Printer-friendly
Send to e-mail
PDF version(UNEDITED)While I was reading the Our View "Get Back Bonuses" this morning (27Oct09) I was very angry that the SITLA gave double bonus last June. What were they thinking when they did this knowing good and well that every penny that can be taken out of their budget only helps each and every person living in Utah?
he article states that SITLA has a very important job. It says that the money the agency earns from sales and leases of the 3.5 million acres it manages goes to the state's public schools. I am glad that this agency is helping fund our public schools but am very upset that they are also taking money from the state's public school by giving out bonuses. I bet that the members of the agency gave themselves a big pat on the back while they slappe the school system in the face while the other hand was waiting for their bonuses.
One of my supervisors that I had while at a job several years ago told me something that I think is very appropriate because of not only the double bonuses but any bonuses that the SITLA gives themselves: One ah crap wipes out 100 atta boys. I still don't know the reason why SITLA, and other companies across the state and nation, hand out bonuses to their top personnel. I have worked for over 40 years and, believe it or not, it wasn't the top personnel that made the companies money but the personnel on the production lines along with all the support groups that kept the lines making money. This is true in any type of company.
One company I worked for the plant manager received a weekly bonus if production output was exceeded. When a bonus was given he knew that it was a group effort not an individual effort. The next week we were given treats (donuts, pizza,burgers,ect) as his way of thanking us for our hard work.
Brent F. Maylin
Clinton
This recession brought with
This recession brought with it a record number of bank closings. The number of banks flagged as being especially great risk for bank closings keeps rising, as over 400 banks are listed by the FDIC, or Federal Deposit Insurance Corporation as being troubled. However, the rate of additions to that listing has slowed, but how long it will take for the banking system to recover is unknown. If it will ever recover is also kind of up in the air at the moment. It begs the question of whether all that money we spent on TARP programs were actually preventing any <a href=http://personalmoneystore.com/moneyblog/2009/11/03/bank-closings-fdic/>bank closings</a>, or were just lining the pockets of some already guilty suits.
Bonuses
Bank execs get bonuses for bankruptcy, foreclosing property and getting taxpayers to pay for it. Auto execs get bonuses for bulldozing factories, laying off workers, moving them offshore and getting taxpayers to finance dealer incentives to destroy perfectly good vehicles. Airline execs get bonuses for elinminating pension obligations and sending theirs offshore to tax free accounts. I see no problem here.