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Author: Subject: Well i finally get it!

Maximum Peach





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  posted on 11/19/2008 at 02:46 PM
All I need to do in this country to have lots of money is have a large corporate buisness with 1000's of employee's,and no matter how bad I run my company into the ground,have YOU give me your money to support my extravagant lifestyle!
Damn this country is great.

 

____________________
Well 30 years of heart and soul,lord we took it further than rock and roll.
We stood together thru thick and thin,yeah we made the best of it all back then.
Then I guess time took it's toll,cut me deep,cut me cold.
Brother against brother....

 
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Extreme Peach



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  posted on 11/19/2008 at 03:06 PM
Goldman Sachs paid out over 16 billion dollars in bonuses last year!!!!!!!
 

Peach Extraordinaire



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  posted on 11/19/2008 at 03:11 PM
quote:
All I need to do in this country to have lots of money is have a large corporate buisness with 1000's of employee's,and no matter how bad I run my company into the ground,have YOU give me your money to support my extravagant lifestyle!
Damn this country is great.


The money is for your thousands of employees. Your extravagant lifestyle can be dealt with at another time.

 

____________________
As a patriot and a loyal member of the opposition I pledge to offer our new President the very same benefit of the doubt and unwavering support that the left offered George Bush over the last eight years.

 

Maximum Peach



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  posted on 11/19/2008 at 03:14 PM
quote:
quote:
All I need to do in this country to have lots of money is have a large corporate buisness with 1000's of employee's,and no matter how bad I run my company into the ground,have YOU give me your money to support my extravagant lifestyle!
Damn this country is great.


The money is for your thousands of employees. Your extravagant lifestyle can be dealt with at another time.
Yeah. I'm SURE the ceo's of these failing company's won't be getting ANY of my money!

 

____________________
Well 30 years of heart and soul,lord we took it further than rock and roll.

We stood together thru thick and thin,yeah we made the best of it all back then.

Then I guess time took it's toll,cut me deep,cut me cold.

Brother against brother....

 

Peach Extraordinaire



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  posted on 11/19/2008 at 03:17 PM
quote:
quote:
quote:
All I need to do in this country to have lots of money is have a large corporate buisness with 1000's of employee's,and no matter how bad I run my company into the ground,have YOU give me your money to support my extravagant lifestyle!
Damn this country is great.


The money is for your thousands of employees. Your extravagant lifestyle can be dealt with at another time.
Yeah. I'm SURE the ceo's of these failing company's won't be getting ANY of my money!


These would the same CEOs who employ thousands of people, yes? If you worked for one of those companies would you be against the bailout? What if a relative or neighbor worked for that CEO?

 

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As a patriot and a loyal member of the opposition I pledge to offer our new President the very same benefit of the doubt and unwavering support that the left offered George Bush over the last eight years.

 

Ultimate Peach



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  posted on 11/19/2008 at 03:32 PM
quote:
Goldman Sachs paid out over 16 billion dollars in bonuses last year!!!!!!!


I work for a financial services firm. We are liquid, well capitalized and have not one dollar at risk in sub-prime crap, FNMA instruments/equity etc. But because of this windstorm of public sentiment that bonuses are bad things paid to greedy fat cats, my bonus is now in jeopardy. I earn a fair base, with a modest 5 figure bonus due to me if, 1. I hit my personal objectives, 2. my department hits its objectives, AND 3. The bank's performance is in line with expectations. All three have happened, including the fact that I doubled my own goals, as did my department. But because of nonsense like this, my employer may feel it's politically incorrect right now to pay me what I have earned.

I don't expect everyone on this forum to understand this, but most "bonuses" are not what you typically think of - they are really commissions that are earned through hard work. 99.9% of the press is about the millions paid to a few high placed execs, but there are many middle class people like myself for whom a "bonus" is part of my compensation, just as your salary is.

For a sales person at Goldman, who had his/her head down, did their job etc. They are due a bonus as part of their comp. To criticize this is to not understand how comp plans for people that are in sales work.

 

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Extreme Peach



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  posted on 11/19/2008 at 03:44 PM
RBK. I am surprised you are for bailouts. It sounds like a pretty liberal position. Maybe you’re actually a self hating socialist! hahahaha
 

Zen Peach



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  posted on 11/19/2008 at 03:45 PM
quote:
quote:
Goldman Sachs paid out over 16 billion dollars in bonuses last year!!!!!!!


I work for a financial services firm. We are liquid, well capitalized and have not one dollar at risk in sub-prime crap, FNMA instruments/equity etc. But because of this windstorm of public sentiment that bonuses are bad things paid to greedy fat cats, my bonus is now in jeopardy. I earn a fair base, with a modest 5 figure bonus due to me if, 1. I hit my personal objectives, 2. my department hits its objectives, AND 3. The bank's performance is in line with expectations. All three have happened, including the fact that I doubled my own goals, as did my department. But because of nonsense like this, my employer may feel it's politically incorrect right now to pay me what I have earned.

