Economy bailout funds being used to pay wall street bonuses
- Sargeras
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Economy bailout funds being used to pay wall street bonuses
Sargeras Gudluvin - R.I.P. old friend - January 9, 2005
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Re: Economy bailout funds being used to pay wall street bonuses
And next we are going to bail out the car companies...nice.
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Re: Economy bailout funds being used to pay wall street bonuses
I bet the porn industry will never need bailed out.
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Re: Economy bailout funds being used to pay wall street bonuses
Nice. Little cherry on top for the most wasteful administration in American history. Let them eat cake, indeed.
"There is at least as much need to curb the cruel greed and arrogance of part of the world of capital, to curb the cruel greed and violence of part of the world of labor, as to check a cruel and unhealthy militarism in international relationships." -Theodore Roosevelt
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Re: Economy bailout funds being used to pay wall street bonuses
actually Obama is pushing the auto maker bailout, or rather Nancy Pelosi.
When I was younger, I used to think that the world was doing it to me and that the world owes me some thing…When you're a teeny bopper, that's what you think. I'm 40 now, I don't think that anymore, because I found out it doesn't f--king work. One has to go through that. For the people who even bother to go through that, most assholes just accept what it is anyway and get on with it." - John Lennon
Re: Economy bailout funds being used to pay wall street bonuses
from: http://www.abcnews.go.com/Business/Econ ... 878&page=2
Don't blame us!
Don't blame us!
BFT=Bolded For TruthRight Time for Bonuses?
Nearly everyone agrees that Wall Street has a PR problem.
With Wall Street experiencing its worst season since the Great Depression, and with the federal government stepping in to give money to financial institutions, many are asking whether this is the right time to be handing out any bonuses at all. Bonuses, after all, are supposed to reward good performance.
Nine banks at the center of the government plan to ease the financial crisis are under scrutiny: Goldman Sachs, Morgan Stanley, Citigroup, JPMorgan Chase, Wells Fargo, Bank of America (including Merrill Lynch), State Street Corp. and Bank of New York Mellon.
Of the nine, JPMorgan Chase and Wells Fargo are considered to be strong banks. They are widely believed to have been forced into the plan, an apparent attempt by the Treasury to treat all major banks as equals.
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Re: Economy bailout funds being used to pay wall street bonuses
SignedAshur wrote:from: http://www.abcnews.go.com/Business/Econ ... 878&page=2
Don't blame us!
BFT=Bolded For TruthRight Time for Bonuses?
Nearly everyone agrees that Wall Street has a PR problem.
With Wall Street experiencing its worst season since the Great Depression, and with the federal government stepping in to give money to financial institutions, many are asking whether this is the right time to be handing out any bonuses at all. Bonuses, after all, are supposed to reward good performance.
Nine banks at the center of the government plan to ease the financial crisis are under scrutiny: Goldman Sachs, Morgan Stanley, Citigroup, JPMorgan Chase, Wells Fargo, Bank of America (including Merrill Lynch), State Street Corp. and Bank of New York Mellon.
Of the nine, JPMorgan Chase and Wells Fargo are considered to be strong banks. They are widely believed to have been forced into the plan, an apparent attempt by the Treasury to treat all major banks as equals.

