It Pays To Be Bankrupt !!! fucking crazy! - GoFuckYourself.com

directfiesta · 07-23-2004, 03:12 PM

PG&E's top brass gave themselves $83 million in bonuses earlier this year for doing such a good job during the utility's bankruptcy proceedings.

This month, they handed out an additional $89 million in bonus money for, well, doing such a good job during the utility's bankruptcy proceedings.

Quote:

The millions given to 17 senior managers in January were retention bonuses to reward them for doing their jobs even though times were tough.

The millions given on July 9 to the same 17 execs -- as well as, on a much smaller scale, to about 6,500 other managers and nonunion employees -- were performance bonuses to reward them for doing their jobs so well.

http://www.sfgate.com/cgi-bin/articl...UGN77RQ2P1.DTL

Imagine how much they would of gotten if they would of made the company profitable ...????

or would they?

WebTitan · 07-23-2004, 03:14 PM

THATs pretty fucked up...

woj · 07-23-2004, 03:44 PM

wow, that's really messed up... stuff like that really helps people lose confidence in the stockmarket.... :

Drake · 07-23-2004, 03:51 PM

Proof that you don't have to be smart or work hard to become rich. Opportunistic and underhanded....yes. But they'll tell you and themselves that they are worth every penny and deserve it.

FlyingIguana · 07-23-2004, 11:22 PM

Quote:

Originally posted by woj
wow, that's really messed up... stuff like that really helps people lose confidence in the stockmarket.... :

thats a corporate governance issue

most stockholders allow this shit to happen and do nothing about it.

RicardoB · 07-24-2004, 01:40 AM

If the enviroment we live in allows for seyups like that to happen unchecked You have a recipe for destruction for the economy as we know it.

Damn this world is becoming more fucked up by the minute!

bringer · 07-24-2004, 01:49 AM

drive a company bankrupt and get a bonus? where do i sign?

07-23-2004, 03:44 PM	#3
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	wow, that's really messed up... stuff like that really helps people lose confidence in the stockmarket.... : __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

07-23-2004, 03:51 PM	#4
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	Proof that you don't have to be smart or work hard to become rich. Opportunistic and underhanded....yes. But they'll tell you and themselves that they are worth every penny and deserve it. Last edited by Drake; 07-23-2004 at 03:52 PM..

07-24-2004, 01:40 AM	#6
RicardoB Confirmed User Join Date: Jan 2004 Posts: 2,576	If the enviroment we live in allows for seyups like that to happen unchecked You have a recipe for destruction for the economy as we know it. Damn this world is becoming more fucked up by the minute! __________________ Let Me Show Ya How I Really Feel Ricardo's Rants

07-24-2004, 01:49 AM	#7
bringer i have man boobies Join Date: Jul 2003 Location: van down by the river Posts: 13,082	drive a company bankrupt and get a bonus? where do i sign? __________________ 333-765-551

07-23-2004, 03:14 PM	#2
WebTitan Confirmed User Join Date: Mar 2003 Location: Western NY Posts: 5,114	THATs pretty fucked up...