Actors, sports figures, etc. are a fan based economy. It is entertainment
and we choose to pay for the ticket or not. I didn't choose to give money to
these greedy crooks that sqandered the money away knowing full well they would
get bailed out if push came to shove.
If bonuses apply in any case, whether Wall street execs or not, just like
the rest of us, they should be based on performance.
I have always felt that bonuses for big execs were too large, but if
stockholders of the company approve them, then so be it. It's their money and
their decision. When a CEO of a large company gets a 100 million dollar bonus
but the product his company sells is being made in some poor nation by children
making a few cents a day, that's called capitalism. Is it morally right? That's
for each of us to decide.
Basically, it's all about greed and look where that's got us. I've heard
people say that these Wall Street guys have now learned their lesson.
Baloney!!! The public ruckus will die down and they will be back up to their
old tricks, finding some other venue to suck from. It's only going to stop when
the masses have truly had enough.
Sue> Date: Sat, 27 Dec 2008 13:23:07 -0500> From: [email protected]> Subject:
Re: [MOPO] WAY OT: What drove Bernie Madoff> To: [email protected]> >
At 01:05 PM 12/27/2008, Bruce Hershenson wrote:> >Incidentally, all government
bailouts should come with the proviso > >that no bonuses be paid to executives
until and unless the loans are > >repaid in full. If the current execs don't
like that, they should > >leave, and be replaced (and it is hard to believe
their replacements > >could do a worse job than they did).> > why does everyone
complain about the big bucks going to Wall Street > execs - But I don't hear
the same cries of> protestation when big bucks go to actors like, oh say, Ben
Affleck - > whose work is just as bad!> or to Sports figures who's play turns
out to be sub-standard?> > Visit the MoPo Mailing List Web Site at
www.filmfan.com>
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