Originally Posted by BigPopov you pay the people doing it

nobody's arguing that, though. this isn't pay, it's a bonus.

something about the financial culture of the wealthy is amazing. when we bailed out the banks, bonuses were paid out in the millions (if not tens/hundreds of millions) because the bonuses were "contractual obligations."

...never mind the absurdity of contractually obligated bonuses...

yet, historically, employee pensions are cut, blow up, killed off, eliminated entirely...and suddenly contractual obligations are no longer important.

"class warfare" indeed.

http://www.politicususa.com/betrayal...ankruptcy.html

The main baker pension fund alone is missing $22.1 million. Because the money didn’t come directly from employees, it may not technically be illegal (theft), even though the employees agreed to have a certain part of their wages turned into pension funds by the employer. See, it’s not just the employer contribution, but also employee wages earmarked for the pension fund. Wages. . . . Even as Hostess blamed the unions, creditors accused Hostess of manipulating executive salaries in an attempt to get around bankruptcy laws, with then-chief executive Brian Driscoll’s salary going to $2.55 million from around $750,000 while “other executives’ salaries were increased by from 35% to 80%.”

How is this type of behavior tolerated or defended?

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Because we're a nation of plutocrat bootlickers and billionaire apologists.

Originally Posted by mykevermin Because we're a nation of plutocrat bootlickers and billionaire apologists.

Indeed...

HSBC to Pay $1.92 Billion to Settle Charges of Money Laundering

Wanna blatantly get away with committing crimes? Do it through a corporation!