I fail to see the problem here. How else are they going to keep on talent?

368k? Mitt Romney gets several times that when he wrecks companies. I mean, there's doctors that make more than that. How do you expect any CEO to live on a measly 368k. That's not even enough money to excite people playing the lottery. 2nd round NBA rookies make more than that.

Solyndra is the new ACORN

vartian: So seriously...fark you and your pathetic concern over absolutely nothing, submitter.

Indeed. But, Solyndra is on the GOP hit list, and so they're going to keep farking that chicken.

Replace the word 'bankruptcy' with the word 'buyout' and change the company name from 'Solyndra' to 'T-Mobile' and you'll find the same thing happened there.

The exact same thing happened when my ex-wife worked at Macy's NW corporate headquarters after they announced they were shutting the place down.

When you're some of the last few skilled employees left at a failing/closing company, it's far cheaper for the company to award pay raises/bonuses to have the few of you work until the very last day than it is to have you leave and then they have to hire and train highly skilled workers on a temp basis.

Plus people are getting worked up over a couple dozen employees receiving bonuses at less then 30k each? My god, we need another fact finding congressional hearing!

From The Farking Article: won court approval to pay some of its remaining workers as much as $368,500 in bonuses.



omg outrage. No one person deserves $368,500 in bonuses

The bonuses, the largest of which is $30,000, cover 13 engineers, five accounting and compliance employees, and two information technology specialists.

Who ever wrote this article needs a kick in the balls.

12349876: 368k? Mitt Romney gets several times that when he wrecks companies. I mean, there's doctors that make more than that. How do you expect any CEO to live on a measly 368k. That's not even enough money to excite people playing the lottery. 2nd round NBA rookies make more than that.

Tl;dr- Derp.

How do you expect to keep good people?

The bonuses were guaranteed in a contract. We can't have the government going and...wait, they're just ordinary workers? Oh, f*** them then.

vartian: ...$368,000 in bonuses.

Ahem.

After the U.S.-led invasion of Iraq in March 2003, the George W. Bush administration flooded the conquered country with so much cash to pay for reconstruction and other projects in the first year that a new unit of measurement was born. Pentagon officials determined that one giant C-130 Hercules cargo plane could carry $2.4 billion in shrink-wrapped bricks of $100 bills. They sent an initial full planeload of cash, followed by 20 other flights to Iraq by May 2004 in a $12-billion haul that U.S. officials believe to be the biggest international cash airlift of all time.

This month, the Pentagon and the Iraqi government are finally closing the books on the program that handled all those Benjamins. But despite years of audits and investigations, U.S. Defense officials still cannot say what happened to $6.6 billion in cash - enough to run the Los Angeles Unified School District or the Chicago Public Schools for a year, among many other things.

Ahem.

With the financial system on the verge of collapse in late 2008, a group of troubled banks doled out more than $2 billion in bonuses and other payments to their highest earners. Now, the federal authority on banker pay says that nearly 80 percent of that sum was unmerited.

So seriously...fark you and your pathetic concern over absolutely nothing, submitter.

yes cause its completely okay to steal money if its just a little bit, right?

/gimme a dollar

How do you expect to keep good people?

What good people? The frickin' company lost half a billion dollars and is now going bankrupt.

Good people?????? Ya.

If only there was a market for solar panels.

So... business as usual then?

It doesn't appear that any of that is going to executives, but to actual working people, so yeah... non-story.

I was worried this was bad, but I knew I could come here and find out it was actually a great idea.

nopokerface: I was worried this was bad, but I knew I could come here and find out it was actually a great idea.

Exactly. Tax payer supported bonuses to bankers was an outrage, but it's different this time. These are real people getting bonuses this time. Real people.

once again the communist eat the capitalist for lunch.

nom, nom, nom

Close2TheEdge:

Execs at Solyndra committed fraud, and there is at least a strong chance that these bonuses are neither warranted or deserved. It doesn't rise to the level of Iraq, but it still shouldn't be allowed.

1. These are not execs getting the bonuses.
2. It was reviewed by a bankruptcy court handling the case to see if it should be allowed.
3. Would you be okay letting the skilled folks getting essenially rentention bonuses leave now, taking their experience with them and causing the bankruptcy to be more costly?

How about the 50 Million in legal fees paid for Freddie Mac executives? They should be put up against the wall already.

