What is Digg?52 Comments
- Pyehole, on 10/23/2008, -0/+31The way I see it, if they put limits on how funds like foodstamps can be used when they give money out to the poor that need it, they can put limits on it when they start giving out money to Wall Street too.
- stutimandal, on 10/23/2008, -0/+28I welcome this move.
- duggdowncatisad, on 10/23/2008, -1/+22About time. As a taxpayer I'm ***** PISSED that these ***** that ruined our economy get to spend OUR TAX DOLLARS on private jets, country club dues, hookers, blow, lavish parties, etc. while Joe the Plumber struggles to find enough money to feed his family and pay the mortgage after he gets done paying $4 a gallon to fill up his van.
- Endit, on 10/23/2008, -0/+14I still hate AIG though, and this doesn't make up. Instead of freezing money, they should be taking money back.
- yardie, on 10/23/2008, -0/+13I wonder where the wall street analysts are now on executive compensation. The same ones that said compensation shouldn't be tied to performance since executives are hired to take risks. And they believed high-powered executives wouldn't take the necessary risks if they couldn't be guaranteed a paycheck? These same people bankrupted airlines, bankrupted technology companies (SGI), and now have bankrupted the banks. I assume the business schools these guys came from has a business ethics class that no one appears to be taking.
- nixr, on 10/23/2008, -1/+13Freeze? ***** that. Make them return every damn penny.
- financedude2, on 10/23/2008, -1/+11As a post-bailout owner of AIG, I approve this move.. despite not having any voting rights.
- gmeluski, on 10/23/2008, -0/+9They don't understand the concept of risk.
- inactive, on 10/23/2008, -1/+9AIG is full of crooks. Always has been. trust me, my mom worked at AIG for 6 years at AIG as an IT consultant and could be laid off any day. all of these guys are crooks. they scammed everybody in a lot of other ways than this. and freezing this isn't really going to do anything, they're already rich. what they will do is fire the innocent workers who actually do their job, and ship all of their needs to indian companies.
- rzk0000, on 10/23/2008, -1/+9I agree 100 percent.
- MindStalker, on 10/23/2008, -0/+7Umm they are frozen until they payback the full bailout. That may be never, and if they do manage to pay them back its their business after that point what they pay executives... Of course the very fact that they needed the bailout means they need more future regulation, executive pay may be one of them but I doubt it.
- agree2disagree, on 10/23/2008, -2/+8AIG IS EPIC FAIL
- playmusic, on 10/23/2008, -1/+7I work for them in IT and have some of the nicest coworkers and managers ever. We are not crooks... We actually do a better job than the majority of other companies around (and still do even through this). It's just amazing how a handful of CEO's at the top can bring a good company down and hurt so many hard-working Americans.
- inactive, on 10/23/2008, -1/+6samething. The word you are looking for is either terminated or canceled.
- azbmr, on 10/23/2008, -0/+5Though, I must admit, the silver-lining to this economic crisis is that oil's price per barrel is hurting and I don't know about you but gas prices in New England are between $2.50 and $3.00 at this point. They used to be $3.75 to $4.00 up here.
- moses141, on 10/23/2008, -0/+5Ok -- now what about the $70B getting paid out in bonuses at Goldman, Morgan, Merrill, etc.? Let's see -- we give them $250B to lend out and unfreeze the credit markets, and they turn around and pay $70B of that in bonuses...
http://www.guardian.co.uk/business/2008/oct/17/exe ... - saigumi, on 10/23/2008, -0/+5Give me 15 million a year and I will take all the business risks you want.
Want the company to sell iceboxes to Eskimos? AWESOME IDEA! Risky since no one has ever pulled it off... Give me 2 million. - SuperVepr308, on 10/23/2008, -1/+5Good. To hell with paying for failure and that goes for everyone, not just CEO's.
- sdevinen, on 10/23/2008, -0/+4All of the assets of the bastards should be seized no matter how and where they might be hiding them.
- toetagger, on 10/23/2008, -1/+5How convenient to freeze them when they should be reduced.
- Vicken, on 10/23/2008, -0/+4Freeze? How bout SUSPEND!
- Midtowner, on 10/23/2008, -0/+4The trouble with these compensation packages is that boards which award these things (and the institutional investors who elect the boards) have no legal duty to ensure that the payment plans actually reward sound long-term policy... and after all.. how the heck do you structure an executive compensation plan which rewards good long-term growth decisions?
I think the problem is two-fold. On the one hand, we have to look at our accounting practices throughout the industry. We have to make sure that a corporate balance sheet is a reliable indicator of the assets the corporation actually has.
Compensation plans need to reward success and not reward failure. I think Congress needs to sit down and regulate executive compensation. It needs to be clear that these guys’ purpose in life is to make their investors money, not loot the company treasury. While I’m against capping executive compensation, I’m not against holding boards and officers accountable if it appears that their actions are not in the company’s best interest. In other words, I think we need to take a long, hard look at the laissez-faire principles we currently attach to the business judgment rule and come back with something which requires accountability, but allows a company to reward real success. - inactive, on 10/23/2008, -0/+3How about confiscate their assets?
