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Re: First lesson of compensation...
by Woolley
Well, in the perfect world you would be right but that is not how the top brass are paid. They get paid one way or the other, its just a matter of how much excess pay they get. Compare it to golf pro's vs. baseball. A pro baseball player gets a gauranteed contract for X and then incentive pay for Y. There is no punitive pay in most of those contracts. A pro golfer has to pay to play and gets nada unless they place. You and I wish the world was like the golfer's but its more like the baseball players. Like I said, this is one of the worst things that happened to us over the last 30 odd years.
Re: Schrodinger..
by JackDallas

Schrodinger wrote the following post at 03/17/2009 11:25 AM: What about if the bonus payout isn't on the taxpayer's dime? Do executives who didn't earn the bonus still get it?

Well, that of course is up to the company directors. They can give a bonus to whomever they please, for a good reason, or no reason at all. It is my personal opinion that a bonus should be based on performance. If a company is privately owned, it can give away money in any manner it decides to. If it is a corporation, it could catch flak from stockholders for issuing bonuses that are not warranted.

The catch in the AIG story is that it has received billions in taxpayer money as a bail-out. That changes the equation. I would simply tell those who are contractually expecting bonuses, that used to be's don't count anymore. If they leave, they leave. Let them go find another bankrupt company, not getting money from the government, and see how big a bonus they can get for poor performance.

Jack

I'd break both their
by Demcon
kneecaps. What? Are you saying that wasn't one of the options?
Re: I'd break both their
by Schrodinger

Haha...I was going to put each of them in a box, and ask you all to choose which one dies, but I decided against it. Too predictable...

Re: Schrodinger's Entitlement
by RonB52

Assuming that Albert is able to maintain his lifestyle until the bonus returns, and is just griping over the failure to collect notches on his belt, I find his sense of entitlement less attractive than Linus.

So much so, in fact, that I would take some of his money and give some of what I took to Linus.

(It's called a "contingent fee.")

They are both dolts.
by Sawbones

But I'd have to say that Linus' entitlement is the uglier of the two. Albert is angry because he is not being given something that previous experience had taught him to expect as part of his pay; the fact that it is a large amount does not alter this situation. In effect, he worked for that money, so I can understand a feeling of entitlement to it. The fact that he does not see the wisdom in all employees temporarily foregoing this bonus to preserve the health of the company that provides such plum jobs is what makes him a dolt.

Linus is a bit harder candidate for sympathy in my view. You say that he "chose a different path" than Albert, making it sound like a value-neutral proposition, which it is; but by the same token, choosing one's path implies acceptance of the foreseeable consequences of that path. Because he "never really aspired" to the achievements of his brother, he could expect to hold jobs with both less compensation and less security. In an economic downturn, that is exactly the person who will have to accept a lower-paying job, since there will be more competitors in the hunt for that same job. It would be one thing if, by virtue of race, gender, or other characteristics, he had lacked the opportunity to advance further; the fact that he (presumably) had those opportunities, did not pursue them, but then refuses to grapple with the easily foreseeable consequences of that choice, makes me feel that his is the "worse" sense of entitlement.

Re: They are both dolts.
by kwazimota
i will be so happy to see you wordy bitchs in the rod patch when your ass is tired a humping yall can put on some gear and climb its easier but will kill you faster.why this country educated fags ill never know see yall on your way down
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