"A Boater" wrote in message
. ..
Eisboch wrote:
"Calif Bill" wrote in message
m...
"wf3h" wrote in message
...

the CEO gets a $40M golden parachute, free health care, servants and a
free house.

you're right; i feel sorry for them.



Jealous? Not all get a golden parachute.


Of course they all don't, but in some circles perpetuating that kind of
spin keeps the myth going and the mud flying.

They also don't seem to realize that whatever perks, golden parachutes,
pay, bonuses, etc. are negotiated up front as part of the CEO's
employment contract. Critics should be focusing their outrage on the
people (usually the Board of Directors) who approve these contracts, not
the people that get them. But, guess who the Board of Directors work
for? The stockholders. So, it comes full circle.

I'd love to see certain people refuse a job contract like that, in the
far fetched concept that it would ever be offered to them.

EIsboch





Those comp packages are just symptoms of the disease of greed that has
infected corporate culture and is part and parcel of the current wall
street meltdown.

I wouldn't have bailed out AIG with taxpayer money. Why the hell should I
give a damn if AIG's shareholders lose their shirts on a badly run
company. The shareholders should have bailed a long time ago. My
taxdollars should be spent to buy that company time to liquidate?

The company should have been busted up, with its insurance assets and
policies divided among other insurance companies, with the actual working
employees following the business along to the new companies, or being
offered reasonable severance and retraining programs. The execs who guided
the company into the grave should have been given two weeks to clear out
their desks.

It's amazing how capitalistic corporations are until they want or need
socialism.

They do not have an ASSET problem which would be a bankruptcy problem. They
have a liquidity problem. With the meltdown, they can not do the ordinary
business of selling assets to cover the operating money. Since the
government is also getting warrants with the loan, We the people may make a
bundle on AIG. Not the same with a lot of the other bailouts, like Fannie
Mae, etc.