Quote:
Originally Posted by lookout123
True capitalism doesn't work because there must be very real rules in place to keep the unscrupulous from raping society.
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This is true. But what happens when the unscrupulous rapist of society turns out to be your brilliant chef? Maybe you should get rid of the chef as well.
That was flippancy. But on a serious note. Much as I agree with you about the logic of retaining those elements of the company that are profitmaking and most likely to be able to bring it back from the brink and into profitability again, those bonuses were not paid out of the profits they earned. You paid their bonus. And Sugar, and Classic and tw and every other American in this community. They have no right to
bonuses on the public purse. They have a right, under the rescue package, to continue doing their job and earning a damn fine wage in the process. Something their victims should be so lucky on eh?
AIG could not afford to continue trading. AIG could not afford to pay staff bonuses. The government stepped in, because AIG was 'too big to fail'. Are we also saying AIG staff are too important to be allowed to lose their bonuses? As far as I can tell there are people all across America working low hours or taking pay cuts just to keep their jobs through the hurricane AIG started.
So, if they don't get their bonuses, paid this time by tax payers, they might just fuck off from the company and go it alone? How responsible of them. Not like those irresponsible blue collar workers with their damn unions holding employers to ransom and making unreasonable wage demands.
Frankly, the entire top tier of AIG needs a collective spanking so they know not to do it again. Why is the United States of America rewarding financial failure?