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Re: Economy bailout funds being used to pay wall street bonuses
I work for one of the worst offenders. Where the fuck is my bonus?
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Re: Economy bailout funds being used to pay wall street bonuses
This is one of those Princess Bride moments where you just have to shake your head and assume that these people keep using the word "bonus", but it doesn't mean what they seem to think it means.
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Re: Economy bailout funds being used to pay wall street bonuses
Many of the people I work with have incomes that are based around their bonus.
These are guys that are literally making the bank millions of dollars.
Their base salary is shit... most of them have salaries lower than mine.
To them, a bonus is not a little something extra that they get at the end of the year...
If they suck, they are shitcanned and it costs the bank fuck all.
If they don't suck, they have to stick around to get paid.
If a company was to not pay out bonuses to these people at the end of the year, they would basically lose everyone... and once word got out the company wasn't paying out bonuses, nobody would want to work there.
It's basically like how salespeople get commisison.
These are guys that are literally making the bank millions of dollars.
Their base salary is shit... most of them have salaries lower than mine.
To them, a bonus is not a little something extra that they get at the end of the year...
If they suck, they are shitcanned and it costs the bank fuck all.
If they don't suck, they have to stick around to get paid.
If a company was to not pay out bonuses to these people at the end of the year, they would basically lose everyone... and once word got out the company wasn't paying out bonuses, nobody would want to work there.
It's basically like how salespeople get commisison.
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Re: Economy bailout funds being used to pay wall street bonuses
This is one thing I cannot stand. It is kind of the same where I work, although not as extreme as in the banking industry.miir wrote:Many of the people I work with have incomes that are based around their bonus.
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Re: Economy bailout funds being used to pay wall street bonuses
But, clearly, they WEREN'T good at their jobs, or their companies wouldn't be fucking tanking and in need of gubmint intervention. So fuck them.miir wrote:Many of the people I work with have incomes that are based around their bonus.
These are guys that are literally making the bank millions of dollars.
Their base salary is shit... most of them have salaries lower than mine.
To them, a bonus is not a little something extra that they get at the end of the year...
If they suck, they are shitcanned and it costs the bank fuck all.
If they don't suck, they have to stick around to get paid.
If a company was to not pay out bonuses to these people at the end of the year, they would basically lose everyone... and once word got out the company wasn't paying out bonuses, nobody would want to work there.
It's basically like how salespeople get commisison.
"There is at least as much need to curb the cruel greed and arrogance of part of the world of capital, to curb the cruel greed and violence of part of the world of labor, as to check a cruel and unhealthy militarism in international relationships." -Theodore Roosevelt
Re: Economy bailout funds being used to pay wall street bonuses
When salespeople don't sell, they get no commission. They also usually get fired.miir wrote:Many of the people I work with have incomes that are based around their bonus.
These are guys that are literally making the bank millions of dollars.
Their base salary is shit... most of them have salaries lower than mine.
To them, a bonus is not a little something extra that they get at the end of the year...
If they suck, they are shitcanned and it costs the bank fuck all.
If they don't suck, they have to stick around to get paid.
If a company was to not pay out bonuses to these people at the end of the year, they would basically lose everyone... and once word got out the company wasn't paying out bonuses, nobody would want to work there.
It's basically like how salespeople get commisison.
Execs should receive no bonuses. Line workers (analysts, etc) should receive reduced bonuses.
Re: Economy bailout funds being used to pay wall street bonuses
What about the banks that didn't suck? Do their employees eat shit and die because others in the industry fucked up, or are they allowed to follow their normal business model?
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Re: Economy bailout funds being used to pay wall street bonuses
Yes, every single person who worked for those companies did a horrible, horrible job and should not get paid.But, clearly, they WEREN'T good at their jobs, or their companies wouldn't be fucking tanking and in need of gubmint intervention. So fuck them.

What if a salesperson did record numbers but the company was managed poorly and lost money... should they be denied their comissions?When salespeople don't sell, they get no commission. They also usually get fired.
I've got 99 problems and I'm not dealing with any of them - Lay-Z
Re: Economy bailout funds being used to pay wall street bonuses
In every case where there's not a government bailout? Yes.miir wrote:Yes, every single person who worked for those companies did a horrible, horrible job and should not get paid.But, clearly, they WEREN'T good at their jobs, or their companies wouldn't be fucking tanking and in need of gubmint intervention. So fuck them.![]()
What if a salesperson did record numbers but the company was managed poorly and lost money... should they be denied their comissions?When salespeople don't sell, they get no commission. They also usually get fired.
If you choose to be a salesman for a retail outlet that tanks, you're not getting anything extra in your Christmas stocking from the federal government.
Sorry, but it doesn't matter how much these individuals deserve (which is also debateable) their salary/bonuses, job public shouldn't be paying them.
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Re: Economy bailout funds being used to pay wall street bonuses
I'm totally not talking about retail customer service scrubs... I was talking about actual sales people whose pay is based on commission.Zaelath wrote:If you choose to be a salesman for a retail outlet that tanks, you're not getting anything extra in your Christmas stocking from the federal government.
.
If a specific employee SUCKED then don't give em a fucking bonus.
If a specific employee brought the bank a shit-ton of business, they should be getting a bonus.
If these banks aren't paying any bonuses (i'm specifically not talking about executive and board), they may as well just close up shop.
Nobody will ever work for a bank that fucks their top performers.
I'd be shocked if the bailout money goes anywhere near the budget for the past fiscal year.Sorry, but it doesn't matter how much these individuals deserve (which is also debateable) their salary/bonuses, job public shouldn't be paying them

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Re: Economy bailout funds being used to pay wall street bonuses
For the oppressed, peace is the absence of oppression, but for the oppressor, peace is the absence of resistance.
Re: Economy bailout funds being used to pay wall street bonuses
no more threads (appsrv h612)Spang wrote:Where the bailout money is really going.
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