Thursday, March 19, 2009

Bonus outrage

Pier 14, Part Deux

About the picture: This photo allows you to see the pier that juts out into the bay. It's a nice walkway with brushed stainless steel chairs bolted onto the pier.

About current events:
By the time, I'm sure most of you have heard about the wrath of the American people with respect to the retention bonuses paid by AIG to some executives. I will put my two cents into this as well. Yes, it is extremely distasteful to dole out bonuses when AIG asked for federal bailout money and on top of that those guys were partially responsible for the mess. In the meantime, thousands of Americans across the country are out of jobs and struggling to make ends meet. However, I don't think the death threats AIG is publicizing are appropriate reactions either. Piano wire around people's necks? That's pushing the envelope of decency.

About the guy who got $6.4 million in bonuses ... his bonus alone would be enough to feed multiple families! What does one person do with so much money? Buy all the luxury goods in the world, the most expensive properties, go on luxury vacations at exclusive resorts, buy art? The list goes on and on I guess. What I'd like to know is what makes this guy so smart that he deserves this disgustingly huge sum of money.

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