Bailout Bonuses
What's cooking ???, What else US public is angry over AIG bonuses and US Congress is fuming over the same and Media is busy in covering all this. Lobbyists you won , bailout money for bonus !!!
The bonuses AIG paid are legal obligation for the company it seems. But where the money came from makes the difference. Its hard earned money of people paid in the form of tax to government is paid as bonus in millions of dollars. House is planning 90% tax on this bonus. Still 165 Millions of dollars in bonus....No comments !!!
Bank of America another company which received bail out from US Treasury, paid more than 1 billion dollars in bonus to its employees. Citi, Morgan Stanley etc., are not revealing how much they paid on bonuses.
This calls for more strict regulations on companies taking bail out. So US House may need to concentrate more on the Big Fishes (top executives) taking millions of dollars of tax money, rather than on small fishes (foreign workers) who are competing for job with US grads.
So i request US Senate not to worry about the whole which is on the top of the ship, rather work on the whole at the bottom of the ship.
The bonuses AIG paid are legal obligation for the company it seems. But where the money came from makes the difference. Its hard earned money of people paid in the form of tax to government is paid as bonus in millions of dollars. House is planning 90% tax on this bonus. Still 165 Millions of dollars in bonus....No comments !!!
Bank of America another company which received bail out from US Treasury, paid more than 1 billion dollars in bonus to its employees. Citi, Morgan Stanley etc., are not revealing how much they paid on bonuses.
This calls for more strict regulations on companies taking bail out. So US House may need to concentrate more on the Big Fishes (top executives) taking millions of dollars of tax money, rather than on small fishes (foreign workers) who are competing for job with US grads.
So i request US Senate not to worry about the whole which is on the top of the ship, rather work on the whole at the bottom of the ship.
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