Bailout Billions towards Bonuses

" Starter received pay deals were more than seventy billion dollars all that for the disastrous work so far this year and the destruction of shareholder wealth. Now money by the way includes a whole lot of bonus pace is that right to give bonuses to workers -- firms that are taking billions and bailouts. When corporate head and says yeah we should do what Wall Street should still be getting bonuses this year John Warren is president of eight list associates an executive search firm. And he here he is here now to explain. I will say this executive pay should not have been the issue that it once you -- to really she was rescuing your credit markets during the bail out. But the executive pay issue was. Politicized it was politicized for reasons John because there is no more hot button issue. Many CEO or a high level manager and make it five and ten million box as their firm goes out of this it's true life."

" They get bonus basically at our privacy. To double its sort knowing that the you have to reward the hard part the hard worker. You know the the big guys that make millions and millions they should -- just realize that you know it's a bad time. But keep your talent you got to reward talent and otherwise to tell will leave. And I find is it fair to Colin talent though when stocks have gone from fifteen to two. Well you know depends on the brokered so that's that's representing your portfolio. I know on. You know my -- very pro active anyways Bosnian what he's doing which trades. And I feel with his efforts that his his intentions -- really good so he's he's not. You know involved in the real state market is much is more about this in stocks and trading some stocks -- that the common market. So my portfolio like everybody else has got slammed. But he involves means that we're going to turn this around city is this motivation. Bennett feel that it is he's the kind of guy that should be rewarded big bonus now. Recognition."

" Sure okay fair enough that but why not fund that from operations we know there -- banks or receiving government money. Plans in the bailout but also getting it in the Fed's discount window by borrowing directly from the government. Should they use that money sure -- all this."

" Still because if the bomb once if you don't bonus. Given heard a lot of people and -- guard depending on the bonus. You know there -- a lot of these young guys came up at a school you know they have huge loans to -- you know their analysts in the look and work their way up there expecting. You know pretty sizable bonus if not they're gone. And there's a lot of opportunity are they going -- the opportunity -- us -- and a couple of -- some -- saying people shouldn't be rewarded you know. But they should be rewarded for performance. Of performances stop it's gone from fifty dollars to two bucks right and you're taking billions in government handout. Where's the performance. This December but it was getting rich during the real estate market you know and we everybody had you know read in let's make a lot of money that was the only sector that was taking off. Everything else was -- in hopes. Making a little bit money here and there -- real estate everybody was on that bandwagon let's get rich let's just you know for the money to real estate and that's what portfolios everybody's portfolio pretty. Well finest -- was doing really well then also in the boom comes just like the dotcom -- many years ago but -- lot of money with. Senate -- affected by this real estate sector that got hit and you know the don't know the banks it's it's greed. That brought -- and now it's time to tight."

" The -- and rewarding greed. We're Michael giving these bonuses out only tell us and I understand my enemy many people don't -- realize this in most cities high paid Wall Street here about. Make almost nothing and sour or they don't make much of a salary it's all one -- year. In a big bonus right but at the same time John they see these numbers mean BC's 2.5000000011e+19. Point four billion. And it makes our viewers and the taxpayer on America middle America's head spin now in my too sure you know arm I'd rather see. In my carefully pick up and everybody do well at the world constructive scratch again Allen and you know again the guys who. And I have a lot of friends at a bar or -- investment banking. Field and they feel they deserve it intention to hurt I feel bad for them on a Tibetan middle America and you know main street USA -- Wolf illness but you know if we punished the guy who works hard. And who's gonna benefit from this at all world world going to be sorry we didn't take care. You know we take care of them to a degree all right John Warner they -- associates an executive search firm John thank you very much speculation it."