Execs who should give back bonuses

It's not so much about morality as a matter of common sense: Corporate officials who erode shareholder value shouldn't get huge payouts.

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69Comments
Aug 2, 2012 11:52AM
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these guys will not give back the money because they are crooks, they planed the whole thing knowing they would get money for nothing.  This is the new American way that is in part why we are going down the drain and will keep going till their is no longer an America.  It is all about the money, be it business or government.  Take as much as you can and do nothing for it.
Aug 2, 2012 11:03AM
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Franklin Raines formerly at Fannie Mae should have his $100 mullion forfeited and he should go to jail.
Aug 2, 2012 12:22PM
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My CEO should give back his bonus.  Most CEOs in today's corporate world also should.  Every dollar that ends up in an executive's pocket should directly reflect the job they did and the money they have made for the company and stock holders.  It is beyond obscene the millions executives get for even doing a horrible job.  It all comes down to who you know today and the "buddy-buddy system".  It is all just disgraceful.
Aug 2, 2012 9:44AM
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Forget re-paying their outrageous salaries/bonuses. Fund Execs who knowingly lied and cheated people out of ther homes and retiremnents should be stripped of all assets, made to live in Public Housing and forced to manage the third shift at McDonnald's FOR THE REST OF THEIR MISERABLE LIVES!

 

As an aside, when will people learn to stop trusting their life-savings to people named, Gold, SIlver, Diamond, etc...................

Aug 2, 2012 12:20PM
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Besides returning any monies, there ought to be some jail time involved! And not just a couple days!
Aug 2, 2012 12:07PM
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They are as likely to give back the bonuses as the Robber Barons of the 19th century were to give their employees a decent wage and safe working conditions and safe products for the customers. The only thing they understand is force , strong unions, strong govt regulation, and 100% public outrage and boycotts.
Aug 2, 2012 12:40PM
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You have to be joking?  Right?  Maybe more on the wishful thinking side?  Anyone who get's that kind of money for doing what those people mentioned did for it are not going to willingly give it back any time soon.  Most crooks do not ever willingly return what they stole do they?  At least their names are now out in public view for the deeds they have done.

While you're at naming names, how about naming some politicians who did about the same thing?  The list could be endless on how many do so little for so much money?  It may do more good than the other?

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Add George Jones & Ron Marshall to that list- Two CEOs solely responsible for the demise of Borders Group Inc.- Each marketed themselves as turnaround specialists, each added weight to the top ranks while gutting the field, each ignored technological advancements in the sector, failing to stay competitive and each rode out a year and a bit later with their team of "experts"  and all the cash they swindled.  There are many more that should be on this list, but these two are certainly noteworthy, shady, failures.
Aug 2, 2012 7:51AM
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spreadex,

 

"Why do these people get huge bonus's "

 

Why do althletes make the money they do for playing games?

 

Because they can and because somebody is willing to pay it.

 

Often it really doesn't matter what kind of year their companies have, or in the case

of athletes what kind of year they and their team have because they have long term

contracts with a great deal of guaranteed money no matter how they perform

 

Also most CEO's have golden parachutes when they leave no matter what kind of

job they have done.

 

 

 

 

Aug 2, 2012 7:08AM
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Why do these people get huge bonus's when they do not even know how their companies are run when asked? Lehman Brothers CEo go a 50 million dollar bonus as his company went belly up. When Merrill Lynche was being bought out for pennies on the dollar the then ceo had his office redecorated on the companies dime for over a million dollars. The stink on that one was so bad he payed for it himself then took a bonus...You have to think....when they get these huge bonus's wehn they open the doors on Jan 1 they have to make ate least that much profit just to pay the head honcho and if you do business with them you are helping pay it. In 1979 CEOS made 40 times as much as the average workers pay today it is over 500 times that rate. Think how well this country would be doing if that amount was spent on hourly workers who live paycheck to paycheck and spend almost all of their pay and keep the economy going rather than some stuffed shirt hiding his money in the Caymans or a swiss bank account like Romney
Aug 2, 2012 11:44AM
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Why don't we just outsource the boards. They've already done it to all their other minions.

Imagine, we can Hire Ishboo from India pay him 20 dollars a month.  Don't need to fly him/her in, just mail a computer to him and Ishboo can skype his way to office.  By firing the CEO we can save up to 231 times the amount it costs just to fire one employee.


Not to worry about diminishing demand.
You'll [Investor] be dead by the time no one can buy stuff from the company but you. 
Aug 2, 2012 11:18AM
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Hey Grayghost it was the texas clown who got into this mess with all the kickbacks to his rich friends.The repub fat cats want to keep it all and put the money in the bahamas. The dems will tax you but a least the money is used in the USA. Clinton had a balanced budget the country was in great shape then the repubs had a better idea look where we are now.
Aug 2, 2012 2:27PM
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Giving an exec a bonus tied to good company performance is one thing, these bonuses are way out of line and everyone knows that. It is the fact that they can get away with it!
Aug 2, 2012 12:58PM
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In what world should any company reward these clowns for not doing their job.  Obviously anyone else could have done it better than they did?
Aug 2, 2012 11:49AM
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I know an executive that should return a Peace Prize!
Aug 2, 2012 12:11PM
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Of course they should pay back bonueses --but is it going to happen --I dont think so --so what is the point.  Trying to make news rather than report it.
Aug 2, 2012 12:17PM
Aug 2, 2012 4:56AM
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well if they give back the bouns , they should have never gotten it , with so many losses  that these companys have they walk a way with millions an the share holders an employees  get the boot an bills , no ceo should get a bouns if the company is in the red or they have not been there for at least 2 years , because they have not done any thing , most companies can get by more than a half a year  with out a ceo if they have a borad of directors  making a future of a company , an yes why are not checking the resurme for background check  they have the money to do that , small businesses dont , if a person on the street get hired  your darn sure they check theirs , maybe i should try to get hired in one of those companies  work for two days an get 10 million ???? then if they fire me so be it ,  an other thing i wonder why these companies  are in the red , they are not doing their jobs  at all  just throwing money out to any one with a nice smile an a false resureme
Aug 2, 2012 1:45PM
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If it were up to the average stockholder, the bonus/golden parachute would/should be tied to performance, and not performance for a quarter or two.  How about performance 36 months later, when true economic decisions have an opportunity to become effective?  Any moron can cut expenses and show a great profit for a quarter or two (CITI??), and then roll out with a big bonus.  The true test of these "cost saving measures" comes after the edicts have been in place long enough to determine if they truly are effective, or just a way to squeeze out an extra million or two in bonus money, just before one of the scumbags jumps ship, leaving the fallout to the next schmuck.  And, it's the Board Members of these companies that create these lucrative deals.  Ultimately, there is a "good ol' boy" network among the boards of these big companies, and no one wants to rock the boat; there's just way too much money involved.  Look at our Congress... nothing is going to change there, because those that have the power make the rules.
Aug 2, 2012 1:26PM
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These Presidents,CEO that run big companies should lose their jobs return the hugh saleries ,bonuses, drivers and what not...Then be thrown into Jail for 6-12 months and not a country club jail , one with the common people...Teach then a good lesson...
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