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Bailed-Out Firms Distributing Cash Rewards: "Please Do Not Call It A Bonus" |
2009-02-12 |
Posted by:tipper |
#4 And to add insult to injury, the banks have used HIB visas to import the "best and brightest" to replace American workers at lower wages, enabling bigger "cash rewards". |
Posted by: Thealing Borgia 122 2009-02-12 10:14 |
#3 These employees haven't claimed be the best or the brightest but they also aren't government workers,.. When you take money from the |
Posted by: Procopius2k 2009-02-12 09:51 |
#2 Two wrongs won't make it right. These employees haven't claimed be the best or the brightest but they also aren't government workers, who do claim to be the best and the brightest. It seems reasonable to pay people for performance, which is what this is. I also see no reason for the government to bail out companies and this is an example of why it should not. Let the fit survive and the weak fail. That's the way of capitalism. Government should not be in the business fo guaranteeing outcomes, whether to Citibank or Henrietta Hughes. They're both welfare queens as far as I'm concerned. And the donk government likes it that way. |
Posted by: Nimble Spemble 2009-02-12 08:57 |
#1 will be rewarding their financial advisers with controversial retention payments Keeping your job is the payoff. Did I miss something that showed with the collapse of so many banks and investment firms their former employees disappeared off the face of the earth? In a capitalistic model of supply and demand, there would seem to be a lot of people with these same skills available to be hired and fewer job openings at other similar businesses. The fact that their corporations had to borrow money to stay afloat certainly indicates these are not the 'best and brightest' [why would you want to stay with a firm on the edge anyway if you were that talented?]. |
Posted by: Procopius2k 2009-02-12 08:16 |