Closing Arguments: Outing AIG Execs a Danger?

They do make statements concerning bonuses in their annual report as required by law. Annual reports can be found on line, the company web site and most libraries. Not sure at what level of money. No to the release and as we see in work place violence someone might try and take actions to harm these people. Lets pray not.

I think that either the executives that received the bonus should return them willingly or their names should be made public. The choice is theirs.

The “bonus” as you call is was not a bonus for a job well done. It was a “retention bonus”. Meaning that the people that receive these bonuses are likely NOT those that helped this company into this situation. The retention bonus is instituted so that these employees do not cut and run because things at the company are rough. Who, especially these people who are super educated and qualified to work anywhere in the world, stay on at a company that is likely a sinking ship without some major compensation?
Outing their names, and endangering them and their families is irresponsible behavior. Those who are calling for the heads of these people need to step back and ask yourself if you would have turned down a job where a $10M retention bonus was waived in your face. Those who are “furious” should honestly take a look at who is the head of this witch hunt… the government. Obama, Dodd, Biden, and Frank. The Fab Four. Don’t be fooled by the smoke screen. They are covering for the trillion dollar I.O.U. they just wrote for themselves last night.

Oh, and I forgot… I work for a governmental entity, and NO just because I work there does not give you or anyone else to know what my address is. You all have NO rights to these peoples names and addresses. If you want to picket the company… great, go for it. However, no one has a right to harass these people individually any more than Congress has the right to tax them individually.

We were told and I know that I read that the people who worked in the Products or Projects office were the ones responsible ( along with Wall Street, Investor’s and the Investment firms they were all part of the economic meltdown. Is someone telling us lies again ?
The House. senate and everyone in Washington are dancing back and forth fingerpointing and saying “ain’t my fault -HE did it” – it’s weird to watch grown people acting like children – if they don’t soon cut it out and act grown up’s we will be in deeper s–t !

Of course, their names should be made public. Fearing for their lives is f’in baloney and we should not fall for that. We know the names of Fuld and other execs who brought their companies down. They may not go to jail or face any other punishment, but taxpayers have the right to know who took huge bonuses after we bailed them out and now own 80 percent of the company. Crooked politicians are dragged through the press and rightfully so. The corporate greedheads are so used to quietly robbing us in their boardrooms, they’re like vampires who dread being brought into the sunlight. If they feel ok with taking the bonuses they should have no problem letting us know who they are. If they’re skittish, then they should refuse the bonuses. They must not be allowed to have it both ways!

obama is our hussein, dictator, he is
already out of control. beware america,
signed agreement about homosexuality,
stem cell, and is ok with abortion. why
be against abortion, yet approve stem
cell abortions, same thing. we need to
impeach obama before it is too late.

I think that it would be funny to turn on a loudspeaker in front of a home of someone on the list (sorounded by a poparotzi of hate) and expose them to one of Rush Limbaughs oratories of how everyone is being conned by what’s really going on.
While they are being distracted by the comparative coins on the ground, they are actually oblivious to the Trillions blowing away by the whim of Boracho’s merry men pretending that they have a clue as to the consequences are of what they are doing to the worlds future.
Liberals, in general, it seems to me now, are truely without a moral compass.
(Blarny Frank may be proof. Indescretions on one front, do lead to another.)I suppose that the “if it feels good crowd” has evolved into a “If it sounds good, then it must be ok” crowd, and that what’s running the country.
Publishing this list of names smells of a guillotine , and O’bamas remark about children not growing up to be bankers smells of “The night of crystal” by the brown shirts, or should I say in this case, “Acorn”.
rrc143

Jessica,
So what you are saying is that the executives receiving “retention bonuses” should get it because of the wonderful job they’ve done getting AIG out of the mess? Whether the executives involved were the ones who created the mess or not isn’t really the issue. The issue is did they earn the “bonus.” Are they worth “retaining?”
lol
It seems to me that if these “executives” were hired to get AIG out of the mess and haven’t done so (if I recall correctly, they posted the biggest loss ever very recently), then the executives are receiving a “bonus” they do not deserve.
As a taxpayer funding this “bonus” I would not retain or reward these people. If anything, they should be FIRED on the spot and possibly sued for not doing the job they were paid to do.

” Those who are calling for the heads of these people need to step back and ask yourself if you would have turned down a job where a $10M retention bonus was waived in your face.”
Well, I WOULD have turned down the bonus if I’d performed like these guys have the past few years.

Yes, their names should be made public,
shame on them for taking it in the firsy place. They didn’t worry about taking money from tax payers. It’s the american peoples money not theirs. They need to return ALL the money they got.

I am very much against these people receiving bonuses BUT I blame the company and anyone else in the decision-making process more than I do the individuals receiving the bonuses. These people have been compensated in the past using a mixture of salary and bonuses — something very common in the financial services industry — and most likely never thought about the situation in the same way as the public at large does. Their names should not be published. Actions, if there are any, should be taken directly with each person. It truly would be tragic if some distraught individual took the law in his/her own hands with the result that someone got hurt.

Names or nameless, I’m just interested to see pictures of what these PIGxecutives robing us blind look like. Hey … if you are going to ride my a$$ at least pull my hair.

