Personally I think it sucks, they should have attached string to the money. They should still pay bonuses for high performers, otherwise they face a huge talent drain at the worst possible moment. I don't think they should pay huge bonuses. I don't have a number in my head for how much is too much, but there clearly should be a line.
What surprises me is how many of these companies are politically so inept. The press is going to eat them alive, that is not generally good for business. On Sat, Nov 1, 2008 at 8:04 PM, Gruss wrote: > Is socialism ok as long as it's for the rich? > > --- > Oct. 31 (Bloomberg) -- House Financial Services Committee Chairman > Barney Frank said banks using cash from the $700 billion U.S. rescue > plan for bonuses, acquisitions and other purposes unrelated to lending > are in ``violation'' of the law. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:277970 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
