AIG

[sugarpop]

Originally Posted by lookout123

TGRR and Sugarpop... just wow. Either you are willfully ignorant and choose not to look beyond the soundbyte fluff of the story or you truly do not understand even the first thing about profitability.

I may disagree with TW on nearly everything but he understands something the two of you cannot grasp. Profitable companies make a profit that people want and are willing to pay for. In order to maintain future profitability they must have processes established to make profitability likely. Part of the process is making sure that people who have done their job and have proven to be a net asset (moneymaker) must be compensated for the value they bring. If a broker brings $25,000,000 profit to a firm in a 12 month period it would certainly seem logical compensating him his expected $2,500,000 so that he will also do it next year and the year after. If you don't, they will go across the street, receive a $5,000,000 check, and take their business with them. Giving bonuses to the unproductive employee would be foolish but that isn't how brokerage operations work. Bonuses are based upon production numbers.

And what you don't get, is that this company lost more than any company in the history of the world last quarter. THEY DIDN'T MAKE A PROFIT, THEY LOST MONEY. NO ONE who works there deserves a bonus. SORRY. The people who drove the company into the ground ruined it for everyone who works there.