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Originally Posted by TexasWSP
The faux outrage over these bonuses and the subsequent treatment of the recipients by, basically, everyone is ludicrous...and disgusting.
These contracts were written in March 2008....before any money was even allocated. The employees in question were asked to stay on an work their asses off for the sake of the company and they were continually assured that they would be receiving bonuses for their work.
Didn't Barney Frank suggest suicide for the people that received the bonuses and aren't willing to give them back??
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First--I chalk most of this outrage to Middle America not understanding the way that Corporate America works. I'm not a big fan of populist rage, so take that as you will. I understand that retention bonuses aren't the same as performance bonuses; I don't understand what going to someone's house is going to do.
Second--The congressman who made the suicide suggestion was Senator Grassley, a Republican from Iowa.