The executive pay at AIG, Merrill Lynch and other companies around the world in places such as TeliaSonera in Sweden and Valeo in France makes no sense at all. Executive have got paid well even as the companies they ran were running to the tax payers for help have got me wondering. In the hay days we didn’t mind that much of these payments to executives since we assumed they were been paid for the “good” job they did (so we thought) making profits for the companies. No public outrage was shown and if it was, it was kept at a minimum. Now the problem comes when they are losing money, I don’t buy even at a discount any of that contracts BS. How can a contract be written to the effect that there is no downside to whatever one does? If the is the case everyone should get a college degree with his/her acceptance letter in the mail and after four year a frame and a minor degree in another major. Once in college they should attend the classes they want, drink as much as they want, forget the repercussion, the “contract” degree is at home and you are waiting for the frame and the minor degree after four years. Oh yeah if you drink too much and you get caught by the campus police and they threaten to lock you up just request an early delivery of you frame and you can leave and head to another college. The only other person that gets paid even if he/she is wrong is the weatherman who by the way said that today was going to be sunny, but it is raining like hell. And I love it when they say “we have a 20% chance of rain or 75% or even 60%” but when they say “we have a 50% chance of rain” I have no idea what the means…it might rain or it might not rain? you pick.

When these companies made money they got rewarded but when they fail to make money they should be punished. Please don’t give me that rubbish that they need bonuses to perform, if that were the case then these are not the right people to do that kind of work. People should work because they love what they do and the bonuses should be extra icing on the cake. Take pilots for example, they do it because they love it and they do due diligence with a check list to make sure all they systems are working right.