Retention Bonus vs. Performance Bonus

Retention Bonuses vs. Performance Bonuses

I think that the current bonus tax is a pile of B.S. I don't think that the people who are asked to stay on while a ship is going down should be punished for their efforts. Did they make people buy homes that were out of their price range, get into mortgages that they could not understand, speculate on multiple homes, No! I don't blame the engineers at Smith & Wesson for the drive-by's in my city. Do we sue McDonald's for making us fat? Oh, silly me, I guess we have been a country that likes to blame everyone else.

Let people keep their hard earned RETENTION BONUSES. Strike down every person who takes a dime of performance money, but don't make martyrs out of these people. I don't want AIG executives to have any sympathy, just let them finish making their beds, so we may put this problem to rest.

If we want to fix the underlying assets that are dragging down the financial industry, we have to refinance, re evaluate our income levels, and be realistic. The real estate market will move up as inventory is reduced. Remember Econ 101...supply and demand....if this seems too simple that because it is! Government is just making it hard.