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Based on the news coming out it seems these bonuses were in fact paid to the employees who made the mess, so much for the importance of top talent. Sorry Neal these are the guys who sank the ship. They may be the only ones who know how to right the ship, but that is an assumption. Maybe they are still “worth” it, I don’t know. This flies in the face of your “unproductive employees should not be rewarded” philosophy.<br> What I do believe needs to be defended are the contracts. Contracts can always be renegotiated, but if the government is always going to use its power to render contracts null and void if the people don’t like something or other then that’s a problem. <br> This also seems to be a witch hunt against capitalism, profits, businesses, and the banks in general. I find this tone by our politicians unacceptable. Cuomo is buffing his street cred, Obama gets to lecture us about the virtues of labor without bonuses as if this is Star Trek, Frank and Dodd get to deflect from their own culpability, and yet another Republican senator gets to make an idiot of himself by recommending AIG execs commit seppuku.
By David D
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