1. Of course, who wouldn't?
2. No, I'm already rich enough
Praefectus
Would you take the money?
Let's say circumstances made you a CEO of one of the big banks in the news for getting all the bail-out money. Let's say you have a choice of taking a nice juicy $50 million bonus before governmental controls kick in and make it impossible, and that your bank has already received $500 million in bailout money.
Would you take the money if you could?
edit: I would like to think I would say no, but realistically, I don't think I could.
Last edited by Mikelus Trento; February 04, 2009 at 08:57 AM.
"oooh a gypsy wind is blowing warm tonight, sky is starlit and the time is right. Now you're telling me you have to go...before you do there's something you should know." - Bob Seger
Freedom is the distance between church and state.
Protector Domesticus
Re: Would you take the money?
Well,it's in the human nature to be greedy so...I guess I would accept it.I can think whatever I want about it,but when a change like that is given to me then...I'm just a human...
O Sancta Simplicitas!
Protector Domesticus
Re: Would you take the money?
"I'm not going to even try to not take it because I'm human"? Sounds like a crappy excuse.Originally Posted by Alfons Rebane
Protector Domesticus
Re: Would you take the money?
Wah?...
Well,I was only trying to say that humans are just too greedy to say no to a proposition like that...
Also,as I will never get that amount of money I won't have to worry about it...
O Sancta Simplicitas!
Comes Rei Militaris
Re: Would you take the money?
Human nature is to be greedy as Alfons said but truth is that Ford has it right here, dont take it if you can help it because thating loan will be a
________
DIGITAL VAPORIZER
Last edited by MathiasOfAthens; May 11, 2011 at 03:40 AM.
Praeses
Re: Would you take the money?
depends on things like do i really need it and what if i dont take it
Praefectus
Re: Would you take the money?
Depends how rich I am from the beggining. I would take it if I earned roughly the same as now, if I earned a few millions a year I would turn it down however.
I'll vote yes, though.
"At a football club, there's a holy trinity - the players, the manager and the supporters. Directors don't come into it. They are only there to sign the cheques."Have you ever seen Dirty Harry Guns and money are best diplomacy
Bill Shankly
"Not badly, considering I was seated between Jesus Christ and Napoleon"
David Lloyd George was pleased with his performance at Versailles.
Vicarius
Re: Would you take the money?
That depends.
Was it before/after the explosion over the recent bonuses?
If it's after, I think I'm swift enough to realize that regardless of the facts...there's simply no way to make this look good...unless you're Rudy Guilliani
Perception is important.
I think, if you didn't "really need" $50M...you wouldn't be working as a CEO...you'd already be offensively richdepends on things like do i really need it and what if i dont take it
Last edited by morteduzionism; February 04, 2009 at 09:26 AM.
How Do You Turn This On
Re: Would you take the money?
I wouldn't take the bailout money to begin with.
Campidoctor
Re: Would you take the money?
voted yes, the temptation will be too strong to resist.
Thinking of it, isn't hugely-incredibly-super-ultra (add superlatives of your choice) moronic that no provision on how to use the bailout money, clauses such as "if you accept this money for x years no bonus and pay freezed for all the management" was added to the bailout law? I mean c'mon that's like saying to these guys "you screwed big time, but no problem, here's some taxpayer money to dump in all the ways you wish"
Factum est illud, fieri infectum non potest
"Out of every 100 men, 10 shouldnt even be there, 80 are just targets, nine are the real fighters, and we are lucky to have them, for they make the battle. Ah, but the one, one is a warrior and he will bring the others back. Heraclitus
Praefectus
Re: Would you take the money?
It's because they rushed it through. And rather than learning from this, and putting stricter controls on the current proposal, they are dooming us to endure a THIRD infusion in a few months. IMO.voted yes, the temptation will be too strong to resist.
Thinking of it, isn't hugely-incredibly-super-ultra (add superlatives of your choice) moronic that no provision on how to use the bailout money, clauses such as "if you accept this money for x years no bonus and pay freezed for all the management" was added to the bailout law? I mean c'mon that's like saying to these guys "you screwed big time, but no problem, here's some taxpayer money to dump in all the ways you wish"
"oooh a gypsy wind is blowing warm tonight, sky is starlit and the time is right. Now you're telling me you have to go...before you do there's something you should know." - Bob Seger
Freedom is the distance between church and state.
Artifex
Re: Would you take the money?
