Off-Topic: Here's an excerpt
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Name:   Swimmer27 The author of this post is registered as a member - Email Member
Subject:   Here's an excerpt
Date:   3/18/2009 9:22:08 AM

We have witnessed the shredding of the constitution in recent years but now our wonderful imperialist federal guvment thinks we should just shred contracts too. If it doesn't pander to the 'greater good' then it doesn't mnatter that there is a contract in place. AIG bonuses and mortgage 'cramdowns' are prime examples. But on the up side, since contracts mean nothing, we can now follow the great bard's advice...........



From Neal Boortz:


"Eleven of those bonuses went to former employees. The contracts were written in March 2008, and they guaranteed 100% of their 2007 pay for 2008. They were not based on performance. Apparently the top individual bonus was more than $6.4 million, and the top seven received more than $4 million each. Did these people really earn this money? Possibly not. But they were parties to a contract .. and if the money had not been paid they would have most certainly sued for it.

Here's something I'm guessing you don't know. The Financial Services Division of AIG is headquartered in Wilton, Conn. In Connecticut they have a little gem called the "Wage Act." This law says that if an employee has to sue for wages payable pursuant to a contract they recover twice the amount that is contractually owed. That would have meant $330 million instead of $165 million. Add some attorney's fees on top of that. So ... you're running AIG. What would YOU do?"



URL: Neal Boortz
Other messages in this thread:View Entire Thread
Never a dull - Council Roc Doc - 3/17/2009 10:54:15 AM
     Please DO NOT - DirtDiva - 3/17/2009 2:38:16 PM
          Please DO NOT - Council Roc Doc - 3/17/2009 3:28:14 PM
               Please DO NOT - muddauber - 3/17/2009 4:17:20 PM
     Never a dull - Talullahhound - 3/17/2009 6:12:35 PM
          Never a dull - au67 - 3/17/2009 7:01:12 PM
               Never a dull - Talullahhound - 3/17/2009 9:02:18 PM
                    Never a dull - MartiniMan - 3/18/2009 12:02:29 PM
          Now Hound.... - Swimmer27 - 3/17/2009 7:03:01 PM
               Swim! - Talullahhound - 3/17/2009 9:03:29 PM
                    Swim! - Swimmer27 - 3/18/2009 9:25:22 AM
                         Swim! - Talullahhound - 3/18/2009 9:57:41 AM
          Never a dull - MartiniMan - 3/17/2009 8:26:14 PM
               Never a dull - Council Roc Doc - 3/18/2009 11:14:38 AM
          Never a dull - Council Roc Doc - 3/18/2009 1:34:20 PM
               Never a dull - Talullahhound - 3/18/2009 4:01:19 PM
                    Never a dull - MrHodja - 3/18/2009 4:25:31 PM
                         Never a dull - Talullahhound - 3/19/2009 6:04:58 PM
     Here's an excerpt - Swimmer27 - 3/18/2009 9:22:08 AM



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