You are right, Steve, I heard the same thing concerning the executives bonuses at AIG. They contracted to work for a $1.00 a year and were compensated with the yearly bonuses, and the contracts took place before AIG came down. Basically, their bonuses were their wages and was something that should never have been exploited. And just think of all the horror those families went through and probably still are.stevie_d_64 wrote:I'm not falling into this outrage about AIG bonuses, because of one thing...
I heard, and then saw that those executives that did receive those bonuses were only paid a salary of $1.00 a year...The "bonuses" were supposed to be their "contracted" compensation for the previous years work they put in...
Now, if I heard or seen incorrectly, I am certainly ok with being corrected...
Overall, I see this straight out of Saul Alinsky's playbook for what its worth...
I'm just not buying anything I see on any media outlet, they are as much to blame about the uneasyness around the world as anyone...
I had to google Saul Alinsky's playbook, because I had never heard of it, but he sure does shine a light on what seems to be going on today. Very interesting. I always learn something from this forum everyday...Thanks!
-geo