Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (464076)	3/16/2009 9:58:22 AM
From: combjelly	Read Replies (2) \| Respond to of 1579906

"We don't know if they're bonuses or sales commissions." Correct. "We don't know if they are "performance" bonuses which are clearly unjustifiable, or whether they are contractual commitments that must be met." Correct again. Your point? Again, that was the point of the "might". I guess you didn't understand the post you are responding to. So, I will try to explain. I don't buy that these guys are just paper pushers just following orders. If so, they are awfully overpaid. "Apparently, Frank wants to be able to control how much executives are paid -- even where no federal money is involved. If this is true, it is clearly far beyond any reasonable power for government to have." Probably. But, the current situation is untenable. They have been paid billions over the past few years to run what appears to be a con game. They definitely engaged in fraud with the unsecured CDS's. That, combined with the possibly poorly named bonuses, has gotten a lot of people pissed. To the point where they will be looking for ways to "do something". Granted, it isn't the best possible motivation, but it certainly is a natural one. Especially the way this has been handled. Contracts can be changed. It happens all the time. It takes negotiation, but it can be done. A recent example, as part of the bailout of the auto companies, the government required that they get some concessions on their union contracts. No such strings were put on the bailout of the financial system. Why is that?