They deserve the bonuses for their work in convincing a naive President to give them money and make the loans subordinate to other debt.

dlp211: I fail to see the problem here. How else are they going to keep on talent?

If they're so talented then why is the company bankrupt?

vartian: ...$368,000 in bonuses.

Ahem.

After the U.S.-led invasion of Iraq in March 2003, the George W. Bush administration flooded the conquered country with so much cash to pay for reconstruction and other projects in the first year that a new unit of measurement was born. Pentagon officials determined that one giant C-130 Hercules cargo plane could carry $2.4 billion in shrink-wrapped bricks of $100 bills. They sent an initial full planeload of cash, followed by 20 other flights to Iraq by May 2004 in a $12-billion haul that U.S. officials believe to be the biggest international cash airlift of all time.

This month, the Pentagon and the Iraqi government are finally closing the books on the program that handled all those Benjamins. But despite years of audits and investigations, U.S. Defense officials still cannot say what happened to $6.6 billion in cash - enough to run the Los Angeles Unified School District or the Chicago Public Schools for a year, among many other things.

Ahem.

With the financial system on the verge of collapse in late 2008, a group of troubled banks doled out more than $2 billion in bonuses and other payments to their highest earners. Now, the federal authority on banker pay says that nearly 80 percent of that sum was unmerited.

So seriously...fark you and your pathetic concern over absolutely nothing, submitter.

This country has a federal authority on banker pay?

WhackingDay: It doesn't appear that any of that is going to executives, but to actual working people, so yeah... non-story.

Well, then it's different. I'm an actual working person, how much money can I force you to give to me? Legally, of course.

368000 is a much bigger number than 535. Not sure how to put that in terms of Rhode Islands though.

/or is the plural 'Rhodes Island'

Chinese government subsidies for the solar industry in China make it almost impossible for American solar companies to survive.
Why buy American made solar products when you can buy the cheaper Chinese version ...

vartian: ...$368,000 in bonuses.

Ahem.

After the U.S.-led invasion of Iraq in March 2003, the George W. Bush administration flooded the conquered country with so much cash to pay for reconstruction and other projects in the first year that a new unit of measurement was born. Pentagon officials determined that one giant C-130 Hercules cargo plane could carry $2.4 billion in shrink-wrapped bricks of $100 bills. They sent an initial full planeload of cash, followed by 20 other flights to Iraq by May 2004 in a $12-billion haul that U.S. officials believe to be the biggest international cash airlift of all time.

This month, the Pentagon and the Iraqi government are finally closing the books on the program that handled all those Benjamins. But despite years of audits and investigations, U.S. Defense officials still cannot say what happened to $6.6 billion in cash - enough to run the Los Angeles Unified School District or the Chicago Public Schools for a year, among many other things.

Ahem.

With the financial system on the verge of collapse in late 2008, a group of troubled banks doled out more than $2 billion in bonuses and other payments to their highest earners. Now, the federal authority on banker pay says that nearly 80 percent of that sum was unmerited.

So seriously...fark you and your pathetic concern over absolutely nothing, submitter.

Both sides are bad, so vote Fartbongo?

vartian: ...$368,000 in bonuses.

Ahem.

After the U.S.-led invasion of Iraq in March 2003, the George W. Bush administration flooded the conquered country with so much cash to pay for reconstruction and other projects in the first year that a new unit of measurement was born. Pentagon officials determined that one giant C-130 Hercules cargo plane could carry $2.4 billion in shrink-wrapped bricks of $100 bills. They sent an initial full planeload of cash, followed by 20 other flights to Iraq by May 2004 in a $12-billion haul that U.S. officials believe to be the biggest international cash airlift of all time.

This month, the Pentagon and the Iraqi government are finally closing the books on the program that handled all those Benjamins. But despite years of audits and investigations, U.S. Defense officials still cannot say what happened to $6.6 billion in cash - enough to run the Los Angeles Unified School District or the Chicago Public Schools for a year, among many other things.

Ahem.

With the financial system on the verge of collapse in late 2008, a group of troubled banks doled out more than $2 billion in bonuses and other payments to their highest earners. Now, the federal authority on banker pay says that nearly 80 percent of that sum was unmerited.

So seriously...fark you and your pathetic concern over absolutely nothing, submitter.

Have you looked at what FDR spent on WWII? Accounting for inflation it makes Iraq look like a modest spring break trip.

So seriously ... fark you and your pathetic concern over absolutely nothing.

/as long as we're throwing out irrelevant historical comparisons on spending that are larger but entirely unrelated to the topic at hand.

vartian: So seriously...fark you and your pathetic concern over absolutely nothing, submitter.

This is what liberals believe.

xtragrind: vartian: So seriously...fark you and your pathetic concern over absolutely nothing, submitter.

This is what liberals believe.

I haven't seen a single issue yet when Obama hasn't been given a pass on the basis of "buh buh Bush!"

My boss of 3 months got a big bonus for pretty much doing nothing and then went on a 2 week vacation. Seems fair.

My boss of 3 months got a big bonus for pretty much doing nothing and then went on a 2 week vacation. Seems fair.

Shame on you, for talking about our President, that way. Have you no respect?

Britney Spear's Speculum: From The Farking Article: won court approval to pay some of its remaining workers as much as $368,500 in bonuses.



omg outrage. No one person deserves $368,500 in bonuses

The bonuses, the largest of which is $30,000, cover 13 engineers, five accounting and compliance employees, and two information technology specialists.

Who ever wrote this article needs a kick in the balls.

Q: Compliance employees.

A: Who are the only people more useless than internal auditors?

12349876: 368k? Mitt Romney gets several times that when he wrecks companies. I mean, there's doctors that make more than that. How do you expect any CEO to live on a measly 368k. That's not even enough money to excite people playing the lottery. 2nd round NBA rookies make more than that.

I know you're being sarcastic. But this is sadly true, and every word of the above statement fills me with rage.

vartian: xtragrind: vartian: So seriously...fark you and your pathetic concern over absolutely nothing, submitter.

This is what liberals believe.

Liberals = people who can do basic math now. Keep moving that bar.

It's not the math that's the problem.

No one is denying that the cost of the Iraq war is/was > than the cost of solyndra.

People are just rightly pointing out that it makes little sense to excuse the latter by comparing it to the former.

/you see your honor I should be let off the hook for killing those hookers because it was only like a couple of dozen whereas McVeigh killed hundreds.

//what? You don't believe me that 20-30 is less than 600+? You're stupid and bad at math.

SOLYNDRA SOLYNDRA SOLYNSOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA DRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA SOLYNDRA

watson.t.hamster: People are just rightly pointing out that it makes little sense to excuse the latter by comparing it to the former.

They should be comparing it to the whole TARP fiasco.

IrateShadow: watson.t.hamster: People are just rightly pointing out that it makes little sense to excuse the latter by comparing it to the former.

They should be comparing it to the whole TARP fiasco.

Which was an unforgivable handout to the rich if you point out that Bush passed it or a necessary action to save the economy and keep Cthulhu in his ancient slumber if you point out that a democrat controlled congress voted for it (including Obama).

vartian: ...$368,000 in bonuses.

Ahem.

After the U.S.-led invasion of Iraq in March 2003, the George W. Bush administration flooded the conquered country with so much cash to pay for reconstruction and other projects in the first year that a new unit of measurement was born. Pentagon officials determined that one giant C-130 Hercules cargo plane could carry $2.4 billion in shrink-wrapped bricks of $100 bills. They sent an initial full planeload of cash, followed by 20 other flights to Iraq by May 2004 in a $12-billion haul that U.S. officials believe to be the biggest international cash airlift of all time.

This month, the Pentagon and the Iraqi government are finally closing the books on the program that handled all those Benjamins. But despite years of audits and investigations, U.S. Defense officials still cannot say what happened to $6.6 billion in cash - enough to run the Los Angeles Unified School District or the Chicago Public Schools for a year, among many other things.

Ahem.

With the financial system on the verge of collapse in late 2008, a group of troubled banks doled out more than $2 billion in bonuses and other payments to their highest earners. Now, the federal authority on banker pay says that nearly 80 percent of that sum was unmerited.

So seriously...fark you and your pathetic concern over absolutely nothing, submitter.

Fake Bush-hating outrage is still fake. Those planeloads of money were not taxpayer money but Iraqi assets frozen during the Saddam Era. Have a look at that show National Geographic did about the man in charge of those transfers when they re-run it again.

So when banks do it, it's "the free market at work" and "not Wall Street's fault". When a solar company does it, it's suddenly awful and should be prosecuted.