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Invelos Forums->General: General Discussion |
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Why Are Execs Getting Bonuses on My Dime? |
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| Registered: March 13, 2007 | | Posts: 4,596 |
| | Posted: December 18, 2008 3:36 PM | | | | Goldman Sachs is using our tax dollars (bailout funds) to pay their execs bonuses (Yahoo Video Here). This just pisses me off to no end  . Here we have massive layoffs, hourly reductions, no bonuses...even paycuts, but the rich just keep getting richer. Where's the oversight here? Why is this being allowed? I want F'ing jail time for these bastards! Sorry for the rant...I couldn't help myself  . | | | | My WebGenDVD online Collection |
| | Registered: May 19, 2007 | Reputation:  |  Posts: 6,730 |
| | Posted: December 18, 2008 3:40 PM | | | | WTF did they deserve bonuses for??? Ruining world economics in less than 5 years? Does anybody remember the final scenes of Spoiler: (Select to view)Fight Club ? | | | It all seems so stupid, it makes me want to give up!
But why should I give up, when it all seems so stupid?
Registrant since 05/22/2003 | | | | Last edited: December 18, 2008 4:07 PM by Lewis_Prothero |
| | Registered: March 13, 2007 |  Posts: 1,242 |
| | Posted: December 18, 2008 3:44 PM | | | | Quoting goblinsdoitall: Quote:
Fight Club? Michael, you know the Rules...don't mention Fight Club  Steve |
| | Registered: March 19, 2007 | Reputation:  |  Posts: 6,018 |
| | Posted: December 18, 2008 3:52 PM | | | | I could not agree more, 8ball!  |
| | Registered: March 13, 2007 |  Posts: 21,610 |
| | Posted: December 18, 2008 4:44 PM | | | | Quoting goblinsdoitall: Quote:
WTF did they deserve bonuses for??? Ruining world economics in less than 5 years?
Does anybody remember the final scenes of Spoiler: (Select to view)
Fight Club ? Shhhhhhh! You know better than that. Rule Number 3 Skip  | | | ASSUME NOTHING!!!!!!
CBE, MBE, MoA and proud of it.
Outta here
Billy Video |
| | Registered: June 21, 2007 | Reputation:  | | Posts: 2,622 |
| | Posted: December 18, 2008 6:31 PM | | | | Quoting skipnet50: Quote:
Quoting goblinsdoitall:
Quote:
WTF did they deserve bonuses for??? Ruining world economics in less than 5 years?
Does anybody remember the final scenes of Spoiler: (Select to view)
Fight Club ?
Shhhhhhh! You know better than that.
Rule Number 3
Skip Rule 1 and 2 are don't talk about FC, rule #3 is if someone yells stop, goes limp, taps out, the fight is over.  Silly space monkies! I seriously try not to think about things like the first post as I tend to react violently. Then when I can't beat the shiitake mushroom out of those who deserve it, innocents get the brunt and I get the holding cell. It's not worth it, for now... The end of FC is closer than any of think I would guess. Get that money in the fire-proof matress! | | | | Last edited: December 18, 2008 6:34 PM by bigdaddyhorse |
| | Registered: March 13, 2007 | | Posts: 21,610 |
| | Posted: December 18, 2008 6:47 PM | | | | Wrong, big daddy. remember this is profiler. Rule #1 Backup Rule #2 Backup Rule #3 Never talk about Fight club Rule #4 Backup. Now you know.  Skip | | | ASSUME NOTHING!!!!!!
CBE, MBE, MoA and proud of it.
Outta here
Billy Video |
| | Registered: March 29, 2007 | | Posts: 158 |
| | Posted: December 18, 2008 9:18 PM | | | | OK, here's the thing. Socialism is failure free. No matter what a mess you've made of things, you just keep on keepin' on and make a still bigger mess.
Capitalism necessarily involves failure. There can be nothing "too big to fail." Start thinking that way and you go the way of the late unlamented USSR.
The Goldman Sachs mentality seems to be that the important competition is getting the best execs. For that you have to show how generous you are to the current execs. What is this? Executivism? It ain't capitalism, where you are competing for customers, not executives. |
| | Registered: March 13, 2007 | | Posts: 4,596 |
| | Posted: December 18, 2008 9:21 PM | | | | Quoting karlpov: Quote:
OK, here's the thing. Socialism is failure free. No matter what a mess you've made of things, you just keep on keepin' on and make a still bigger mess.