Funnily enough, I was just thinking today about whether I would actually like it if I won the lottery. The thought scares me, because I know if I had millions, I would lose the will and motivation to do anything worthwhile, and it would ruin me as a person. Not only that, when you're that rich I doubt you can truly have any real friends. It'd be like that dirty 'well what's the point now' feeling you get when you cheat in a game. No achievement in life would ever feel quite the same.
"Maps encourage boldness. They're like cryptic love letters. They make anything seem possible." - Mark Jenkins
Vicarius
Re: Would you take the money?
To have such a dilema...
Besides, people with money like that don't have "friends"...they have associates and an entourage...lol
Praefectus
Re: Would you take the money?
Of course i would take the money i wouldn't care if i already had 50 billion dollars because you can never have enough money.
These fine gentlemen's have thanks to their consistent idiotic posts have earned their place on my ignore list: mrmouth, The Illusionist, motiv-8, mongrel, azoth, thorn777 and elfdude. If you want to join their honourable rank you just have to post idiotic posts and you will get there in no time.
Vicarius Provinciae
Re: Would you take the money?
Im wondering what kind of bonus is it? $50 million is too much to be a bonus.
"When one person suffers from a delusion it is called insanity. When many people suffer from a delusion it is called religion." -- Robert Pirsig
"Feminists are silent when the bills arrive." -- Aetius
"Women have made a pact with the devil in return for the promise of exquisite beauty, their window to this world of lavish male attention is woefully brief." -- Some Guy
Protector Domesticus
Re: Would you take the money?
Well, I'm a selfish greedy animal. I'd take advantage of anything as long as it suited my own interests.
SEMPER FIDELIS Remember Constantinople Κωνσταντινούπολη
Praeses
Re: Would you take the money?
I would take as much pay as could possibly get away with
all these bonuses are actually determined by the shareholdres and board of directors. you cant just take a $50 million bonus just because you want to. it is all prescribed in your contract anyway, when they hire you as a CEO in the first place.
it is not even a question of big ethics in my mind. you either take what is rightfully yours according to the contract or you dont. with or without the govt bailouts (OMFGROLFBBQ).
Praeses
Re: Would you take the money?
With many companies the board of directors also get bonuses and/or are CEO's of other companies. In general the board of directors sets compensation and bonuses. In this way you get this communal backscratching, in which what is best for the company, and what is best for the individuals that make up the BOD/CEO are not inline.all these bonuses are actually determined by the shareholdres and board of directors. you cant just take a $50 million bonus just because you want to. it is all prescribed in your contract anyway, when they hire you as a CEO in the first place
Indeed, if you did up the data on executive pay post WWII, it has risen dramatically (3x or more IIRC) compared to the average worker, yet corporate profits have not.
Praeses
Re: Would you take the money?
awww... look at those evil CEOs and boards of directors! well, let me tell you something. they are the owners of the company. they can do anything the hell they want. majority of the workers get paid their free market wages anyway. if they dont like their salaries they are free to quit their jobs, nobody is going to lose their sleep over it.
if you were to start your own buisiness, after 10-15 years of your hard labor and boundless enthusiasm it will become a successful company with 5,000+ workers and you will be its CEO -- dont you think you will reserve the right WHO DECIDES YOUR OWN PAYCHECK to yourself, and not the
Protector Domesticus
Re: Would you take the money?
I think it's more the fact they begged for bailouts and then used tens of millions of dollars from the bailouts to give themselves bonuses. Which is retarded. What many essentially did was say "Please, government! Help us! We desperately need your help or we'll fail, and everything will collapse! PLEASE HELP US! Oh, thanks! I'll pocket a few dozen of these hundreds for myself, maybe give a hundred or so to my friends... Wait, what about my company needing help?"awww... look at those evil CEOs and boards of directors! well, let me tell you something. they are the owners of the company. they can do anything the hell they want. majority of the workers get paid their free market wages anyway. if they dont like their salaries they are free to quit their jobs, nobody is going to lose their sleep over it.
if you were to start your own buisiness, after 10-15 years of your hard labor and boundless enthusiasm it will become a successful company with 5,000+ workers and you will be its CEO -- dont you think you will reserve the right WHO DECIDES YOUR OWN PAYCHECK to yourself, and not the
It's the fact that they used bailout money for it that's wrong. Money they DIDN'T EARN THEMSELVES. They got millions of dollars from the government. Think about that for a second. What's welfare? People get free money from the government. Rich CEOs gave themselves bonuses. They got free money from the government right into their pockets. Run that through your head again. Does it click now?
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