For you people that are upset about the bonuses - GoFuckYourself.com

theking · 03-20-2009, 05:15 AM

,,,These bonuses were not performance based bonuses. They were retention based bonuses and in fact were not really bonuses but contracted salaries. Because of something to do with taxes the company pays a smaller salary on the books and uses contracted retention "bonuses" to pay what the actual salaries are. This whole thing is simply the media and politicians posturing for the sheeple.

candyflip · 03-20-2009, 05:45 AM

Pigshit.

nation-x · 03-20-2009, 05:51 AM

Obama won't sign it into law... mark my words... he will veto the bill if they send it to him.

sperbonzo · 03-20-2009, 06:07 AM

Quote:

Originally Posted by theking

,,,These bonuses were not performance based bonuses. They were retention based bonuses and in fact were not really bonuses but contracted salaries. Because of something to do with taxes the company pays a smaller salary on the books and uses contracted retention "bonuses" to pay what the actual salaries are. This whole thing is simply the media and politicians posturing for the sheeple.

You're exactly right. First of all Chris Dodd has already said that it was the administration that actually pushed to have the provision to allow payment of bonuses in the first place. This thing is a smokescreen for the fact that congress VOTED for the payment of bonuses.

Second, how fair, (or even constitutional), is it to prejudicially change higher income tax for one group of people.

So if you work for a company, and you have a contract to be paid a certain amount. Now all of the sudden the government decides to give the company money, and now they come and tell you that you are going to be taxed at 90% for the income that you are owed by contract when you took the job.

I don't see how anyone can think that this move by congress is a good idea.

.

StuartD · 03-20-2009, 06:10 AM

Uhmm.. I said that already. Go crawl back into your hole.

JimmiDean · 03-20-2009, 06:10 AM

I went through this back when I worked for Nortel.
Paying huge rentention bonuses to keep people who really have no place to go these days anyways is BULL, no matter what its called.
I guess if you want the tax payers and the Gvt not to run your bizz dont borrow cash from them.
Then you only answer to the share holders.
You want public funds you are going to be accountable to the puiblic.

12clicks · 03-20-2009, 06:18 AM

Quote:

Originally Posted by sperbonzo

Second, how fair, (or even constitutional), is it to prejudicially change higher income tax for one group of people.

you mean like obama's plan to tax those stinking rich people?

pornguy · 03-20-2009, 06:26 AM

Sorry to say But they money should not have been given either way. if they dont have it in the coffers they dont have it to give.

CIVMatt · 03-20-2009, 06:27 AM

Bonus were ok'ed by the very people on the hill screaming about it... the whole system is fucked

PornMD · 03-20-2009, 07:32 AM

Quote:

Originally Posted by sperbonzo

So if you work for a company, and you have a contract to be paid a certain amount. Now all of the sudden the government decides to give the company money, and now they come and tell you that you are going to be taxed at 90% for the income that you are owed by contract when you took the job.

Or the govt could have let them fail and they would have gotten nothing anyways, right? I like that plan better (not now unfortunately $150+ billion later). I don't see what's wrong with this law though - the government saves your company from collapse with gobs of TAXPAYER money - you should be thankful to still have a f'in high executive position that we allowed you to still have. Enough executives in other companies are perfectly happy to take pay cuts in this time to ensure their company's success, why not these bozos? Oh yea, they want to be able to pay for their luscious retreats, I forgot.

My only concern with this law is the possibility of a slippery slope starting from this, but I'm not at all feeling bad for those executives. I mean you KNOW people in general aren't going to like your getting bonuses after being bailed, those people including many INVESTORS in your company, why take them? IMO helps to show the issues with how things have been run in that company.

GregE · 03-20-2009, 07:42 AM

Quote:

Originally Posted by JimmiDean

I guess if you want the tax payers and the Gvt not to run your bizz dont borrow cash from them.
Then you only answer to the share holders.
You want public funds you are going to be accountable to the puiblic.

Bingo

IllTestYourGirls · 03-20-2009, 07:45 AM

It is all a smoke screen for the Trillion in bonds the fed bought

http://uk.biz.yahoo.com/19032009/325...s-economy.html

This is it. This is the make or break point. There is no turning back. These bonuses mean shit, they are a distraction.

