Thomas Rogers
Well-Known Member
Les asked:
Please define "deserve" in this context?
If the bonuses were contracted and the executives met their contract obligations, then they would be "owed" the bonuses whether or not we think they are deserved.
It goes back to my comparision with factory workers that have lost or had their pensions cut. If we think they are getting a raw deal having their compensation cut because their companies have fallen on hard then then how does that differ from Wall St CEOs not getting bonuses they were contracted?
I submit that if one can get past the class bias that there is no difference. But alas, most can't get past that bias.
TJR
Who, besides AIG, thought they deserved the bonuses?
Please define "deserve" in this context?
If the bonuses were contracted and the executives met their contract obligations, then they would be "owed" the bonuses whether or not we think they are deserved.
It goes back to my comparision with factory workers that have lost or had their pensions cut. If we think they are getting a raw deal having their compensation cut because their companies have fallen on hard then then how does that differ from Wall St CEOs not getting bonuses they were contracted?
I submit that if one can get past the class bias that there is no difference. But alas, most can't get past that bias.
TJR
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