Rich keep getting richer. NO LUBE used on the 700 billion dollar bailout.

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LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: dmcowen674
Originally posted by: K1052
Originally posted by: dmcowen674
Originally posted by: K1052
Taxpayers actually stand to make money from the AIG deal

I have a bridge for sale for you too

You are wrong with such frightening consistency I'm surprised you still have the gall to post in this forum.

Only in the eyes of rich Republicans

Only idiots agree with you on anything more than 1% of your posts in P&N or even these days, ATOT.
 

OrByte

Diamond Member
Jul 21, 2000
9,303
144
106
Originally posted by: K1052
Originally posted by: OrByte
Originally posted by: K1052
Taxpayers actually stand to make money from the AIG deal if the company is kept alive long enough to sell off most of its businesses in an orderly fashion. Not to mention the tiny benefits of not adding a hundred thousand additional people to the unemployment rolls and consequent loss of tax revenues.

at the end of the day I hope that it all plays out like you and LegendKiller say it will.

If there is a plan out there lets hope it works. In the meantime stories like the OP piss me off and I am not going to apologize for it just because we are being told it is for the good of the economy.

A wallstreet millionaire is getting a million dollar "retention payment" and somehow I am supposed to be happy for him?

I was raised with my dads mentality which was you do the best job you can because if you dont there are 100 people right behind you waiting to do your job for you. That doesn't jive with AIG bribing people to stay and work for them, not in my book.

No, you're supposed to be happy the company's management is doing it's best to maintain profitability and thus will be able to repay the government loans.

You can't just take a guy off the street and say "Hey, you've got zero experience or training in managing/selling billions of dollars worth of insurance lines or investments but you're cheaper than the last guy so you're hired".

you've created a false dilemma in the bolded. No one is arguing that position.

And if I had faith that AIG was doing its best then I guess it would matter. But they are in the position because of their own actions probably because they tried the "best" they can

I think its a little late for that. You see AIG doing "the best they can" I see AIG doing business as usual.

I don't think I will ever agree with you.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: LegendKiller
Originally posted by: dmcowen674
Originally posted by: K1052
Originally posted by: dmcowen674
Originally posted by: K1052
Taxpayers actually stand to make money from the AIG deal

I have a bridge for sale for you too

You are wrong with such frightening consistency I'm surprised you still have the gall to post in this forum.

Only in the eyes of rich Republicans

Only idiots agree with you on anything more than 1% of your posts in P&N or even these days, ATOT.

One real American learning and becoming informed is all it takes.

Beware the snake oil these truly are the return of the days of the wild wild west.
 

StageLeft

No Lifer
Sep 29, 2000
70,150
5
0
Originally posted by: dmcowen674
Originally posted by: LegendKiller
Originally posted by: dmcowen674
Originally posted by: K1052
Originally posted by: dmcowen674
Originally posted by: K1052
Taxpayers actually stand to make money from the AIG deal

I have a bridge for sale for you too

You are wrong with such frightening consistency I'm surprised you still have the gall to post in this forum.

Only in the eyes of rich Republicans

Only idiots agree with you on anything more than 1% of your posts in P&N or even these days, ATOT.

One real American learning and becoming informed is all it takes.

Beware the snake oil these truly are the return of the days of the wild wild west.
Do you have health coverage?

 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: dmcowen674
Originally posted by: LegendKiller
Originally posted by: dmcowen674
Originally posted by: K1052
Originally posted by: dmcowen674
Originally posted by: K1052
Taxpayers actually stand to make money from the AIG deal

I have a bridge for sale for you too

You are wrong with such frightening consistency I'm surprised you still have the gall to post in this forum.

Only in the eyes of rich Republicans

Only idiots agree with you on anything more than 1% of your posts in P&N or even these days, ATOT.

One real American learning and becoming informed is all it takes.

Beware the snake oil these truly are the return of the days of the wild wild west.

Dave, you're not a real American. Real Americans don't act as stupid as you have in their real life. Those that do are called suckers, not victims, if it's happend multiple times. If you want those people to be "real Americans", then the Republicans aren't our biggest problem, you are.

You're a snake oil salesmen in the truest form. You spew trash through a forked tongue and have no real knowledge beyond what you read on the bottle. I do believe you are mentally ill, because even a snake oil salesmen who isn't doesn't actually believe what they are saying.
 

theeedude

Lifer
Feb 5, 2006
35,787
6,197
126
Why weren't the same Republicans who are willing to kill the big 3 over UAW compensation also willing to kill AIG over executive compensation?
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: dmcowen674
Originally posted by: LegendKiller

Dave, you're not a real American.

Did Obama win?

Mission Accomplished

Against all odds of having you as a supporter, yes he did win. You're as bad as the RPBs who flooded the internet with stupidity, thankfully the candidate wasn't as nutbar as the supporters and he won regardless of the negative attention.

With supporters like you, who needs enemies?
 