Outrage should be directed at the people that signed the bailouts, and the buck stops at the top!

Of course, their names should be made public. Their names and pictures should be posted in the “wanted” boards at all post offices. Why would you even ask such a thing? Should the Untouchables have concealed the identity of Al Capone and Bugs Moran out of fear for their safety?

We can all argue to the merits of those recieving the bonuses but apparently they were legal and everyone, including congress, knew it.
“Outing” those who recieved them after Congress, in all their “outrage” at the bonuses, and the press whipped the public into mass hysteria is dangerous and akin to public lynchings of years ago.
Congress should be ashamed of themselves and the bill they wrote to tax the bonuses should be used as bathroom toilet paper…. at the capital.

I have no problem with executives getting bonuses IF the company makes a profit which in the case of AIG it did not. I think that the way these compensation packages are written is the problem. The comp package should state that the bonus money will be paid only if the company makes a profit AND if the executive still works for that company at the end of the fiscal year in which the profit was realized (I say this as some of the execs who received AIG bonus money no longer work for AIG and still received the bonus money.. so there goes the argument for retention).
I think bonus money should be tied to profitablity because what is your incentive to do a good job for the company if you know you will get a bonus whether or not the compnay prospers. The average employee, granted does not have a contract, but if they do not do their job they are fired.

Their safety can be guaranteed. Take them into protective custody in one of those very safe 6 x 10 cells.

Jessica :The “bonus” as you call is was not a bonus
for a job well done. It was a “retention bonus”.
Meaning that the people that receive these
bonuses are likely NOT those that helped this
company into this situation………Sorry jessica,
that theory doesn’t float any more.
They work for a company that relies on profit to
exist (no different from any other). As a whole if
the company does miserable then every employee
has a take it under the chin. If the chef received a
retention, and always served fabulous food, but the
company was going under, I seriously doubt that
they would be able to “retain” it.
*****************************************
Jessica: The retention bonus is instituted so that
these employees do not cut and run because things
at the company are rough. Who, especially these
people who are super educated and qualified to
work anywhere in the world, stay on at a company
that is likely a sinking ship without some major
compensation? ……….No wonder companies are
running backwards in this Country! Highly
educated and irreplaceable? Thats almost
laughable. If they were soooo educated, the
company wouldn’t be in this predicament. If the
retention is used so they don’t cut and run, why
did 11 of them do exactly that?
They just stood long enough to receive the
retention! The others can’t find jobs, even if they
tried.
**********************************
Jessica:Outing their names, and endangering
them and their families is irresponsible behavior.
……….. Yes jessica, but people are angry and
these execs are throwing gas on the fire! The
families should be off bounds on this one.
*****************************************
Those who are calling for the heads of these
people need to step back and ask yourself if you
would have turned down a job where a $10M
retention bonus was waived in your face…………
Under normal circumstances, where the company
was doing great and they left the company better
than when they arrived? I would say yes, But when
the company is going belly-up and people loose
their jobs, I would say, hey, they hired them for
their experience in making sure that they were
profitable, they failed their part! They always
drilled into our heads “WE ARE A TEAM!”. I would
call this blood money.
*******************************
Those who are “furious” should honestly take a
look at who is the head of this witch hunt… the
government. Obama, Dodd, Biden, and Frank. The
Fab Four. Don’t be fooled by the smoke screen.
……………..
The government involves you and the rest of us. I
never had trust in bank executives. I have a
brother-in law who is one, and the stuff they pull
on the average person is incredible. They are
strickly profit with limited services.
**********************************
Jessica: They are covering for the trillion dollar
I.O.U. they just wrote for themselves last night.
…………Lets see, Bush had $500 billion surplus
when he enter office, wasted that and created a
$500 Billion deficit, gee that’s a $1 trillion.
According to the guru himself, Mr Cheney, we
need not worry about a deficit at this time.

spacerook1: It seems you got the drift of my point…

you have got to be kidding me…
spend annother million changing out signage of a LETTER. AFTER FOUR BAILOUTS. How are they helping us. If they can’t make it, this is capitalism, let a better company take their place. I have worked very hard to get to where I am, and I am fortunate enough to hav ea good job, but these people have sqrewed anybody trying to be responsible enough to pay off their loans. I’m done, I will not pay another dime. My credit score is shot, even though I have contuniued to pay my debt for years. Who cares, I couldn’t get a loan again any way. I’m done, I could but why should I. I will let it go. I will see if I can settle like every one else. pennies on the dollar. It can’t hurt me any more.

Given the low level of intelligence of most Americans and the ease that they can be emotionally aroused I would say that is a formula for a lynching – “good ol murcans”. Anyone that thinks we can be great when we would rather punish a few bad guys and sink the entire nation better think again.I’m almost sorry my parents taught me to stay focused on the real problem without getting distracted by trivia, I understand the puritan instinct to punish the guilty at any cost – such a losers’ philosophy.
However, the media loves to inflame the issue and,distract people from the important problems that face the country because it is easier than thinking. So the country loses big time for the sake of media viewership. BFD what’s new ?

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