Comments on: $50 billion of bailout going to bonuses http://www.thedisciplinedinvestor.com/blog/2008/10/31/50-billion-of-bailout-going-to-bonuses/ Investment Disciplines and Timely Advice. Fri, 10 Feb 2012 21:15:03 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: mens rolex watch http://www.thedisciplinedinvestor.com/blog/2008/10/31/50-billion-of-bailout-going-to-bonuses/comment-page-1/#comment-18577 mens rolex watch Fri, 22 Jul 2011 05:02:54 +0000 http://www.thedisciplinedinvestor.com/blog/?p=1078#comment-18577 This is a great list of resources, I sure dugg it. I was hoping to see more referrences to top lists that are already on digg's front page there's a ton of resource on digg as well. Thanks. This is a great list of resources, I sure dugg it. I was hoping to see more referrences to top lists that are already on digg's front page there's a ton of resource on digg as well. Thanks.

]]> By: Texas air pollution stats http://www.thedisciplinedinvestor.com/blog/2008/10/31/50-billion-of-bailout-going-to-bonuses/comment-page-1/#comment-9430 Texas air pollution stats Thu, 01 Oct 2009 19:30:17 +0000 http://www.thedisciplinedinvestor.com/blog/?p=1078#comment-9430 I don’t usually reply to posts but I will in this case. I’ve been experiencing this very same problem with a new WordPress installation of mine. I’ve spent weeks calibrating and getting it ready when all of a sudden… I cannot delete any content. It’s a workaround that, although isn’t perfect, does the trick so thanks! I really hope this problem gets solved properly asap. I don’t usually reply to posts but I will in this case. I’ve been experiencing this very same problem with a new WordPress installation of mine. I’ve spent weeks calibrating and getting it ready when all of a sudden… I cannot delete any content. It’s a workaround that, although isn’t perfect, does the trick so thanks! I really hope this problem gets solved properly asap.

]]> By: Banks: “We Don’t Need No Stinkin’ Lending” | The Disciplined Investor http://www.thedisciplinedinvestor.com/blog/2008/10/31/50-billion-of-bailout-going-to-bonuses/comment-page-1/#comment-4930 Banks: “We Don’t Need No Stinkin’ Lending” | The Disciplined Investor Wed, 14 Jan 2009 23:00:53 +0000 http://www.thedisciplinedinvestor.com/blog/?p=1078#comment-4930 [...] real name? Maybe the acronym TRAP is more fitting. It appears that the TRAP was simply designed to use taxpayer money to pay for huge trading losses. [...] [...] real name? Maybe the acronym TRAP is more fitting. It appears that the TRAP was simply designed to use taxpayer money to pay for huge trading losses. [...]

]]> By: Xander McIntire http://www.thedisciplinedinvestor.com/blog/2008/10/31/50-billion-of-bailout-going-to-bonuses/comment-page-1/#comment-4353 Xander McIntire Sun, 02 Nov 2008 12:33:14 +0000 http://www.thedisciplinedinvestor.com/blog/?p=1078#comment-4353 "If it isn’t enough to make you sick to your stomach that U.S. taxpayer monies are apparently going to bailout the world’s economies" I'm not sure that's true; a lot of governments are rescuing/bailing out/whatever 'their' respective nationally anchored banks, but that sentence makes it sounds like the U.S. (my) government is doing this out of the goodness of it's heart, and not because, in many ways, it bears a lot of the responsibility for why we're here. That aside, this money going on bonuses is shameful. Sorry to the employees who weren't the cause, but there's many a minor/car builder who didn't choose his company's direction, but got put out of work anyway. “If it isn’t enough to make you sick to your stomach that U.S. taxpayer monies are apparently going to bailout the world’s economies”

I’m not sure that’s true; a lot of governments are rescuing/bailing out/whatever ‘their’ respective nationally anchored banks, but that sentence makes it sounds like the U.S. (my) government is doing this out of the goodness of it’s heart, and not because, in many ways, it bears a lot of the responsibility for why we’re here.

