Spinoneone
2009-03-20 05:46:21
O.K., Frank, fun is fun. What would everyone be saying if AIG had paid its staff “commissions” for each transaction completed? After all, they are supposed to be compensated based on the amount of business they bring to the company. If they sell a couple of billion in insurance policies, they are entitled to a bonus of “X” percent. If they bring in a couple of billion for one or several hedge funds, they are entitled to a percentage. So, if they, like car salesmen, were paid a commission per transaction instead of one lump sum at year end, would anyone have either been the wiser or complained?
