> JJ wrote: > They failed in their job. They failed their company. They should not get any > bonus. > > And no, it isnt a tempest in a teapot. It is a perfect example of the bigger > problem, on an understandable scale. >
Well - you know me I'm not partisan at all - but what's happening is we're revealing what 25 years of fuck-the-little-guy policy has wrought not to mention the whole environment was turbo-charged in the last 8 years by Bush. I mean we're asking GM workers - not that I agree with a GM bailout - to renegotiate their contracts and take one for the team while we give the financial services industry - the very people that created this hell - bonuses. It's not a small issue. I say having already been pissed off at this industry. My wife used to work at a hedge fund and we have "had a relationship" with Morgan Stanley London, CommerzBank, and Bear Stearns. We purposely chose to leave that industry because a.) we'd would've had to have moved to NY, and b.) the people sucked. Bear was literally like a frat house. Goldman was offering insane amounts of cash. $200K+ to start with min bonus+ meaning, at the time, $500K+ perf bonus. And then there was incentive awards, appreciation rewards, retention awards, and all the benefits such as party-time 3 martini lunches on the house. And dinners, and events, and tickets and on and on. This for a new MBA grad. It's was almost $1M per year. We'd probably be in NY now if we hadn't already had experience in the industry and knew exactly what the lifestyle was. My point is "trickle-down" economics. You see any money trickling down? After 25 years of trickle down your average salary is lower than 10 years ago and you're poorer. And Wall St is getting bonuses. This rot-at-the-top plain and simple enabled by 25 years of policy that thought if we gave the top lots of money they'd make a lot of money for us. Wrong. So the next time someone says trickle-down economics is a great idea, punch them in face. Then tell them your fist trickled down to their face. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:292220 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