That aside, this money going on bonuses is shameful. Sorry to the employees who weren’t the cause, but there’s many a minor/car builder who didn’t choose his company’s direction, but got put out of work anyway.

]]> By: Employee Bonuses « Phil’s Favorites http://www.thedisciplinedinvestor.com/blog/2008/10/31/50-billion-of-bailout-going-to-bonuses/comment-page-1/#comment-4346 Employee Bonuses « Phil’s Favorites Sun, 02 Nov 2008 01:02:23 +0000 http://www.thedisciplinedinvestor.com/blog/?p=1078#comment-4346 [...] Andrew Horowitz has expressed his feelings on the outrageous plans for the bailout money to be spent on bonuses [...] [...] Andrew Horowitz has expressed his feelings on the outrageous plans for the bailout money to be spent on bonuses [...]

]]> By: Mark http://www.thedisciplinedinvestor.com/blog/2008/10/31/50-billion-of-bailout-going-to-bonuses/comment-page-1/#comment-4335 Mark Fri, 31 Oct 2008 19:59:35 +0000 http://www.thedisciplinedinvestor.com/blog/?p=1078#comment-4335 Popular article! There are over 115,000 views and almost 1,500 comments as of 4:00 ET today. Good for you Andrew! Now that’s performance worthy of a bonus. :-) Popular article! There are over 115,000 views and almost 1,500 comments as of 4:00 ET today.

Good for you Andrew! Now that’s performance worthy of a bonus. :-)

]]> By: Barbara http://www.thedisciplinedinvestor.com/blog/2008/10/31/50-billion-of-bailout-going-to-bonuses/comment-page-1/#comment-4329 Barbara Fri, 31 Oct 2008 17:13:48 +0000 http://www.thedisciplinedinvestor.com/blog/?p=1078#comment-4329 With all of this bonus money, could you take a collection and help my children and I keep our home? The government will help the big corporations and not people that need a temporary help. My children will be without a home for the holidays. If this is “spreading the wealth”, please spread it my way. With all of this bonus money, could you take a collection and help my children and I keep our home? The government will help the big corporations and not people that need a temporary help. My children will be without a home for the holidays. If this is “spreading the wealth”, please spread it my way.

]]> By: $50 Billion From Bailout Going to Pay Bonuses » jon phillips http://www.thedisciplinedinvestor.com/blog/2008/10/31/50-billion-of-bailout-going-to-bonuses/comment-page-1/#comment-4326 $50 Billion From Bailout Going to Pay Bonuses » jon phillips Fri, 31 Oct 2008 15:13:50 +0000 http://www.thedisciplinedinvestor.com/blog/?p=1078#comment-4326 [...] $50 billion of bailout going to bonuses | The Disciplined Investor If it isn’t enough to make you sick to your stomach that U.S. taxpayer monies are apparently going to bailout the world’s economies, new information has come to light that several banks are planning to pay billions of dollars in year-end bonuses from the bailout funds they received. Already investigations are beginning into the nine banks that took in the first $125 billion. Yes, the same $125 billion that was supposed to be used to unclog the credit system which was preventing banks from providing much needed funds for individuals and businesses. [...] [...] $50 billion of bailout going to bonuses | The Disciplined Investor If it isn’t enough to make you sick to your stomach that U.S. taxpayer monies are apparently going to bailout the world’s economies, new information has come to light that several banks are planning to pay billions of dollars in year-end bonuses from the bailout funds they received. Already investigations are beginning into the nine banks that took in the first $125 billion. Yes, the same $125 billion that was supposed to be used to unclog the credit system which was preventing banks from providing much needed funds for individuals and businesses. [...]

