Comments on: AIG pays out huge bonuses but plan to scale back in future http://chattahbox.com/business/2009/03/15/aig-pays-out-huge-bonuses-but-plan-to-scale-back-in-future/ When There's News, Get Ready For Lots Of Chattah! Thu, 10 May 2012 19:07:36 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Lorne http://chattahbox.com/business/2009/03/15/aig-pays-out-huge-bonuses-but-plan-to-scale-back-in-future/comment-page-1/#comment-28870 Lorne Sun, 15 Mar 2009 23:50:50 +0000 http://chattahbox.com/?p=5436#comment-28870 This is the result, when owners and managers are completely different people with no mutual bounds. AIG was one of the most respected insurers, but now, they are doing their best to destroy even the last remains of some reputation. And reputation is extremely important in insurance business, it will take decades to restore it. Luckily, Canadian branch of AIG was sold recently... This is the result, when owners and managers are completely different people with no mutual bounds. AIG was one of the most respected insurers, but now, they are doing their best to destroy even the last remains of some reputation. And reputation is extremely important in insurance business, it will take decades to restore it. Luckily, Canadian branch of AIG was sold recently…

]]> By: PJF http://chattahbox.com/business/2009/03/15/aig-pays-out-huge-bonuses-but-plan-to-scale-back-in-future/comment-page-1/#comment-28868 PJF Sun, 15 Mar 2009 21:40:10 +0000 http://chattahbox.com/?p=5436#comment-28868 Not only would I demand the $ back but fire the whole top management of that company. No golden parachutes, no nothing for them. Not only would I demand the $ back but fire the whole top management of that company. No golden parachutes, no nothing for them.

]]> By: Pam Raby http://chattahbox.com/business/2009/03/15/aig-pays-out-huge-bonuses-but-plan-to-scale-back-in-future/comment-page-1/#comment-28867 Pam Raby Sun, 15 Mar 2009 21:38:56 +0000 http://chattahbox.com/?p=5436#comment-28867 Are you also outraged by the AIG bonus payments? Let their board know: boardofdirectors@aig.com Are you also outraged by the AIG bonus payments? Let their board know:
boardofdirectors@aig.com

]]> By: Dariel http://chattahbox.com/business/2009/03/15/aig-pays-out-huge-bonuses-but-plan-to-scale-back-in-future/comment-page-1/#comment-28866 Dariel Sun, 15 Mar 2009 20:49:31 +0000 http://chattahbox.com/?p=5436#comment-28866 It would be nice if Congress would fix this scam, but who do you think owns our representitives? If I the congressional capacity, I would be screeming at the top of my lungs to the Americam people about which Congress Reps were not behind me. Unusual Little Ross Perot said it the best, "make them accountable". They allowed it to happen. It would be nice if Congress would fix this scam, but who do you think owns our representitives? If I the congressional capacity, I would be screeming at the top of my lungs to the Americam people about which Congress Reps were not behind me. Unusual Little Ross Perot said it the best, “make them accountable”. They allowed it to happen.

]]> By: GivemyMoneyBack http://chattahbox.com/business/2009/03/15/aig-pays-out-huge-bonuses-but-plan-to-scale-back-in-future/comment-page-1/#comment-28863 GivemyMoneyBack Sun, 15 Mar 2009 20:07:08 +0000 http://chattahbox.com/?p=5436#comment-28863 I think those who accept the bonuses should be convicted of theft from the public and assessed the death penalty immediately. I dont want my money robbed. The govt should send out death squads to get rid of those people who accept them. Each individual due bonuses can always refuse knowing the situation, and if they refuse, they are outright stealing from us. We have the right to get rid of theives, especially on that grand of a scale. I think those who accept the bonuses should be convicted of theft from the public and assessed the death penalty immediately. I dont want my money robbed. The govt should send out death squads to get rid of those people who accept them. Each individual due bonuses can always refuse knowing the situation, and if they refuse, they are outright stealing from us. We have the right to get rid of theives, especially on that grand of a scale.

