Thread: The Bailout
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  #29  
Old 03-21-2009, 10:08 PM
BlueAngel BlueAngel is offline
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Join Date: May 2007
Posts: 10,799
Default Re: The Bailout

Here.

I'll help you out and the matter can be settled very quickly.

BONUS:

Anything given in addition to the customary or required amount.

WAGE:

Money paid for work done.

A BONUS is NOT a wage.

Therefore, the Connecticut WAGE law, which the AIG executives are using to justify their bonuses does not apply.

I cannot imagine that our states have a law that protects the BONUSES to be paid to employees of companies.

Bonuses paid to employees are not a public matter.

They are a private CONTRACTUAL matter between employee and employer.

I can, however, imagine that states have a law to protect the wages of employees.

One is not the same as the other.

IMO, of course.

Last edited by BlueAngel : 03-21-2009 at 10:11 PM.
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