]]> By: Mark http://www.thedisciplinedinvestor.com/blog/2008/10/31/50-billion-of-bailout-going-to-bonuses/comment-page-1/#comment-4325 Mark Fri, 31 Oct 2008 14:32:30 +0000 http://www.thedisciplinedinvestor.com/blog/?p=1078#comment-4325 It is a crime to pay bonuses to those who are even partially responsible for putting us in this mess. Is that really who these bonuses are being paid to? Is the $20 billion that has been earmarked for bonuses really coming directly from the $125 billion of bailout funds or is it coming from different business unit’s funds? Market forces define salaries and bonuses. Those in greater demand tend to get more money. Is it fair? Fair does not matter. Why would I work for you for $200m/year if someone is willing to pay much more for the same job? If you don’t provide incentives to those of value then there is a high probability that they will defect. The bigger question is how do you determine who are the valuable employees and who are the problem employees? Using profitability alone has not worked. It encourages greater short-term risks. Maybe using profitability as a measure for bonuses is part of the reason why we are in this mess. Why else would these be such excessive use of leverage? Why else would there be the packaging and repackaging of debt? Those things were done to increase profitability. I don’t know what the solution is. All I know is that there must be accountability. In case some of you have not yet seen this: http://bigpicture.typepad.com/photos/uncategorized/2008/10/27/sevendeadlysins1.gif It is a crime to pay bonuses to those who are even partially responsible for putting us in this mess. Is that really who these bonuses are being paid to? Is the $20 billion that has been earmarked for bonuses really coming directly from the $125 billion of bailout funds or is it coming from different business unit’s funds?

Market forces define salaries and bonuses. Those in greater demand tend to get more money. Is it fair? Fair does not matter. Why would I work for you for $200m/year if someone is willing to pay much more for the same job? If you don’t provide incentives to those of value then there is a high probability that they will defect.

The bigger question is how do you determine who are the valuable employees and who are the problem employees? Using profitability alone has not worked. It encourages greater short-term risks. Maybe using profitability as a measure for bonuses is part of the reason why we are in this mess. Why else would these be such excessive use of leverage? Why else would there be the packaging and repackaging of debt? Those things were done to increase profitability.

I don’t know what the solution is. All I know is that there must be accountability.

In case some of you have not yet seen this:
http://bigpicture.typepad.com/photos/uncategorized/2008/10/27/sevendeadlysins1.gif

]]> By: Tracy Rotton http://www.thedisciplinedinvestor.com/blog/2008/10/31/50-billion-of-bailout-going-to-bonuses/comment-page-1/#comment-4324 Tracy Rotton Fri, 31 Oct 2008 13:47:20 +0000 http://www.thedisciplinedinvestor.com/blog/?p=1078#comment-4324 And have you seen this? http://tinyurl.com/6ydacj Is this what the Republicans mean by "spreading the wealth"? The hypocracy that's going on here is unfathomable!!!! And have you seen this? http://tinyurl.com/6ydacj Is this what the Republicans mean by “spreading the wealth”? The hypocracy that’s going on here is unfathomable!!!!

]]> By: Mark http://www.thedisciplinedinvestor.com/blog/2008/10/31/50-billion-of-bailout-going-to-bonuses/comment-page-1/#comment-4327 Mark Fri, 31 Oct 2008 11:40:06 +0000 http://www.thedisciplinedinvestor.com/blog/?p=1078#comment-4327 Jon, I appreciate your response but I did read the article. I used the word “really” as in “are you sure”? I also stand by my comment that “It is a crime to pay bonuses to those who are even partially responsible for putting us in this mess.” I look forward to the findings of the investigations. If someone was responsible for this mess then they should be held accountable and certainly not be given a bonus. However, I do feel that larger incentives are necessary to retain top talent and top talent will be necessary to help undo this mess. I don’t know what the solution is to defining top talent but I do want to reiterate that “All I know is that there must be accountability.” Mark Jon,

I appreciate your response but I did read the article. I used the word “really” as in “are you sure”? I also stand by my comment that “It is a crime to pay bonuses to those who are even partially responsible for putting us in this mess.” I look forward to the findings of the investigations. If someone was responsible for this mess then they should be held accountable and certainly not be given a bonus. However, I do feel that larger incentives are necessary to retain top talent and top talent will be necessary to help undo this mess. I don’t know what the solution is to defining top talent but I do want to reiterate that “All I know is that there must be accountability.”

Mark

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