- Vicken, on 10/23/2008, -0/+3lol commenting on digg at 5:30am has some side effects. I did mean terminate. Thanks
- Goodanswer, on 10/23/2008, -1/+4This morning I saw pigs flying and hell freezing over ...I knew something had to be up!
- biggyfred, on 10/23/2008, -0/+3Uh, why wasn't this a part of the bailout agreement? AIG shouldn't be "agreeing" to anything. They should be on their knees hoping the government doesn't change the deal any more.
- beeensy, on 10/23/2008, -1/+4remember those AIG commercials with the distance runner who always kept pace? they should do an update on how that guy is doing these days...
- webkami, on 10/23/2008, -1/+3Good move but on 19m frozen, who let the rest melt?
- DeFex, on 10/23/2008, -0/+2Freeze? how about massively reduce?
- dupswapdrop, on 10/23/2008, -0/+2Jail them!
- sdevinen, on 10/23/2008, -0/+2I'd rather pay $4.00/gallon instead of losing what was stolen from my investments...
- inactive, on 10/23/2008, -1/+3Why should I believe WSJ? Wasn't it them who said McCain won the debates before it began?
It getting harder and harder to trust any source of news anymore. - sdevinen, on 10/23/2008, -0/+2Yes, jail them - this is nothing less than grand larceny/theft with government collusion. All congressmen and senators should be voted out - no exceptions.
- MxM111, on 10/23/2008, -0/+2NO! He worked really REALLY hard. He worked alone like 500 of us. He deserves...
Ah! Whom am I kidding? I welcome this move. - inactive, on 10/23/2008, -0/+2we must throw are hats in the ring
`
I will,,, I'm a retard, but I beat the snot out of my city in civil, and criminal court ,wan thay messed with me `. ;~}
check out all 7 kik cop but vids on my u--- t--- channel
http://www.youtube.com/watch?v=n11qnAJP1VI - inactive, on 10/23/2008, -0/+2Agree 100%
- diggopolous, on 10/23/2008, -0/+1Yep, please spread the word - they are coasting on the reputation of integrity they earned befor Rupert Murdoch bought it and it is turning into a scandal sheet.
- brunomertins, on 10/24/2008, -0/+1German Bank Demands Money Back from Greedy Ex-Employees... NOT ONLY THEIR CURRENT PAYMENTS!!!
http://www.spiegel.de/international/germany/0,1518 ... - inactive, on 10/23/2008, -0/+1Sadly, voted down as incomprehensible rambling. Sorry if you had some actual content there.
- chetanw, on 10/23/2008, -0/+1At last - a baby step in the right direction.
- inactive, on 10/23/2008, -0/+1FROZEN AFTER 99% COMPLETE
- AmazingSteve, on 10/23/2008, -0/+1Yeah me too. It obviously doesn't take a ***** genius to run these companies. I can sit on my ass doing nothing and collect millions too!!
- pfxglobal, on 10/23/2008, -0/+1You should read this too. It explains everything the Fed has done in the bailout and crisis:
http://www.learningmarkets.com/index.php?option=co ... - TheRealJDArtist, on 10/23/2008, -0/+1It probably would have happened, anyway. Gas prices always "miraculously" fall right before an election, then "mysteriously" inch right back up afterward. Why, it's almost like someone is manipulating them.... (-;
- inactive, on 10/25/2008, -0/+0This is indeed just a show. While $19MM may look like a lot of coin to a bottom feeder who thinks the tax payers don't buy enough groceries him (see above), this is simply good PR aimed at the stupid.
AIG retaining 19, is like an individual refinancing their house to save 78 cents a month on their mortgage. It's not going to strengthen AIG's financial position or prevent the economic blood bath that has only just begun (in it's mildest form). - inactive, on 10/23/2008, -2/+2Joe the plumber also is struggling to find his plumbing license .... and his name
- CedEx, on 10/24/2008, -0/+0That guy is on a stretcher right now...
- binkiz, on 10/23/2008, -0/+0A freeze?! Come on! The government should of had more regulations and specific purposes for this money. The executives already have it where they want it and they are leaving with it in their pockets. They cut $8MM on events and conferences.. oh big deal its all just part of the show to get the public to back off them a little.
- saigumi, on 10/23/2008, -0/+0Oh no, those execs will have to quit and get higher paying jobs. And AIG will complain in a few months when they "can't find anyone to take the job for a measly 7 million a year."
-
Show 51 - 52 of 52 discussions
The Digg Toolbar for Firefox lets you Digg, submit content, and keep track of Digg even when you're not on the Digg site. Download the official 
© Digg Inc. 2009
— Content created and posted by Digg users is