Posts Tagged ‘Bonues’
We at USDemocrazy are happy to announce that we have decided NOT to give out bonuses to our staff this year…
We thought that might be a popular move, as it seems ALL of America is against bonuses right now. (Except of course, the staff at USDemocrazy.)
The cause of America’s outrage is mega insurance company AIG. It has been caught doing some naughty things with taxpayer’s money and NO ONE IS HAPPY ABOUT IT (except the hundreds of AIG employees who received $165 million in bonuses recently).
The problem with these bonuses is:
1) AIG Lost a staggering $61.7 billion in that last quarter of 2008 (a record).
2) Taxpayers bailed out the faltering AIG to the tune of $170 billion.
3) Despite AIG ’s clear failures, the company decided to reward bonuses to staff with the taxpayer funds.
Taxpayers are rightly ticked off and are demanding action from their foks in Washington.
The Obama administration is quickly trying to find a way to block/stop/steal the funds back from the Bonus Baddies. There are thorny legal issues involved and serious political ones as well.
Tim Geithner, Obama’s Treasury Secretary may even lose his job over this “Bash the Bonuses” frenzy.
How do you feel about these bonuses? Send us your thoughts. Or send us food… without their annual bonuses, the staff at USDemocrazy may be in need of any and all assistance.
