This issue 'came to head' with the AIG bonus payouts. I've worked for salary as an upper level Manager and can tell you that bonuses are setup by contractually binding goals and paid based on performance to those goals. In other words, the bonuses were due the recipient just like your weekly paycheck is due to you.
1. Do I like the fact that they received bonuses? No! 2. Are the bonuses fair? Yes - the bonuses were instituted (as they always are) to increase performance & make sure goals are met. I'm sure that some bonuses were even tied to cost cutting measures. 3. Did they earn their bonuses? Yes - see answer 2 above. 4. Should they keep their bonuses? Yes - see answer 2 above. So, when does the Government have the right to decide that profit, bonuses or pay in the private sector is excessive? How would you feel of the government decided that YOU were making too much money and gave YOU a 20% PAY CUT or TAX INCREASE? That's what they are trying to do to AIG! Thanks, Tom Hargrave www.kegkits.com 256-656-1924 -----Original Message----- From: mercedes-boun...@okiebenz.com [mailto:mercedes-boun...@okiebenz.com] On Behalf Of Allan Streib Sent: Tuesday, March 17, 2009 10:56 AM To: Mercedes Discussion List Subject: Re: [MBZ] OT banned lite, Better not get hurt in war "Tom Hargrave" <tharg...@hiwaay.net> writes: > When will Obama decide that the energy crises is so bad that we will > not be allowed to drive cross country without a 'special permit"? > Think I'm kidding? There is no fundamental difference between the > Government telling private industry what they will do and telling you > what you will do! Some idiot congressman is on TV now proposing a 60% tax surcharge on "excess" executive pay in companies that have taken bail-out money. That's right a 95% tax rate. Allan -- 1983 300D _______________________________________ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com No virus found in this incoming message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.11.16/2005 - Release Date: 3/16/2009 7:01 PM No virus found in this outgoing message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.11.16/2005 - Release Date: 3/16/2009 7:01 PM _______________________________________ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