Capitalism necessarily involves failure. There can be nothing "too big to fail." Start thinking that way and you go the way of the late unlamented USSR.
The Goldman Sachs mentality seems to be that the important competition is getting the best execs. For that you have to show how generous you are to the current execs. What is this? Executivism? It ain't capitalism, where you are competing for customers, not executives. I completely understand the business aspect of bonuses...but NOT ON MY DIME!!! | | | | My WebGenDVD online Collection |
| | Registered: March 13, 2007 | | Posts: 21,610 |
| | Posted: December 18, 2008 9:32 PM | | | | Or mine 8Ball.
Skip | | | ASSUME NOTHING!!!!!!
CBE, MBE, MoA and proud of it.
Outta here
Billy Video |
| | Registered: March 13, 2007 | | Posts: 1,414 |
| | Posted: December 18, 2008 9:43 PM | | | | And, it seems at the same time they're shifting their income offshore so their effective tax rate has dropped from 34% to 1%. It's nice to be a friend of Henry Paulson, isn't it? | | | | "This movie has warped my fragile little mind." |
| | Registered: March 29, 2007 | | Posts: 158 |
| | Posted: December 18, 2008 9:44 PM | | | | The real problem started when we refused to accept all the foreclosures coming in on subprime mortgages. The foreclosures were not the problem. They were the solution. Foreclosures are what happens when a buyer can't maintain his mortgage. This may be a damned shame, but the United States does not have the responsibility to bail the buyer out. A "subprime" mortgage is by definition a mortgage more likely to fail than a non-"subprime" mortgage. Unfortunately, this curious term "subprime" was used instead of the much clearer "extra risky". Hey dude, interested in some bonds based on extra risky mortgages?
We have still less responsibility to bail out irresponsible financial institutions or dinosaur carmakers. If the Detroit traditional-U.S. carmakers fail, that's just more business for the Asian-brand plants in the South. This may offend our chauvinism, but international competition is part of capitalism too and someday some U.S. brand will reverse the process if it's good enough. If it's good enough. Not until then. |
| | Registered: March 17, 2007 | | Posts: 853 |
| | Posted: December 18, 2008 10:11 PM | | | | Quoting 8ballMax: Quote:
Quoting karlpov:
Quote:
OK, here's the thing. Socialism is failure free. No matter what a mess you've made of things, you just keep on keepin' on and make a still bigger mess.
Capitalism necessarily involves failure. There can be nothing "too big to fail." Start thinking that way and you go the way of the late unlamented USSR.
The Goldman Sachs mentality seems to be that the important competition is getting the best execs. For that you have to show how generous you are to the current execs. What is this? Executivism? It ain't capitalism, where you are competing for customers, not executives.
I completely understand the business aspect of bonuses...but NOT ON MY DIME!!! In every job I ever had, I was told my bonuses were because of my superior performance... |
| | Registered: March 13, 2007 | | Posts: 4,596 |
| | Posted: December 18, 2008 10:46 PM | | | | Quoting Lord Of The Sith: Quote:
Quoting 8ballMax:
Quote:
Quoting karlpov:
Quote:
OK, here's the thing. Socialism is failure free. No matter what a mess you've made of things, you just keep on keepin' on and make a still bigger mess.
Capitalism necessarily involves failure. There can be nothing "too big to fail." Start thinking that way and you go the way of the late unlamented USSR.
The Goldman Sachs mentality seems to be that the important competition is getting the best execs. For that you have to show how generous you are to the current execs. What is this? Executivism? It ain't capitalism, where you are competing for customers, not executives.
I completely understand the business aspect of bonuses...but NOT ON MY DIME!!!
In every job I ever had, I was told my bonuses were because of my superior performance... Same here. Although do to our company's financial situation, bonuses were nixed a couple of years ago. | | | | My WebGenDVD online Collection |
| | Registered: March 13, 2007 | | Posts: 1,136 |
| | Posted: December 18, 2008 11:13 PM | | | | May I remind you, that the only rules that apply here are - The Invelos Club RulesI thank you (This has been a post on behalf of the self promotion group) | | | Signature? We don't need no stinking... hang on, this has been done... blast [oooh now in Widescreen]
Ah... well you see.... I thought I'd say something more interesting... but cannot think of anything..... oh well
And to those of you who have disabled viewing of these signature files "hello" (or not) Registered: July 27, 2004 |
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