Governments don't have memories; governments NEVER learn. For examole, we individuals remember Korea, Vietnam, Lebanon, Somalia, etc.; now Iraq, Afghanistan, but governments can't seem to remember them when they need to.
Wilton ----- Original Message ----- From: "Wonko the Sane" <don.b...@gmail.com> To: "Mercedes Discussion List" <mercedes@okiebenz.com> Sent: Tuesday, March 17, 2009 7:17 PM Subject: Re: [MBZ] OT banned lite, Better not get hurt in war > And you'd say that getting into these derivatives was not bad management? My > understanding is that a bonus is paid on performance -- how much money you > end up making the company, not how much you sell. If the end result of your > actions is that you bring down the company and perhaps the world economy to > boot, should that be rewarded? > > For better or for worse, some folks are walking away with millions in > "retention pay" (and more than a few took the "retention pay" and then > left). The end result will be that -- hopefully -- IF there is more of my > tax money (and yours) pumped into these too-big-to-fail companies, then > there are strings attached. Personally, I hope we tax the hell out of those > bonuses. If you get a bonus with corporate money, then that is fine. If you > are getting a bonus with MY money, then I, as a taxpayer and by extension > one of the largest owners of the company, then I want it back. > > More than outrage that these losers are walking away with millions is the > outrage that these losers are walking away with millions from the public > coffers, money intended to prop up the company (and not the individual bank > accounts of its employees). > > Next time, any government money comes with a whole lot of strings and up > front agreements. > > On Tue, Mar 17, 2009 at 4:29 PM, Tom Hargrave <tharg...@hiwaay.net> wrote: > > > I can see one business going under & being accused of bad management - take > > Enron for example. But they were one company in their industry and it was > > very clear that they "cooked the books". Everyone else in the same industry > > waded through the Enron crises without a problem. > > > > AIG and the others are an entirely different situation. > > > -------------- next part -------------- > An HTML attachment was scrubbed... > URL: <http://okiebenz.com/pipermail/mercedes_okiebenz.com/attachments/20090317/9a 7c8511/attachment.html> > _______________________________________ > 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 _______________________________________ 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
