"The large bulk of the payments at issue cover AIG Financial Products, the unit of the company that sold credit default swaps, the risky contracts that caused massive losses for the insurer."
Based on what I heard on the news, the bonuses are for meeting or exceeding sales quotas. Apparently, the idiots in charge based the bonus structure on sales, without regard to profitability. Kind of like a car dealer giving it's salesmen bonuses for every car they sold, even if they sold a car for a fraction of what it cost the dealership. It is a perverse incentive that values sales over profitability. It practically guarantees failure. And if they think these people are the "best and the brightest", they are certainly not qualified to recieve my tax money.
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Today's Featured Article - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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