]]> By: Dan Bishop http://chattahbox.com/business/2009/03/15/aig-pays-out-huge-bonuses-but-plan-to-scale-back-in-future/comment-page-1/#comment-28862 Dan Bishop Sun, 15 Mar 2009 19:34:17 +0000 http://chattahbox.com/?p=5436#comment-28862 Congress can fix this with legislation and should do so immediately. Among points to be included for all companies taking government monies (until fully repaid): 1. All salaries reduced by 10% across the board and frozen at that level. 2. Staffing frozen at current levels. 3. No bonuses for management (highest 20% of salaries + benefits). 4. Bonus monies capped at 2% of salary for the top 21 to 50% of salary + benefits earners. 5. Bonus monies capped at 4% for lowest 50% of earners. Bailout money is the equivalent of bankruptcy but allows the company to continue operations. It is a myth that those that work there will flee their jobs if these bonuses are not paid. In that industry, they know they are extremely lucky to have jobs. Congress can fix this with legislation and should do so immediately. Among points to be included for all companies taking government monies (until fully repaid):
1. All salaries reduced by 10% across the board and frozen at that level.
2. Staffing frozen at current levels.
3. No bonuses for management (highest 20% of salaries + benefits).
4. Bonus monies capped at 2% of salary for the top 21 to 50% of salary + benefits earners.
5. Bonus monies capped at 4% for lowest 50% of earners.

Bailout money is the equivalent of bankruptcy but allows the company to continue operations. It is a myth that those that work there will flee their jobs if these bonuses are not paid. In that industry, they know they are extremely lucky to have jobs.

]]> By: Caroline http://chattahbox.com/business/2009/03/15/aig-pays-out-huge-bonuses-but-plan-to-scale-back-in-future/comment-page-1/#comment-28860 Caroline Sun, 15 Mar 2009 19:01:08 +0000 http://chattahbox.com/?p=5436#comment-28860 I am so mad I can't see straight. I am so tired of giving these fools our money to waste. Let them go bankrupt like they deserve or let them get rid of all these bozos they think need bonuses. It's time for those folks to find out what not having a job means . I am so mad I can’t see straight. I am so tired of giving these fools our money to waste. Let them go bankrupt like they deserve or let them get rid of all these bozos they think need bonuses. It’s time for those folks to find out what not having a job means .

]]> By: gerry power http://chattahbox.com/business/2009/03/15/aig-pays-out-huge-bonuses-but-plan-to-scale-back-in-future/comment-page-1/#comment-28859 gerry power Sun, 15 Mar 2009 18:54:45 +0000 http://chattahbox.com/?p=5436#comment-28859 They have allowed the foxes to look after the chicken coop. Instead of getting rid of the foxes, they got more chickens. Only in America. They have allowed the foxes to look after the chicken coop. Instead of getting rid of the foxes, they got more chickens. Only in America.

]]> By: Ivan http://chattahbox.com/business/2009/03/15/aig-pays-out-huge-bonuses-but-plan-to-scale-back-in-future/comment-page-1/#comment-28858 Ivan Sun, 15 Mar 2009 18:38:47 +0000 http://chattahbox.com/?p=5436#comment-28858 Rewards for criminal activities is now officially the American way, folks. From the chimp, cheney and that gang getting away with murder + billions of dollars from the illegal war in Iraq to the greedy monsters who ruined America's economy., we are witnessing crooked capitalism run amuck. Poor Mr. Obama! I know you are up against more morons who are around even now, who fail to be even slightly contrite, yet stand in the way of our first real chance to forge ahead and rebuild what was almost lost. Godspeed, Sir! Rewards for criminal activities is now officially the American way, folks. From the chimp, cheney and that gang getting away with murder + billions of dollars from the illegal war in Iraq to the greedy monsters who ruined America’s economy., we are witnessing crooked capitalism run amuck.
Poor Mr. Obama! I know you are up against more morons who are around even now, who fail to be even slightly contrite, yet stand in the way of our first real chance to forge ahead and rebuild what was almost lost.
Godspeed, Sir!

]]> By: Becky http://chattahbox.com/business/2009/03/15/aig-pays-out-huge-bonuses-but-plan-to-scale-back-in-future/comment-page-1/#comment-28857 Becky Sun, 15 Mar 2009 18:22:21 +0000 http://chattahbox.com/?p=5436#comment-28857 K.I.S.S. Keep it simple stupid - There is always more than one way to skin a cat. If the bonus makers are not willing to forego their bonuses - which would be the American thing to do - then our government should deduct the amount of millions from the bail out amount. AIG can't have it both ways. Contracts be damned. We're talking about fairness. Those operatives who think they've earned their bonuses are living in la-la land and should be in jail - not in the drivers seat. K.I.S.S. Keep it simple stupid – There is always more than one way to skin a cat. If the bonus makers are not willing to forego their bonuses – which would be the American thing to do – then our government should deduct the amount of millions from the bail out amount. AIG can’t have it both ways. Contracts be damned. We’re talking about fairness. Those operatives who think they’ve earned their bonuses are living in la-la land and should be in jail – not in the drivers seat.

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