On the radio this morning (WPLJ) I heard some shocking news. For companies that have received bailout money, executives were paid over $18 billion in bonuses in 2008. Now I understand that those executive work hard and their their contracts state they are entitled to a bonus however how can an individuals accept a large bonus when their company is laying off employees and tax dollars are helping to fund their struggling company? what are your thoughts?
Re/Max Spirit - Dayton, OH
I don't have a problem with the bonuses being out to execs who have clearly ran their organizations in to the ground. Its none of my business, I'm not a stockowner. The problem I have is that they went to Washington and Begged, then threatened to collapse the economy if they were not bailed out, recieved the taxpayer money only to pay themselves. That should be criminal! Since there really no restrictions put in place though on how the money should be used, they are back to same old ways.
On the greedy side I don't think I would turn down a 50 million dollar bonus!
Jan 30, 2009 02:05 AM
Leslie Prest, Prest Realty, Sales and Rentals in Payson, AZ - Payson, AZ
Owner, Assoc. Broker, Prest Realty, Payson,
I saw some executive on TV saying that they have to pay bonuses to keep the top people. Since these "top" people have run the companies into the ground- seems to me the companies would be looking for NEW people.
Jan 30, 2009 04:42 AM
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