Treasury approved pay raises at bailed-out companies
Re: Treasury approved pay raises at bailed-out companies
by The Comrade » Tue Jan 29, 2013 9:31 am
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Re: Treasury approved pay raises at bailed-out companies
by The Comrade » Tue Jan 29, 2013 9:33 am
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Re: Treasury approved pay raises at bailed-out companies
by Professor » Tue Jan 29, 2013 9:41 am
Not sure I understand the fauxrage here.
Ally Financial paid off its debt, plus interest, in Dec 2012.
General Motors paid off its debt, plus interest, in April 2010.
AIG paid off its debt, plus interest, in January 2011. (sidenote - the Fed made $23 billion off the AIG deal)
So, these guys make enough money to not only pay back their debts, plus interest and ahead of schedule, but they also turn a profit for their shareholers.
Why don't they deserve a raise?
Ally Financial paid off its debt, plus interest, in Dec 2012.
General Motors paid off its debt, plus interest, in April 2010.
AIG paid off its debt, plus interest, in January 2011. (sidenote - the Fed made $23 billion off the AIG deal)
So, these guys make enough money to not only pay back their debts, plus interest and ahead of schedule, but they also turn a profit for their shareholers.
Why don't they deserve a raise?
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Re: Treasury approved pay raises at bailed-out companies
by Indy » Tue Jan 29, 2013 9:43 am
Well here's the thing that people should also keep in context with regard to the Wall St. thing.
Previously, the idea behind Wall St. was that keeping them afloat meant creating value, in that they would invest in things that created goods or services; i.e., wealth.
Nowadays they simply create... money. For themselves. Big difference.
Previously, the idea behind Wall St. was that keeping them afloat meant creating value, in that they would invest in things that created goods or services; i.e., wealth.
Nowadays they simply create... money. For themselves. Big difference.
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