Solyndra bonuses
How can a company like Solyndra be given a $535 million taxpayer-backed loan guarantee, go bankrupt and be allowed to give out $370,000 in bonuses? If they did such a good job, why did they go bankrupt? And where does the $370,000 come from?
Julie Pawlak
Hackensack
Comments (6)
Add commentJulie, where have you been?
That's called hope and change.
Bonuses at Solyndra
Julie, when there is $500 million of our money floating around in a company, it is pretty easy to ignore a few bills and pay $370,00 in bonuses. Where did it come from? Your pocketbook and my pocket.
Wind and solar are not profitable or competitive at this time, so they need subsidies from taxpayers and ratepayers. Whether we should be supporting them now is a different question on which I write editorials that Obama and the MN government ignore.
Rolf
fundamental difference #2,883
Solyndra is a private company. What they pay their staff is not your business, Julie. Plus, bonuses are not always given for past performance. Many times a signing bonus is paid with expectations of future performance. The execs to receive bonuses received them in hopes that they would stay with the company and see it through the bankruptcy process. They could, and probably would prefer to, just get a job at a stable company. Instead, they are going to stay with Solyndra while it tries to make sense of how and why it became the first victim of the (hopefully) short-lived 'green' bubble.
Your ire should be directed at the Department of Energy for putting politics ahead of science in regards to the guarantee on this unnecessary loan.
But JohnBrown
The Dept. of Energy was acting under Mr. Obama's direction and leadership. Surely he wouldn't have allowed politics to affect that issue anymore than he would allow an ex-lobbyist be an Admistration employee.
whew, johnbrown!
Thanks for saying that! I was sure I read we were a socialist country and owned this solyndra company and gm! I am glad to know it is just a bad loan.
Wonder if that's what happened in Little Falls to that bank. Defaults on loans. Not good.
Bonus?
time to occupy them greedy CEO's!