What most people don’t understand is many executives make very little in terms of a salary, but get the bulk of their pay in bonuses. What is the difference between making a million dollars in bonuses or making 100,000 per month?
Two hundred grand.
“What is the difference between making a million dollars in bonuses or making 100,000 per month?”
200K I’ll take the salary.
I have no problem with a man making a lot of money. Good for him, I say. But AIG at this point should be bankrupt because of bad business practices. Executives got big bonuses as they drove the company into the ground.
Now the company only exists because the government is propping it up. Are these executives currently getting bonuses based on business practices that are unsustainable?
I am no fan of Chuck Schumer. But to me this whole mess stinks.