And I think this is a great time to say "unrelieved greed without performance is not going to be blindly accepted any more".
Unrelieved greed _with_ matching performance is still perfectly fine. On Wed, Mar 18, 2009 at 6:43 PM, Gruss Gott <[email protected]> wrote: > > > 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:292225 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