I don't expect everyone on this forum to understand this, but most "bonuses" are not what you typically think of - they are really commissions that are earned through hard work. 99.9% of the press is about the millions paid to a few high placed execs, but there are many middle class people like myself for whom a "bonus" is part of my compensation, just as your salary is.

For a sales person at Goldman, who had his/her head down, did their job etc. They are due a bonus as part of their comp. To criticize this is to not understand how comp plans for people that are in sales work.


A gal I used to work with quit us (a VP at our place) to go work for the subprime division at Goldman. She's now a bartender. Can't say I'm sorry about that. She always used her f*****g speakerphone at her desk (cube farm set-up - we were one of those places that had a VP for everything) and would never, ever go to a conference room and bi*ch at people that were too loud. Serves her right!

That really has nothing to do with what you posted, just thought I'd add that.

You are 100% correct, though, many are not familiar with bonus structures.

 

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"Live every week like it's Shark Week." - Tracy Jordan

 

Peach Extraordinaire



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  posted on 11/19/2008 at 04:03 PM
quote:
RBK. I am surprised you are for bailouts. It sounds like a pretty liberal position. Maybe you’re actually a self hating socialist! hahahaha


Actually I don't know if I'm for them or against them. Bailing out the companies who made idiotic decisions indeed flies in the face of my conservative mindset of course. However there are thousands of everyday folks who are going to bear the brunt of it if help isn't provided in the auto industry for example, and well beyond it. It's not the same as a democrat nanny state as BarryO, et al, envision.

 

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As a patriot and a loyal member of the opposition I pledge to offer our new President the very same benefit of the doubt and unwavering support that the left offered George Bush over the last eight years.

 

Sublime Peach



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  posted on 11/19/2008 at 04:09 PM
Bailout is a fancy word for SOCIALISM. Let them file for bankruptcy like every other company in America would have to do. The next thing you are going to tell me is that we need Universal Healthcare for everyone? Where is a broke country going to get the money to pull that off? More taxes, that's right. You see, nothing is free, accept our democracy and capitalism. Let the free markets work. Otherwise, move to Russia.
 

True Peach



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  posted on 11/19/2008 at 04:24 PM
Sounds like Bailout or Rescue is replacing Bankruptcy

 

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True Peach



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  posted on 11/19/2008 at 04:34 PM
This was a long time in the making for the American car companies. They paid workers too much to produce inferior cars. Years ago a bunch of my friends argued with me when I bought my first Honda saying I should buy an American car. I told them that Hondas were built more rigid and were more dependable, and cheaper to boot! Now, every one of them are driving either Hondas, Toyotas, or Volkswagons. They got sick of all of the repairs and recalls.

We should only bail out the auto industry if they can show how they will cut costs and build more rigid and reliable cars that we will actually want to buy. People aren't going to spend their hard earned money on inferior products.

 

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Pete

 

Sublime Peach



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  posted on 11/19/2008 at 04:50 PM
NO MORE BAILOUTS, period.

quote:
Sounds like Bailout or Rescue is replacing Bankruptcy


More like socialism is taking the place of capitalism.


STOP THE SOCIALISM...NO MORE BAILOUTS!!!

 

Zen Peach



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  posted on 11/19/2008 at 05:02 PM
quote:
RBK. I am surprised you are for bailouts. It sounds like a pretty liberal position. Maybe you’re actually a self hating socialist! hahahaha
Please note, liketosmoke - the bailout that RBK hasn't completely trashed or labelled as socialist bs is in his own backyard and will potentially have major affect for 'his people' and 'his community'. I guess if these things serve the greaterRBKgood then they are ok, else watch out comrade.

 

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"Come on down to the Mermaid Cafe and I will buy you a bottle of wine, and we'll laugh and toast to nothing and smash our empty glasses down..."

 

Universal Peach



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  posted on 11/19/2008 at 05:06 PM
quote:
quote:
All I need to do in this country to have lots of money is have a large corporate buisness with 1000's of employee's,and no matter how bad I run my company into the ground,have YOU give me your money to support my extravagant lifestyle!
Damn this country is great.


The money is for your thousands of employees. Your extravagant lifestyle can be dealt with at another time.

_______________________________________________________________________
And I do hope they are dealt with. They made the gap between workers, middle management vs. top executives huge over the last 10-20 years with stock options, ipo stock and most of all , outrageous bonuses no matter how poorly the company was doing.

 

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SmilingJack

 
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Universal Peach



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  posted on 11/19/2008 at 05:09 PM
quote:
quote:
Goldman Sachs paid out over 16 billion dollars in bonuses last year!!!!!!!


I work for a financial services firm. We are liquid, well capitalized and have not one dollar at risk in sub-prime crap, FNMA instruments/equity etc. But because of this windstorm of public sentiment that bonuses are bad things paid to greedy fat cats, my bonus is now in jeopardy. I earn a fair base, with a modest 5 figure bonus due to me if, 1. I hit my personal objectives, 2. my department hits its objectives, AND 3. The bank's performance is in line with expectations. All three have happened, including the fact that I doubled my own goals, as did my department. But because of nonsense like this, my employer may feel it's politically incorrect right now to pay me what I have earned.