Nov 29, 2006
15,921
4,491
136
Originally posted by: BoomerD
I have no problem with a company paying performance bonuses or retention bonuses...with their own money, but ANY company that's on the "public dole" like AIG is should NOT be paying bonuses of any kind with the taxpayer's money...which is exactly what's going on here.

QFT
 

tk149

Diamond Member
Apr 3, 2002
7,253
1
0
"Retention payment"

The company has told 168 employees they'll receive between $92,500 and $4 million per individual if they stay with the company for one year

So does that mean anyone who accepted this payment signed a contract to pay it back in full plus interest, if they leave the company within one year? Were there any performance related requirements?

Especially the guy who got the $4 MILLION payment.

A better way to handle it would have been to tell people how much their minimum bonus would be at the end of 2009 or when their department was sold off. THAT would be a retention payment.

How many companies that are almost bankrupt give out bonuses to anybody (not counting CEO's)?

Employee retention is important, but with the flood of newly-unemployed people out there, I have trouble believing that retention is as big of a problem as AIG says it is.



 

Chunkee

Lifer
Jul 28, 2002
10,391
1
81
The 700 billion dollar bailout is a triple dip cluster fuck.

scew us out of investments.
borrow more money from us,
lend it out with earning more interest...

a great deal of dicksucking amongst corporate/political personnel... I SMELL R E V O L U T I O N
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: Chunkee
The 700 billion dollar bailout is a triple dip cluster fuck.

scew us out of investments.
borrow more money from us,
lend it out with earning more interest...

a great deal of dicksucking amongst corporate/political personnel... I SMELL R E V O L U T I O N

What investments were you screwed out of?
 

babylon5

Golden Member
Dec 11, 2000
1,363
1
0
Originally posted by: tk149
"Retention payment"

Employee retention is important, but with the flood of newly-unemployed people out there, I have trouble believing that retention is as big of a problem as AIG says it is.

QFT

 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: babylon5
Originally posted by: tk149
"Retention payment"

Employee retention is important, but with the flood of newly-unemployed people out there, I have trouble believing that retention is as big of a problem as AIG says it is.

QFT

Not very true, other companies are already poaching AIG's top talent. If you're making money you're going to get paid by AIG or another company. We just have to choose whether those people will deliver value to us and repay the AIG debt, or whether we'll just take a huge loss.
 

JS80

Lifer
Oct 24, 2005
26,271
7
81
Originally posted by: babylon5
Originally posted by: tk149
"Retention payment"

Employee retention is important, but with the flood of newly-unemployed people out there, I have trouble believing that retention is as big of a problem as AIG says it is.

QFT

I guess you missed this part:

In fact, the company says two of its top people just left this week, despite being offered big retention payments.
 

AlienCraft

Lifer
Nov 23, 2002
10,539
0
0
Originally posted by: JS80
Originally posted by: babylon5
Originally posted by: tk149
"Retention payment"

Employee retention is important, but with the flood of newly-unemployed people out there, I have trouble believing that retention is as big of a problem as AIG says it is.

QFT

I guess you missed this part:

In fact, the company says two of its top people just left this week, despite being offered big retention payments.
Since when does because they say it's so, make it so? :confused:
Answer: When you want to believe it's so. :D :laugh:
Perhaps that's a self serving statement designed to bolter their position without being directly attributable to anybody.

Are these the same talented bunch that cooked up Mortgage Backed Securities, Ratings Pumping, and Credit Default Swaps, leveraged everything beyond Industry Standard percentages, all on the come ????? If so, they can go too. There isn't one of us here ( I'm going out on a limb) that could run a scam like what they pulled without having our ears pinned back and hoisted on some flag pole somewhere. Well, that is to say unless it makes a LOT of money. ....
How about a little Ponzi Investments for a decade to the tune of $50BILLION..... He gets ONE count, not one per investor... ONE!! I would have been shot out back, when you rip off 50 billon , they buy you a beer.

Talented... not in the good son, First Place @ the Talent show, "hey-Ma-look-at-ME!" kinda way, but in the "Did you see whose boy was on the front page?" way....

It seems as if for all of the Sophisticated Financial Education Elitism, the smug indifference to fundamentals has blown back in their face. There will be plenty of empty commercial space for the mass hordes of homless to squat in. It'll be easier to enforce martial law that way. :Q
 

tk149

Diamond Member
Apr 3, 2002
7,253
1
0
Originally posted by: JS80
Originally posted by: babylon5
Originally posted by: tk149
"Retention payment"

Employee retention is important, but with the flood of newly-unemployed people out there, I have trouble believing that retention is as big of a problem as AIG says it is.

QFT

I guess you missed this part:

In fact, the company says two of its top people just left this week, despite being offered big retention payments.

No, I did read that. However, my interpretation was that two people out of the 168 were going to leave the company anyway, regardless of compensation. Maybe their bosses were a$$holes. Who knows why they really left? I don't necessarily believe everything somebody with an agenda says.

