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| Fannie Mae, Freddie Mac employees to receive bonuses | |
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| Tweet Topic Started: Apr 4 2009, 09:29 PM (436 Views) | |
| Dark Founder | Apr 4 2009, 09:29 PM Post #1 |
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Lt. Commander
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http://online.wsj.com/article/SB123876318076986497.html
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| Almighty | Apr 4 2009, 09:34 PM Post #2 |
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Give that Roo a beer
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As i understand it these businesses are going out the door backwards and they hand out retention bonuses? That makes no sense Let them go if they think they can get more money elsewhere and save the company money to use on working out how operate more efficiently |
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| CaptDennyCrane | Apr 5 2009, 05:51 AM Post #3 |
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Shat Happens
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and is it that the bail out money is really only being used to bail out the fat cats in giving them retention bonuses so they stay? I mean of course they are going to stay - is not like there's another job out there right now willing to pay them $200K a year, and give them 5-6 figure bonuses when their track record accomplishments include just about the dumbest business sense ever devised and personally having assisted in the demise of the company |
![]() ![]() ![]() ![]() ![]() You cant expect 110% from others, when most times, they don't expect even 90% from themselves. -- Me. No matter how hard your day, no matter how tough your choices, how complex your ethical decisions, you always get to choose what you have for lunch. | |
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| wissaboo | Apr 5 2009, 11:43 AM Post #4 |
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Admiral
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is it really surprising? we already knew this was happening at other companies. my question is who the hell is writing these contracts up where executives get huge bonuses that are not tied to the performance of the company? Isn't a bonus usually tied to the profits of a company? |
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| Almighty | Apr 5 2009, 01:28 PM Post #5 |
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Give that Roo a beer
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Well my performance based bonus is but i think a CEO is slightly different to working slobs in middle management like me They report to shareholders so if they manage to do what they say they can to the shareholders then its ok ![]() Thats simplistic but not far from the truth |
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| Dark Founder | Apr 5 2009, 02:05 PM Post #6 |
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Lt. Commander
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Keep in mind that Freddie and Fannie aren't like private companies. They are technically corporations but they have always been sponsored by the federal government. They have also been under the conservatorship of the Federal Housing Finance Agency for the last seven months. In other words, our politicians won't be able to pretend that they didn't know about these bonuses.
Performance bonuses, yes. Other bonuses such as retention bonuses are tied to other conditions. |
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| wissaboo | Apr 5 2009, 06:58 PM Post #7 |
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Admiral
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I need a job where I can get 100 k just for not looking for another job.
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| CaptDennyCrane | Apr 5 2009, 09:20 PM Post #8 |
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Shat Happens
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Also all while not really doing any sort of job, and having nothing to really show for your efforts and your productivity (or lack thereof) is in part, responsible for the deprecated state your corporation is in. |
![]() ![]() ![]() ![]() ![]() You cant expect 110% from others, when most times, they don't expect even 90% from themselves. -- Me. No matter how hard your day, no matter how tough your choices, how complex your ethical decisions, you always get to choose what you have for lunch. | |
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| Dark Founder | Apr 5 2009, 09:43 PM Post #9 |
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Lt. Commander
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Not to mention being responsible for the condition of today's economy. |
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| Heather | Apr 6 2009, 08:40 PM Post #10 |
Vice Admiral
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This just doesn't make any sense to me
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2:18 AM Jul 11
