Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Truth29
deferred compensation agreement
/////////////
How much? 50, 100, 150 thousand? More? Less?

Either way, if it wasn't for the 4 bailouts and 180 BILlion bucks, he wouldn't have even gotten that 1 dollar, let alone anything deferred.

Contracts are broken all the time. Thats when the courts come into play. But it seems very interesting that you don't hear alot of these 1-dollar-a-year folks saying they are going to sue obambi.

This guy was part of a company, one part of which was schemingly making enough money to let AIG pay him such a nice salary he could afford to work for $1/year.

Just because he wasn't in the department that was committing the holdup doesn't mean he wasn't getting part of the payoff.

I hate to agree with obambi’s clawbacks now, but if McCain and Bush had come out against this Bullsheet Bonus Bailout, we would have saved our Country TRILLIONS of dollars and much much more, our currency and possibly our freedom.

Thanks for the give and take

99 posted on 03/25/2009 9:00:22 AM PDT by TomasUSMC ( FIGHT LIKE WW2, FINISH LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM)
[ Post Reply | Private Reply | To 46 | View Replies ]


To: TomasUSMC
If we wanted to break the contracts, there was a process to do that through formal bankruptcy. That wasn't done. Now we have recovery by intimidation, threat and thuggery. Once the government is seen as not a trustworthy partner, the costs of any public private partnership will go up with a further risk premium. Also we are now seeing a scattering of resignations of AIG employees in the US and larger numbers in London. Some will say fine and well deserved, but the disruption will add to the costs and reduce the ultimate recovery as AIG units are sold. The result will be even more US Federal funds being lost.
112 posted on 03/25/2009 9:21:55 AM PDT by Truth29
[ Post Reply | Private Reply | To 99 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson