Greed Is Good

Greed is good
In the article published by the Wall Street Journal the writer explains where bonuses were paid and why. I believe that some bonuses were paid justly and some were not. If the contract with the employee has a bonus structure outlined and the person makes the stated goals the bonus should be paid. There is a reason some of these high priced executives make huge sums of money and that is they are worth it. Their knowledge and expertise is supposed to make the company money and therefore justify the large salaries. If they don’t they should be terminated and the company has to deal with the loses on its own. Capitalism, right?
The problem the public has with the large bonuses is they see only that the company is failing and they are receiving taxpayer bailout money. I argue, the government should have given no “bailout” money in the first place and let the free market take over. Where one giant corporation fails another will step in and take its place. Greed is good if you are making the money. If you’re not, you’re bitching and complaining. We as taxpaying citizens elected the government “experts” that decided to offer all the “bailout” funds with no regulations so in many ways we are responsible for the decisions made by the companies and government officials.
I compare this whole situation the 9/11 Patriot Act. In haste and fear we allowed many of rights to be restricted by government because we were scared of future attacks. Our elected politicians voted to pass such legislation without reading the majority of it. I’m sure they were briefed on it… In the future we should pay more attention to who we elect then what company is about to fail and have some faith in capitalism and free market. Just be prepared for the worst or you will be the one bitching and complaining.