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Companies bailed out by the govn't caught paying out bonuses?!?! seriously?!?!?!

CaboBride2010

By CaboBride2010
in Just venting or funnies

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CaboBride2010

CaboBride2010

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ok I would have to disagree. I was reading on CNN.com last night about the tax that was put into place for these bonuses. The department of executives who recieved these bonuses were the department that made the most important costly mistakes, therefore sinking AIG to the point that they needed a government bailout. I understand that a company can put in its employee contracts that bonuses are given out for attaining a certain goal. However if a company if is need of government bailout then those employees do not deserve bonuses. Just my opinion, but arent bonuses given out ONLY if you do something really well, not when your company is sinking??

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GracieBebe

GracieBebe

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Ok, maybe this is related, maybe not. But have any of you wondered how a company like GM or Citigroup who both begged the gov't for bailouts because they were on the verge of shutting down, could not even pay their employees' payrolls, etc. and were so desperate for this money only 2 months ago, are now saying that they don't need additional installments, are posting profits, and are even able to pay back the bailout loan early??

 

I mean, if you think about it, for those of your in the corporate world, how long does it take your own depts or groups to complete a project? You can barely get a business plan together in 2 months let alone finish the whole entire thing! And yet, these corporations are able to do a 180 degree turn around of a large, global conglomerate/company?? Doesn't seem to make sense! Were we scammed?? Sounds kinda fishy to me...

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