Paul Markham · 03-20-2009, 07:45 AM

Quote:

Originally Posted by JimmiDean

I went through this back when I worked for Nortel.
Paying huge rentention bonuses to keep people who really have no place to go these days anyways is BULL, no matter what its called.
I guess if you want the tax payers and the Gvt not to run your bizz dont borrow cash from them.
Then you only answer to the share holders.
You want public funds you are going to be accountable to the puiblic.

Exactly right. They could always refuse the money and run the company as they see fit. Plus if the employees don't like the new rules they can resign and try to find better terms elsewhere.

SilentKnight · 03-20-2009, 07:53 AM

Fed bailout - robbing Peter to pay Paul.

The feds are so far in debt to their eyeballs to begin with - and now they're giving these corporate assholes bailout funds?

Following that principle - perhaps everyone on welfare should start their own loan companies.

03-20-2009, 05:15 AM	#1
theking Nice Kitty Industry Role: Join Date: Sep 2002 Location: The good old USA!!! Posts: 21,053	For you people that are upset about the bonuses ,,,These bonuses were not performance based bonuses. They were retention based bonuses and in fact were not really bonuses but contracted salaries. Because of something to do with taxes the company pays a smaller salary on the books and uses contracted retention "bonuses" to pay what the actual salaries are. This whole thing is simply the media and politicians posturing for the sheeple. __________________ When you're running down my country hoss...you're walking on the fighting side of me! FOR THE LYING LOWLIFE POSTING AS PATHFINDER...https://gfy.com/fucking-around-and-pr...athfinder.html

03-20-2009, 05:45 AM	#2
candyflip Carpe Visio Industry Role: Join Date: Jul 2002 Location: New York Posts: 43,067	Pigshit. __________________ Spend you some brain. Email Me

03-20-2009, 06:10 AM	#5
StuartD Sofa King Band Join Date: Jul 2002 Location: Outside the box Posts: 29,903	Uhmm.. I said that already. Go crawl back into your hole. __________________ This is me on facebook This is me on twitter

03-20-2009, 06:10 AM	#6
JimmiDean Confirmed User Join Date: Nov 2004 Location: Margarittaville Posts: 3,433	I went through this back when I worked for Nortel. Paying huge rentention bonuses to keep people who really have no place to go these days anyways is BULL, no matter what its called. I guess if you want the tax payers and the Gvt not to run your bizz dont borrow cash from them. Then you only answer to the share holders. You want public funds you are going to be accountable to the puiblic. __________________ My God there's Porn on here! Still on the Beach !!! Last edited by JimmiDean; 03-20-2009 at 06:12 AM..

03-20-2009, 06:26 AM	#8
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	Sorry to say But they money should not have been given either way. if they dont have it in the coffers they dont have it to give. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

03-20-2009, 05:51 AM	#3
nation-x Confirmed User Industry Role: Join Date: Mar 2004 Location: Rock Hill, SC Posts: 5,370	Obama won't sign it into law... mark my words... he will veto the bill if they send it to him.

03-20-2009, 06:27 AM	#9
CIVMatt Amateur Pimpin Industry Role: Join Date: Aug 2004 Location: Orlando, FL Posts: 13,075	Bonus were ok'ed by the very people on the hill screaming about it... the whole system is fucked __________________ Make easy money with Webcams

03-20-2009, 07:45 AM	#12
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	It is all a smoke screen for the Trillion in bonds the fed bought http://uk.biz.yahoo.com/19032009/325...s-economy.html This is it. This is the make or break point. There is no turning back. These bonuses mean shit, they are a distraction. __________________

03-20-2009, 07:53 AM	#14
SilentKnight Megan Fox's fluffer Industry Role: Join Date: Oct 2005 Location: shooting pool in Elysium Posts: 24,818	Fed bailout - robbing Peter to pay Paul. The feds are so far in debt to their eyeballs to begin with - and now they're giving these corporate assholes bailout funds? Following that principle - perhaps everyone on welfare should start their own loan companies.