Profit Motive at work here....

[Eric5273]

Bankrupt a company, get $165 million in bonuses. You guys sure are right when you say that keeping corporations in private hands give an incentive for people to work hard. I'd hate to see what would happen to such a fine corporation if it got nationalized and the workers started to slack off -- there would be no motivation for them to work hard anymore. This is surely a fine example of capitalism and profit motive!

http://www.nytimes.com/2009/03/15/bu.../15AIG.html?hp
A.I.G. Planning $165 Million in Bonuses After Huge Bailout

[Wagner]

Originally Posted by Eric5273

Bankrupt a company, get $165 million in bonuses. You guys sure are right when you say that keeping corporations in private hands give an incentive for people to work hard. I'd hate to see what would happen to such a fine corporation if it got nationalized and the workers started to slack off -- there would be no motivation for them to work hard anymore. This is surely a fine example of capitalism and profit motive!

http://www.nytimes.com/2009/03/15/bu.../15AIG.html?hp
A.I.G. Planning $165 Million in Bonuses After Huge Bailout

I think we all agreed IAG was horse_hit. so....AIG has failed in many countries, just like Socialism...OK now I see your connection

Here is the part that should make you puke since you're now part of the 80% shareholders of AIG:

The group of top executives getting bonuses will receive half of the $9.6 million now, with the average payment around $112,000.

[Eric5273]

But we see the same thing happening at all the banks and investment companies that received bailout money. And even at some of the companies that went under, they still paid out huge bonuses right before they closed down.

This idea of "profit motive" works extremely well with small business owners like us. But it is very absent from large corporations, who pay their exectives large salaries and bonuses regardless of performance.

[Wagner]

Maybe so, but you don't fix that with government running the company. Make more stringent laws/guidance for share/stockholders. Create greater transparency in revenue, net/gross as well as loss. Not more government running the business. Just take a gander at one 100% government entity, conceived by the government in time of "crisis" and run by the government for decades...social security. That should pretty much explain how governments are at running business.

[blondboinsd]

Originally Posted by Eric5273

Bankrupt a company, get $165 million in bonuses. You guys sure are right when you say that keeping corporations in private hands give an incentive for people to work hard. I'd hate to see what would happen to such a fine corporation if it got nationalized and the workers started to slack off -- there would be no motivation for them to work hard anymore. This is surely a fine example of capitalism and profit motive!

http://www.nytimes.com/2009/03/15/bu.../15AIG.html?hp
A.I.G. Planning $165 Million in Bonuses After Huge Bailout

You are 100% socialist Eric. Move to a country where your stupidity is the norm and see what you get. I don't agree with these excessive bailouts. They should be tied to the company's profits but I sure as F*ck don't want the government running it. Their anything but effective. Next thing your going to tell me we should have single payor. Excuse me while I vomit.