Andre Ross Sorkin in today's New York Times makes a case for honoring the AIG bonuses - his position being that honoring legal contracts is an essential foundation for enterprise; it would be chaotic if corporations, whether recipients of bailout packages or not, could simply choose to break a legal contract. Let's accept that. Still, the question is: Why would those bonuses be paid out of government stimulus money? AIG should pay its bonuses out of its pre-stimulus fund. Isn't that what it would have had to do if there had been no bailout? Pay the bonuses, but not with our money!
Subscribe
Or subscribe using one of the following readers:
Recent Posts
- Waking up at night, worrying, heart pounding?
- How much longer can we go on blaming Middles ?
- You may not want your garbage but your garbage wants you
- Hate and Connection Commonality Syndrome
- Lost in the Land of Bottoms
- Dumb and Dumber and Still Elected
- Power + Love: Open Letter to Barry Oshry and Adam Kahane
- Seeing Systems: The Power of Context. (Interview)
- Is Evolution Going Anywhere? or Waiting for Homo Systemicus
- How best intentions show up in the Bottom world
Recent Comments
- Ben Slivka on Philosopher...or Plumber Needed
- Dick Hannasch on Who is Peter Block? Who is Barry Oshry for that Matter?
- Perry Carrison on Waking up at night, worrying, heart pounding?
- Karin Wills on Lost in the Land of Bottoms
- Matthew Heusser on You may not want your garbage but your garbage wants you
- Dale Richardson on Is God a Choice?
- Masud Sheikh on Hate and Connection Commonality Syndrome
- Joe Brodnicki on Hate and Connection Commonality Syndrome
- tilly pick on Power + Love: Open Letter to Barry Oshry and Adam Kahane
- Viki Hurst on Who is Peter Block? Who is Barry Oshry for that Matter?
My Books
Seeing Systems
(Click images for more information.)
Leading Systems
In The Middle
The Possibilities of Organization
Space Work
« Sense and Stupidity | Main | Rihanna, Chris, Love and Power »
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8345167f069e201127970e2a528a4
Listed below are links to weblogs that reference Pay the AIG bonus...but not with our money:
Comments
Verify your Comment
Previewing your Comment
This is only a preview. Your comment has not yet been posted.
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment
As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.
Having trouble reading this image? View an alternate.
Excellent and common sense suggestion!
Posted by: zechariah aloysius hillyard | April 09, 2009 at 04:08 AM