Why Should Executives Get Bonuses and Perks When They Are Begging for Bail Outs?

@ParaTed2k (22980)
Sheboygan, Wisconsin
February 2, 2009 12:19pm CST
This is a legitimate question, but shouldn't we be asking it of our State Executive Branches? Governors all over the US are begging the Federal Government bail them out of their own incompetence and short sightedness. They are asking for billions in bail out money, but are they cutting their staffs, their perks or their bloated budgets? NO! So why are we expected to trash the Corporate executives, but give the State executives a pass? Just as there should be no bail outs to companies if the boards aren't willing to change their business models, no governor should be allowed a dime in pork until they have cut their own fat!
6 people like this
9 responses
@Taskr36 (13923)
• United States
2 Feb 09
That's because these pigs protect their own. It happens at all levels of government when you have corrupt people running the show. When I worked for Hillsborough County I watched them crumble after they were audited. Governor Crist had cut property taxes and suddenly counties had to learn some fiscal responsibility. Some did and continued along just fine. Hillsborough however, fell apart. The library was audited and caught forgiving MILLIONS of dollars in fines over the last 4 years. Their budget was cut and rather than lay off the highest level management, whose only job was to watch middle management, they chose to cut 200 part time shelvers making under $8.00 an hour. Upper management continued to drive COUNTY cars and not only kept their perks, they received 3.5% pay increases and the Director of the Library received a 5% pay increase. Since none of those morons actually worked on the front line they didn't have to suffer the consequences of cutting vital, yet inexpensive staff.
2 people like this
@ParaTed2k (22980)
• Sheboygan, Wisconsin
2 Feb 09
Yup, and I bet every one of those people are complaining about the Corporate executives getting to keep their perks even when they are begging for bail outs. Of course, THEY can't be part of the problem!
1 person likes this
• United States
2 Feb 09
The Auto execs were lambasted for fly corporate jets to ask for Government gravy. Yet 600 private jets flew into Washington for Obi Wan's Immacualation. Hypocracy among the Government and the media seems to have no bottom. Not only are the American people expected to cut Their lifestyle. We are expected to PAY For the mistakes and incompetance of the people we send there to run things. You will Recieve an Abundance of that which you tolerate.
1 person likes this
@mscott (1924)
• United States
2 Feb 09
I have nothing against a person getting a bonus from their company. However, we should not be bailing out any of these businesses that award their executives for running the company into the ground. I have a hard time seeing why we are bailing any of these companies out. Capitalism is about doing good business, if it isn't a good business or product then it fails. Why don't we bail out the little kids who had a lemonade stand but drank all the lemonade? They need help recovering too right? It just doesn't make sense and then throw in the fact that we are nominating officials who cheat the government on their taxes to be in charge of handing out the money, great, this problem should be an easy fix.
@ParaTed2k (22980)
• Sheboygan, Wisconsin
2 Feb 09
So what do you think about the actual point, that is, Governors, Legistlatures and other State employees getting bonuses and perks while begging for bailouts?
1 person likes this
@suspenseful (40314)
• Canada
3 Feb 09
They should not get any bonuses or perks. If they have not cut their own salaries, not decided to rent or lease cheaper cars instead of Ford LTDS, and yet expected their employees to go without or get cut in salaries, they do not deserve to get bailouts. Bonuses and perks are for the employees at Christmas and at the end of the year for them working beyond their duty and are because the company could not give them a raise. It is not to give the executives a larger style house or a trip to the Bahamas. If they do not have a good business model, then the government should let them fold and give the employees, those who were laid off, tax breaks.
@bellaofchaos (11549)
• United States
3 Feb 09
I think with the way the economy is going they should really have to jump through hoops to get the bailout. We have to jump through hoops to servive .. Let them for once. I agree they should have any pork fat on their budgets. they should trim anything that isn't necessary and I find that there should be no perks or bonuses. NO PLAY MONEY!!! BAIL OUTS SHOULDN'T EVER GO TO ANYONE THAT IS USING IT AS PLAY MONEY FOR FRILLS. !!!!!!
@oldboy46 (2132)
• Australia
3 Feb 09
Elected officials should not be getting anything over and above their salary and that is regardless of the state of the economy. They know what they will be paid when they agree to stand for election or they accept a position with a state government body. If they don't like the salary, then go elsewhere for a job which might pay more if you are only interested in the almihgty dollar. When the economy is as bad as it is today, then these people should not even be getting a pay increase. In addition, they should be forced to reduce their spending and all the perks of office are gone out the window. We can take our lunch from home and maybe it costs $5 so why do these people need to be fed at taxpayers expense a $100 meal for lunch. Let the eat sandwiches like the rest of the world does when they are paying for their own meals. Where did the days go when people stood for election or took a government job because they wanted to to a public service? They didn't have enormous salaries, flash cars, private jets, lunch every day at the Ritz washed down with a couple of bottles of Vintage Grand Hermitage.
@subha12 (18452)
• India
3 Feb 09
It is what made Obama furious. it is just taking advantage in terms of money in any way you can.Always the people with power try to siphon as much money as posible.
• United States
3 Feb 09
(standing up giving you a loud standing ovation). Finally....someone has said it. If everyone is so cash strapped....why aren't they cutting the fat? From corporate american to our local, state and federal government....in order to get a dime they should have to cut all the fat out of their budgets. Why congress and the president are not demanding this is something we should all think about......and then call them demanding to know the answer.
@anniepa (27280)
• United States
2 Feb 09
I sure don't know what is going on with every governor of every state in the U.S. but I'd guess many of them have made cut backs - granted, most of them could probably make more - but I'd guess just about every single state has suffered from the bad economy and have therefore loss a lot of revenue. For states that have an income tax, they're losing millions when there are hundreds of thousands unemployed and hundreds of businesses closing down. Sales tax revenues would also be down since nobody can afford to buy anything. I understand even Governor Palin has requested a few billion for her state of Alaska! Annie