Re: The Bailout
I'll help you out and the matter can be settled very quickly.
Anything given in addition to the customary or required amount.
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.