Does Anyone feel like Bailing

tw · 11-18-2008, 12:38 AM

So many years ago, I pointed to the AIG building in lower Manhatten and told the National Park Service cop why that is a company I was waiting to go under. This may have been in 2004.

When GM has no profits, its unions get no Christmas bonuses. But its management does. When AIG puts $1trillion at risk, why does anyone in AIG get bonuses? The reasoning? If they don't get that bonus, then they cannot afford to live in NYC.

By getting no $67million bonus, top GS executives must suffer poverty - only $600,000 this year. So we would even blame the unions?

Lee Iacocca - a product oriented thinker - took only $1 per year at Chrysler until Chrysler was profitable. Bean counters educated in business schools would never do that. Their compensation is more important than their job.

11-18-2008, 12:38 AM	#11
tw Read? I only know how to write. Join Date: Jan 2001 Posts: 11,933	So many years ago, I pointed to the AIG building in lower Manhatten and told the National Park Service cop why that is a company I was waiting to go under. This may have been in 2004. When GM has no profits, its unions get no Christmas bonuses. But its management does. When AIG puts $1trillion at risk, why does anyone in AIG get bonuses? The reasoning? If they don't get that bonus, then they cannot afford to live in NYC. By getting no $67million bonus, top GS executives must suffer poverty - only $600,000 this year. So we would even blame the unions? Lee Iacocca - a product oriented thinker - took only $1 per year at Chrysler until Chrysler was profitable. Bean counters educated in business schools would never do that. Their compensation is more important than their job.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)