Comments on: AIG Bonuses After Bailout http://www.techbanyan.com/3870/aig-bonuses-after-bailout/ American Trends Sat, 20 Mar 2010 12:57:50 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: Patriotik http://www.techbanyan.com/3870/aig-bonuses-after-bailout/comment-page-1/#comment-76006 Patriotik Fri, 20 Mar 2009 04:43:49 +0000 http://www.techbanyan.com/?p=3870#comment-76006 Try replacing the word "bonus" with the word "salary", because that is what a retention bonus is. It would be different if they were being paid performance bonuses, but they are not. They are being paid, a pre-determined amount, for not bailing on a company that would have a very hard time hiring someone even half as qualified to replace them. It should be called a "lump sum salary payment" because that is a more accurate term, but it requires less effort and stimulates better reviews from the shock value if you call it a "bonus". I don't see how you can make any comparison to capitalism. This is an issue caused by socialism. With Capitilism, companies that screw up, pay the price by going out of business or filing bankruptcy. With Socialism, the government gives the company enough money to essentially own 80% of the company. So what system failed you? Not capitalism, because we switched to socialism with the first bailout. We switched to socialism when we started propping up certian markets, creating bubbles. Instead of letting capitalism work, we create bubble markets. They call them bubble markets because bubbles burst. It hurts a lot more when the bubble bursts than if we would just let capitalism take its natural course. There is no capitalism at work with AIG at the present moment. Try replacing the word “bonus” with the word “salary”, because that is what a retention bonus is. It would be different if they were being paid performance bonuses, but they are not. They are being paid, a pre-determined amount, for not bailing on a company that would have a very hard time hiring someone even half as qualified to replace them. It should be called a “lump sum salary payment” because that is a more accurate term, but it requires less effort and stimulates better reviews from the shock value if you call it a “bonus”.

I don’t see how you can make any comparison to capitalism. This is an issue caused by socialism. With Capitilism, companies that screw up, pay the price by going out of business or filing bankruptcy. With Socialism, the government gives the company enough money to essentially own 80% of the company. So what system failed you? Not capitalism, because we switched to socialism with the first bailout. We switched to socialism when we started propping up certian markets, creating bubbles. Instead of letting capitalism work, we create bubble markets. They call them bubble markets because bubbles burst. It hurts a lot more when the bubble bursts than if we would just let capitalism take its natural course. There is no capitalism at work with AIG at the present moment.

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