Quote:
Originally Posted by TGRR
Who cares what you call them?
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Not you nor tw apparently, This common perception of the ill informed is that a "bonus" is based solely on increased revenue or sales.
That is not what these are/were. I am simply trying to be accurate. There are many people who STILL don't know what they are.
Should they stop paying every employees salary because they got tarp money? Should every institution who got money got tarp stop paying their employees because of it?
BTW - regarding the "no longer work for the company" group. Many of them worked for the period of time they were contracted for. Nothing new nor unusual here either. Say I contract you to work for 3 months at $xxx.xx. You also agree to defer payment for a period of time. This was a form of contract work - thats all.
The media and the politicians have you believing that this is some outlandish travesty - It isn't.
If you want to be upset about retention payments, then look at Merrill Lynch. Of the 10 Billion in TARP money they received, They paid out 3 BILLION which is about 30%. That is extreme.
Or just look at
Chris Dodd. How can the man in charge of oversight do his job if the companies and corporations that he is supposed to oversee are paying him off? Ironic how he got money from AIG execs and their spouses (all of whom maxed out their contributions to him) Also the Countrywide situation is gonna come back to haunt him.