Comments on: Bonuses at AIG – Who Wrote that Compensation Plan? http://6ampacific.com/2009/03/17/bonuses-at-aig-who-wrote-that-compensation-plan/ Basab Pradhan's weblog about business and life in a 'flat world'. 6 AM Pacific is the best time for a global conference call. Sat, 13 Mar 2010 08:05:18 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Sajan http://6ampacific.com/2009/03/17/bonuses-at-aig-who-wrote-that-compensation-plan/comment-page-1/#comment-16214 Sajan Thu, 26 Mar 2009 04:55:30 +0000 http://6ampacific.com/?p=371#comment-16214 hi, I am agree with you. i also have an report regarding this <a href="http://ktar.com/?nid=45&sid=1106497" target="_blank">http://ktar.com/?nid=45&sid=1106497</a> hi,
I am agree with you. i also have an report regarding this

http://ktar.com/?nid=45&sid=1106497

]]> By: Vikram http://6ampacific.com/2009/03/17/bonuses-at-aig-who-wrote-that-compensation-plan/comment-page-1/#comment-16204 Vikram Thu, 19 Mar 2009 21:20:17 +0000 http://6ampacific.com/?p=371#comment-16204 Hi Basab, long time - we should start a Gridstone alumni club :) I agree the bonuses were criminal.. but the issue is a distraction compared to the larger AIG scam: <a href="http://online.wsj.com/article/SB123725551430050865.html" target="_blank">http://online.wsj.com/article/SB12372555143005086...</a> or <a href="http://www.ireport.com/docs/DOC-231424" target="_blank">http://www.ireport.com/docs/DOC-231424</a> in case you cannot access WSJ. The solutions suggested in the articles do have political overtones and the answer is not less regulation. The core issue though is the total lack of accountability for folks in wall street - and this mostly has to do with 2 fallacies - 1. "wall street = smart guys, therefore they must know what they're doing" and 2. The market is always right.. Hi Basab, long time – we should start a Gridstone alumni club :)
I agree the bonuses were criminal.. but the issue is a distraction compared to the larger AIG scam: http://online.wsj.com/article/SB12372555143005086... or http://www.ireport.com/docs/DOC-231424 in case you cannot access WSJ. The solutions suggested in the articles do have political overtones and the answer is not less regulation. The core issue though is the total lack of accountability for folks in wall street – and this mostly has to do with 2 fallacies – 1. "wall street = smart guys, therefore they must know what they're doing" and 2. The market is always right..

]]> By: kelpie http://6ampacific.com/2009/03/17/bonuses-at-aig-who-wrote-that-compensation-plan/comment-page-1/#comment-16202 kelpie Thu, 19 Mar 2009 13:22:32 +0000 http://6ampacific.com/?p=371#comment-16202 AIG is just the scapegoat the world is witnessing in this bonus drama. All this while plenty of I Bankers, Treasury Experts, Fund Managers etc were making exponential bonuses and commissions. Nothing on them, across the banking and 'funds' space, nothing to regulate compensation plans which are not so skewed towards a skill or a job that it promotes irrational behavior, no global hue and cry over the larger malaise. It is not just the CEO s in fact it is not them, it is a complete system and function below and inside which benefits much more. . . not to say I never envied their monies. . . but neglecting them and focusing on AIG and CEO s is tantamount to exoneration. . . AIG is just the scapegoat the world is witnessing in this bonus drama. All this while plenty of I Bankers, Treasury Experts, Fund Managers etc were making exponential bonuses and commissions. Nothing on them, across the banking and 'funds' space, nothing to regulate compensation plans which are not so skewed towards a skill or a job that it promotes irrational behavior, no global hue and cry over the larger malaise. It is not just the CEO s in fact it is not them, it is a complete system and function below and inside which benefits much more. . . not to say I never envied their monies. . . but neglecting them and focusing on AIG and CEO s is tantamount to exoneration. . .

]]> By: Vivek http://6ampacific.com/2009/03/17/bonuses-at-aig-who-wrote-that-compensation-plan/comment-page-1/#comment-16201 Vivek Thu, 19 Mar 2009 01:31:22 +0000 http://6ampacific.com/?p=371#comment-16201 To get more info about the comp Plan check out marketplace.org (scroll down to blog) To get more info about the comp Plan check out marketplace.org (scroll down to blog)

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