should be some contractual reference to success, but it does seems that they are automatically awarded no matter how poorly they are performing.
    No men are anywhere, and Im allowed to go in, because Im the owner of the pageant and therefore Im inspecting it, Trump said... Is everyone OK? You know, theyre standing there with no clothes. Is everybody OK? And you see these incredible looking women, and so I sort of get away with things like that.

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    Re: A.I.G. Planning $165 Million in Bonuses After Huge Bailout

    Quote Originally Posted by Middleground View Post
    See, this is what gets me. I was always under the presumption that workers got bonuses for doing a good job. Since when does incompetence justify a bonus? In a normal world, I would think there should be some contractual reference to success, but it does seems that they are automatically awarded no matter how poorly they are performing.
    If you are still talking about AIG, you might want to check out who got the bonuses and the reason they were given.

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