BF2S Forums Devalued Prime Minister in a Delavued Government

well silence as expected.

so, how about this.  do you think obama will waffle on this just like he did the AIG bonuses?

destruktion_6143 wrote:

hmm, interesting. are these bonuses for the CEO's or for the grunts of the company?

The retention awards for more than 7,600 employees were disclosed in a letter from the companies' regulator released Friday by Sen. Charles Grassley of Iowa, the senior Republican on the Senate Finance Committee. The companies paid out nearly $51 million last year, are scheduled to make $146 million in payments this year and $13 million in 2010.

Glad the number in dollars is dropping though.

Last edited by AussieReaper (2009-04-03 23:05:37)

destruktion_6143 wrote:

so this isnt like AIG paying bonuses to the few CEO's that ran the company into the ground?

Well, no. But

Fannie and Freddie declined to comment on Friday. Fannie had disclosed that it plans to pay four top executives at least $1 million each in retention payments that run through February. Freddie has yet to report on which executives are in line for the awards.

At least four are getting at least $1 million. It isn't a huge number, but the key words here are "at least."

I can understand the reasoning behind it:

Mortgage finance giants Fannie Mae and Freddie Mac plan to pay more than $210 million in bonuses through next year to give workers the incentive to stay in their jobs at the government-controlled companies.

But at the same time I really doubt anyone would quit their job during a recession with the jobless ques mounting as they are. And the logic of keeping a winning formula also doesn't work.

It is really about not spooking the stock market. If CEO's heads start to roll, the next in line is unexperienced and you always see a fall in market value. Which is something these companies cannot afford, and the govt. cannot afford it. It is tax payer money at risk.

Last edited by AussieReaper (2009-04-03 23:14:47)

the main point is they started this whole mess, now they get bonuses.  whether it be 1 dollar or 1 million it is still bullshit.  whether its a grunt or CEO.  if it wasnt for the taxpayer, they wouldnt even have a job right now.  change we can believe in.