Thursday, March 19, 2009

Lighting a match to the John Galt tinder box.

Let's say you are a company looking for worldclass leadership.  It does exist.  There are managers that truly make a difference that are badly needed.  Many work on a bonus system.  They get paid if they succeed.  They don't if they fail.  That was actually true in the AIG bonus fiasco.  They were paid bonuses to stay, to do necessary work.  They saved the tax payer billions.  But never mind, they need to be punished, as do other bonus earners.

So tell me again, why do these people want these jobs?? 


March 19, 2009

The pitchfork-and-torch crowd that would be Congress is coming after AIG and its now infamous bonuses, and it may further damage America's fragile financial system in the process.

That's because House Speaker Nancy Pelosi, given an opening by the anger over the $165 million in bonuses paid to AIG bigs, says the House will suspend its rules today and vote to impose a confiscatory 90 percent income tax on the AIG bonuses and perhaps those given after Dec. 31 to top executives at all companies that got more than $5 billion in government bailout money.

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