Liddy's right... If you have the option of working for a company who pays bonuses, and one that doesn't, which would you choose? With no bonuses, AIG would be forced to hire the lowest of the low. Some might say they already have the lowest of the low, but I'm sure they could always do worse!
It's purely coincidental that Dodd (an elected guy) is pointing to someone (nameless) over at Treasury (an appointed/non-elected guy) as the source of the change request to his amendment. That way, you can feel good about voting for Dodd (an elected guy) since it wasn't his fault, and the guy (nameless) at Treasury gets to keep his job since he is anonymous. Win-win!!
The one that pays a bonus of course. But the point here is that bonuses should be performance related. Just like a tip in a restaurant - you wouldn't tip somebody $20 if they didn't do their job well, but might tip them $20+ if they excelled. So the whole arguement at present is about negative performance but positive bonuses.
This story is absurd! First of all Liddy is working for AIG for what reason? The challenge or there are no other jobs available!
If the media ever decides to do their job properly and without bias, there should be no shortage of ex-politicians to hire from in coming years. Many politicians certainly fit the above description. I'm sure Dodd would fit right in with AIG. They seem to like him. At least they did last year. From: http://abcnews.go.com/Politics/story?id=7110145&page=1 Here's the list of top AIG recipients for the 2008 campaign: 1. Sen. Chris Dodd, D-Conn., $103,100 2. Sen. Barack Obama, D-Ill., $101,332 3. Sen. John McCain, R-Ariz., $59,499 4. Sen. Hillary Clinton, D-N.Y., $35,965 5. Sen. Max Baucus, D-Mont., $24,750 6. Former Gov. Mitt Romney, (R) Pres $20,850 7. Sen. Joe Biden, D-Del., $19,975 8. Rep. John Larson, D-Conn, $19,750 9. Sen. John Sununu, R-N.H., $18,500 10. Former Mayor Rudolph Giuliani (R) Pres $13,200 11. Rep. Paul Kanjorski, D-Pa., $12,000 12. Sen. Dick Durbin, D-Ill., $11,000
It wasn't bonuses, it was retention pay. And some didn't bother to be "retained", but got the money anyway. Head I win, tails you lose. That's the way it works.
A person can live a "rich life" with $10,000 - $20,000 per month. How much money the AIG executives need?. Why the need for bonuses. What high-profile work do the executives do so that they need $100,000 per month?. A farmer's work is more high-profile than an executive's work.
If you do not respect farmers they will stop sending food to cities. City people can eat their computers, electrical appliances, paper money.