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Specifically, AIG does not want the people in that division, who may be the only people on the planet who actually understand the economic mess, to stay around working for them instead of going off somewhere else and using that knowledge to make AIG fail even more.
Standard excuse given by the financial industry as to why they
NEED to pay the bonus's at all. Its bollox. Especially now. You reckon its hard getting a job in any other field? You want to try and get a decent paying job in the financial sector atm.....
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I know it's terrifically simplistic to just label all the high paid executives at AIG as "to blame" for everything, but that doesn't help the situation, does it?
And handing out huge payments helps how exactly?? Imo it would encourage the same executives to continue making the poor decisions.
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There are lots of business decisions made for incredibly good reasons, that when simplistically tossed in front of the masses will appear to be unfair.
What? Like the decision AIG and many others took to set up a
gambling division. Seemed like a dumbass move when I first learned about it. Seems i was right.
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Do you know if blocking those bonuses will help those people?
I doubt it will. But handing out fat wedges of tax-payers dollars to executives of failed financial companies
certainly pisses them off.
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You're complaining about the tiniest portion of money here.
I'm not complaining. It doesn't effect me. But the perception is amongst the 'masses' is that there are 2 sets of rules. 1 for the auto/factory/retail worker etc, and another for the same silly c'unts who have been creaming the system. And in this, I agree with the 'masses'.
The financial industry/gambling corp. is taking the ****. And it would seem in my humble opinion that the govt doesn't appear to be doing very much to stop them. Yet.
Like I said...Why? I don't know. But the redistribution of wealth from the middle classes to the wealthy seems to be continuing at a somewhat accelerated rate.