Oops, beat by Aliencraft.
 

ChunkiMunki

Senior member
Dec 21, 2001
449
0
0
hey if we don't give bonuses to the assholes who ruined the company, how can we expect this cream of the crop talent to make back the money they lost, plus our tax money we just gave them?c'mon! Then, we will be so "far in" that we can't stop, forever funding this scam with the hope of a big payoff at the end... . isn't this the Nigerian e-mail scam??

hey cream of the crop, indespensible, -cannot -replace- talent,... work without a bonus and fix your F-Up.
 

brandonbull

Diamond Member
May 3, 2005
6,365
1,223
126
Originally posted by: dmcowen674
Originally posted by: K1052
Taxpayers actually stand to make money from the AIG deal

I have a bridge for sale for you too

Isn't the money that's going to repay taxpayers coming from the taxpayers?

This "bailout" is another scam. Where does the interest money come from?
 

brandonbull

Diamond Member
May 3, 2005
6,365
1,223
126
Originally posted by: tk149
"Retention payment"

The company has told 168 employees they'll receive between $92,500 and $4 million per individual if they stay with the company for one year

So does that mean anyone who accepted this payment signed a contract to pay it back in full plus interest, if they leave the company within one year? Were there any performance related requirements?

Especially the guy who got the $4 MILLION payment.

A better way to handle it would have been to tell people how much their minimum bonus would be at the end of 2009 or when their department was sold off. THAT would be a retention payment.

How many companies that are almost bankrupt give out bonuses to anybody (not counting CEO's)?

Employee retention is important, but with the flood of newly-unemployed people out there, I have trouble believing that retention is as big of a problem as AIG says it is.

That's the problem with these assholes in the financial industry. They think it's ok to get a few % of billions of dollars so they expect millions of dollars and get pissed when they don't get a huge bonus. They need to limit how much money they can extort and bilk from people. Just because there is a huge pool of money doesn't mean you are entitled to a set % of it.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: ChunkiMunki
hey if we don't give bonuses to the assholes who ruined the company, how can we expect this cream of the crop talent to make back the money they lost, plus our tax money we just gave them?c'mon! Then, we will be so "far in" that we can't stop, forever funding this scam with the hope of a big payoff at the end... . isn't this the Nigerian e-mail scam??

hey cream of the crop, indespensible, -cannot -replace- talent,... work without a bonus and fix your F-Up.

It wasn't their fuckup.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: AlienCraft
Originally posted by: JS80
Originally posted by: babylon5
Originally posted by: tk149
"Retention payment"

Employee retention is important, but with the flood of newly-unemployed people out there, I have trouble believing that retention is as big of a problem as AIG says it is.

QFT

I guess you missed this part:

In fact, the company says two of its top people just left this week, despite being offered big retention payments.
Since when does because they say it's so, make it so? :confused:
Answer: When you want to believe it's so. :D :laugh:
Perhaps that's a self serving statement designed to bolter their position without being directly attributable to anybody.

Are these the same talented bunch that cooked up Mortgage Backed Securities, Ratings Pumping, and Credit Default Swaps, leveraged everything beyond Industry Standard percentages, all on the come ????? If so, they can go too. There isn't one of us here ( I'm going out on a limb) that could run a scam like what they pulled without having our ears pinned back and hoisted on some flag pole somewhere. Well, that is to say unless it makes a LOT of money. ....
How about a little Ponzi Investments for a decade to the tune of $50BILLION..... He gets ONE count, not one per investor... ONE!! I would have been shot out back, when you rip off 50 billon , they buy you a beer.

Talented... not in the good son, First Place @ the Talent show, "hey-Ma-look-at-ME!" kinda way, but in the "Did you see whose boy was on the front page?" way....

It seems as if for all of the Sophisticated Financial Education Elitism, the smug indifference to fundamentals has blown back in their face. There will be plenty of empty commercial space for the mass hordes of homless to squat in. It'll be easier to enforce martial law that way. :Q

There is nothing wrong with MBS, it has dramatically lowered borrowing costs. Regulated CDS' are fine.

Why the hell do you care about the 50bn ponzi scheme? He fucked rich people, who gives a fuck?
 

boomerang

Lifer
Jun 19, 2000
18,883
641
126
There is no one that cannot be replaced. No one is indispensable. It's the free market at work. If employees want to leave and cannot be enticed by money to stay, they leave. It's as simple as that.

What's going on here is that those in power (in addition to those that hope to be some day) don't want to see compensation packages changed. Status quo baby. Screw up, screw it up, affect the lives of thousands, or these days, many millions in very negative ways, but keep the status quo. I still deserve my bonus.

It's a brave new world. The masters of the universe have proven that they are not masters, they're just greedy bastards who care only about themselves.

What's funny is that it doesn't matter where one works, from the top floor of the ivory tower to the deepest, darkest corner of the boiler room, somebody always screws it up for the rest.