I don't expect everyone on this forum to understand this, but most "bonuses" are not what you typically think of - they are really commissions that are earned through hard work. 99.9% of the press is about the millions paid to a few high placed execs, but there are many middle class people like myself for whom a "bonus" is part of my compensation, just as your salary is.

For a sales person at Goldman, who had his/her head down, did their job etc. They are due a bonus as part of their comp. To criticize this is to not understand how comp plans for people that are in sales work.

_______________________________________________________________________
I believe there is a difference between the type of bonuses you are talking about and the very large corporation executes who got incredible bonususes even as the companies were going under or being set up to fail.

 

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SmilingJack

 
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Universal Peach



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  posted on 11/19/2008 at 05:12 PM
quote:
NO MORE BAILOUTS, period.

quote:
Sounds like Bailout or Rescue is replacing Bankruptcy


More like socialism is taking the place of capitalism.


STOP THE SOCIALISM...NO MORE BAILOUTS!!!

_______________________________________________________________________
I'm not sure if this changes any minds here, but the auto makers are asking for a guarnteed loan with strings attached. I want the strings to include the autmakers union also giving up a very large chunk of salary.

 

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SmilingJack

 
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Universal Peach



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  posted on 11/19/2008 at 05:13 PM
quote:
quote:
quote:
All I need to do in this country to have lots of money is have a large corporate buisness with 1000's of employee's,and no matter how bad I run my company into the ground,have YOU give me your money to support my extravagant lifestyle!
Damn this country is great.


The money is for your thousands of employees. Your extravagant lifestyle can be dealt with at another time.

_______________________________________________________________________
And I do hope they are dealt with. They made the gap between workers, middle management vs. top executives huge over the last 10-20 years with stock options, ipo stock and most of all , outrageous bonuses no matter how poorly the company was doing.

_______________________________________________________________________
Wow. I agreed with RBK on something.

 

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SmilingJack

 
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Sublime Peach



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  posted on 11/20/2008 at 10:58 AM
Anyone need a private jet ???? What a country ??? We are such an embarrassment to ourselves

 

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Sublime Peach



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  posted on 11/20/2008 at 12:12 PM
STOP!!! Watch this clip!!! VERY FUNNY STUFF!!!

http://www.youtube.com/watch?v=990aCcPuMfc

[Edited on 11/20/2008 by jerryphilbob]

 

Peach Extraordinaire



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  posted on 11/20/2008 at 12:19 PM
quote:
quote:
RBK. I am surprised you are for bailouts. It sounds like a pretty liberal position. Maybe you’re actually a self hating socialist! hahahaha
Please note, liketosmoke - the bailout that RBK hasn't completely trashed or labelled as socialist bs is in his own backyard and will potentially have major affect for 'his people' and 'his community'. I guess if these things serve the greaterRBKgood then they are ok, else watch out comrade.


Don't be stupid. There are car manufacturing facilities and suppliers all over the United States. If the Big Three go down they ALL go down including Toyota and Honda who won't be able to get parts from the same outsources that GM et al uses. It IS in my backyard which is why I see what you obviously cannot.

 

____________________
As a patriot and a loyal member of the opposition I pledge to offer our new President the very same benefit of the doubt and unwavering support that the left offered George Bush over the last eight years.

 

Sublime Peach



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  posted on 11/20/2008 at 12:26 PM
quote:
I'm not sure if this changes any minds here, but the auto makers are asking for a guarnteed loan with strings attached. I want the strings to include the autmakers union also giving up a very large chunk of salary.


Who owns the loans? What happens when they can't pay them back and need MORE money? The government will OWN all big business. The airlines will be next, and then it will be something else that we HAVE to do?

They simply need to file chapter 11 and get their house in order.

 

Sublime Peach



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  posted on 11/20/2008 at 12:41 PM
Where is the 25 billion they all ready borrowed a few years back ... to supply the cars that they said were more in demand.... HUH ??? Just put your hand out ..and pooff here is another bail out.... No chapter 11... Chapter 11 is for real business owners who came upon rough times ..and found help with that... they have abused every single law , and way out of more financial situations then we can even wrap our heads around.

This unfortunately is a no win situation.. for all the employees ..

 

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Peach Extraordinaire



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  posted on 11/20/2008 at 01:18 PM
quote:
Where is the 25 billion they all ready borrowed a few years back ... to supply the cars that they said were more in demand.... HUH ??? Just put your hand out ..and pooff here is another bail out.... No chapter 11... Chapter 11 is for real business owners who came upon rough times ..and found help with that... they have abused every single law , and way out of more financial situations then we can even wrap our heads around.

This unfortunately is a no win situation.. for all the employees ..


$25 billion a few years back?

 

____________________
As a patriot and a loyal member of the opposition I pledge to offer our new President the very same benefit of the doubt and unwavering support that the left offered George Bush over the last eight years.

 

Sublime Peach



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  posted on 11/20/2008 at 01:32 PM
Maybe it was 25 million... Million, Billion , tramillion, Gazillion... it's all alot of money to me I heard it on the news this morning sitting in the Dr's office.

 

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