For those pissed at th AIG bonuses

[RIJIMMY]

just an fyi - I GUARRANTY that those same people have a non-compete clause too. That means that may be contractually bound to not work for any of AIGs competitors. Can we legally screw them out of their bonuses and then hold them to stay in their jobs?

[Slipknot]

thanks fishbones. then that is totally different then, it sounds like that is part of their pay. Semantics.it sounds like something like the nfl has as a signing bonus, guarrantied money. so nothing to complain about or compare to overtime then.

[Travis]

Originally Posted by RIJIMMY

just an fyi - I GUARRANTY that those same people have a non-compete clause too. That means that may be contractually bound to not work for any of AIGs competitors. Can we legally screw them out of their bonuses and then hold them to stay in their jobs?

If that is true, then that is a very valid argument....but facts are facts and we don't have them. All of this is just personal opinions on everything anyhow...getting FACTUAL information seems to get more and more difficult.

[Swimmer]

Originally Posted by RIJIMMY

just an fyi - I GUARRANTY that those same people have a non-compete clause too. That means that may be contractually bound to not work for any of AIGs competitors. Can we legally screw them out of their bonuses and then hold them to stay in their jobs?

What is discouraging is that everyone I know said that if we have to and in fact bail out these companies then until they pay the money back, we own them. And as such straight salaries only. I don't care if they get thier regular, regardless how high it may be. That being said thier is siomething to be said for giving them the bonus, which in fact they are do under thier contracts. A contract is a legally binding instrument and for our government to negate those instuments they are trampling on law established over time in hundreds, if not thousands of instances that we know as case law.
Paying those people should come out of the pockets of the U.S. Treasury department budget in whatever form it takes, because for Geithner to let this get by him, which I firmly believe is a lie to protect Dodds reputation, is just one more coverup of Geithners intimate knowledge of the entire debacle.