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adcxaway
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Joined: 08 Feb 2007
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Exec Comp Restrictions Get Tougher 30 Mar 2009, 02:19
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Toubab
I disagree that this is all a lot of pandering to a confused and ignorant public. People - and their representatives - are angry because the very jokers in AIG's financial products division who drove their company into the ground and precipitated a good deal of this mess are now being paid millions in bonuses essentially out of my pocket. No one seemed to have much trouble demanding that blue-collar GM workers renegotiate their "contractually obligated" benefit packages after the fact - so why not a bunch of financiers and managers too?

Also, interesting article - is retention pay really that necessary?

Link: https://www.nytimes.com/2009/03/18/busin ... ei=5087%0A

Toss the bums out. I'm sure you can get some plenty talented people in there who will work for a much more reasonable salary and do a better job than those jokers.
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So how sure are you that there are plenty of talented people there who would work for less and do a better job?

I've always wondered how people come to this conclusion...

Alternatively, the other talented people you know who would work for less, might have done a worse job...

Isn't this all very speculative?
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