Joined: 6 Aug 2008 Age: 36 Gender: Male Posts: 1,255
05 Feb 2009, 9:18 am
So I was watching good morning america and I see that one of the Bank CEOs that got bail out money got a whopping 25 million dollars in bonus money. I am not sure how many of you have heard but President Obama is setting up a maximum wage of $500,000 wage for CEOs who receive bailout money. So I got to thinking how many people could keep their jobs if you used that 25 million dollars to pay them $500,000 a year, well I found that you could keep 50 employes on the job.
I am pissed , they come begging says basically please please save us if you do nothing everyone will suffer then they have the Audacity to take such exuberant amounts of money in bonuses they already make millions. Further more they are either idiots or perceive us to be idiots because they keep using the same excuse over and over again that the bonuses are needed to keep good workers at the companies That logic might make sense in a good economy when their is growth but the current US economy is going down the tubes it is not getting better instead it just keeps getting worse so in short their argument is flawed because no one is hiring right now
If your wondering how many job you could if you split the money again and again I got you covered
250,000 per employe= 100 jobs
125,000 per employe= 200 jobs
62,500 per employe=400 jobs
Joined: 2 Oct 2007 Age: 40 Gender: Female Posts: 3,555
06 Feb 2009, 3:59 am
that monies could hire a lot of peoples, buy a lot of medical equipment and do a lot of good for community.
it is a good idea to put a ceiling on CEO salaries.
i remember a story about a CEO getting a 32 million dollar (aussie dollar) bonus when he resigned from his company. This was ontop of a massive salary. Apparently he didn't even do a very good job either, just made the company worse.
grrrrrrrrrrrrrrrr.