Whatever happens in the remaining two days of the season, this match has provided ample ammunition for those who defend the two-division structure of Championship cricket – and has even provided nerds with a splendid justification for bonus points, as there was excited chatter all day about the possibility of Lancashire declaring on 250 for five to deny Middlesex a second bowling point.
The justification for these bonuses given to the committee was "normal industry practice".
"There's simply no justification for multimillion-dollar bonuses that are paid out to people who were irresponsible," said Rep. Peter Welch (D-Vt)., who this year proposed legislation levying a tax on bonuses of more than $50,000 at TARP recipients.
AIG was quick to note this in their white paper offering the legal justification for paying out these bonuses, which FDL obtained yesterday.
Bankers must understand that, after the billions pumped into the banking sector, there can be no financial or moral justifications for the obscene bonuses which are still being paid out.
He sent AIG subpoenas yesterday seeking data on who received the bonuses and the justification for them.
Jeff Gewert Stamford, Conn., March 17 , 2009 To the Editor: Re "The Case for Bonuses at A.I.G.," by Andrew Ross Sorkin (Dealbook column, March 17): Much has been made about the sanctity of contracts as a justification for paying out huge bonuses to investment bankers at A.I.G. and other bailed-out financial companies.
Check your eligibility for bonuses.
Check the fame magazine daily for bonuses.
Pay packages will have to be designed to prevent excessive risk-taking, which may involve deferring as much as 60% of managers' bonuses.What is the justification for this interference in private contracts?
But some perceive a moral justification for the low-budget eBay deals, given the large bonuses doled out to Enron executives just days before declaring bankruptcy.
