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> <channel><title>Comments on: Ruling on severance pay is a study in abuse of commissioner&#8217;s power</title> <atom:link href="http://ifawebnews.com/2009/11/16/ruling-on-severance-pay-is-a-study-in-abuse-of-commissioners-power/feed/" rel="self" type="application/rss+xml" /><link>http://ifawebnews.com/2009/11/16/ruling-on-severance-pay-is-a-study-in-abuse-of-commissioners-power/</link> <description>The nation’s homepage for insurance industry news</description> <lastBuildDate>Sat, 11 Feb 2012 16:59:43 +0000</lastBuildDate> <sy:updatePeriod>hourly</sy:updatePeriod> <sy:updateFrequency>1</sy:updateFrequency> <generator>http://wordpress.org/?v=3.3.1</generator> <item><title>By: Tony Ondrusek</title><link>http://ifawebnews.com/2009/11/16/ruling-on-severance-pay-is-a-study-in-abuse-of-commissioners-power/comment-page-1/#comment-1271</link> <dc:creator>Tony Ondrusek</dc:creator> <pubDate>Mon, 30 Nov 2009 16:44:06 +0000</pubDate> <guid
isPermaLink="false">http://ifawebnews.com/?p=8822#comment-1271</guid> <description>David: The discussion isn&#039;t about the value of his severance package. If I were to agree with your premise that it is excessive, would you then agree that the contract that provided for the severance should be enforced, regardless of the amount? If the legislature and the governor and judges and all the other attorneys and experts say that it is a valid contract (forget about the amount), what right does a bureaucrat have in attempting to nullify it?</description> <content:encoded><![CDATA[<p>David: The discussion isn&#8217;t about the value of his severance package. If I were to agree with your premise that it is excessive, would you then agree that the contract that provided for the severance should be enforced, regardless of the amount? If the legislature and the governor and judges and all the other attorneys and experts say that it is a valid contract (forget about the amount), what right does a bureaucrat have in attempting to nullify it?</p> ]]></content:encoded> </item> <item><title>By: David L. Garrison</title><link>http://ifawebnews.com/2009/11/16/ruling-on-severance-pay-is-a-study-in-abuse-of-commissioners-power/comment-page-1/#comment-1265</link> <dc:creator>David L. Garrison</dc:creator> <pubDate>Sat, 28 Nov 2009 18:31:08 +0000</pubDate> <guid
isPermaLink="false">http://ifawebnews.com/?p=8822#comment-1265</guid> <description>If the services of such executives are truly &quot;worth it&quot;, then these skills should be taught in the business schools and discounted back to businesses.  Or, is the truth of the matter that these are not bona fide skills, but &quot;access&quot;, &quot;croney capitalism&quot;, legalized bribery, and payoffs for carrying out agenda such as we saw at BGE?</description> <content:encoded><![CDATA[<p>If the services of such executives are truly &#8220;worth it&#8221;, then these skills should be taught in the business schools and discounted back to businesses.  Or, is the truth of the matter that these are not bona fide skills, but &#8220;access&#8221;, &#8220;croney capitalism&#8221;, legalized bribery, and payoffs for carrying out agenda such as we saw at BGE?</p> ]]></content:encoded> </item> <item><title>By: Tony Ondrusek</title><link>http://ifawebnews.com/2009/11/16/ruling-on-severance-pay-is-a-study-in-abuse-of-commissioners-power/comment-page-1/#comment-1190</link> <dc:creator>Tony Ondrusek</dc:creator> <pubDate>Thu, 19 Nov 2009 19:26:48 +0000</pubDate> <guid
isPermaLink="false">http://ifawebnews.com/?p=8822#comment-1190</guid> <description>Alan, I had hoped to keep the issue of Mr. Jews&#039; wage out of the discussion, but I knew that it might strike a cord with someone.The REAL issue isn&#039;t how much he makes, but the fact that he has a contract which the insurance commissioner is saying is not valid. That is tantamount to your selling your house for $250,000, moving out and into a new home, and then when you go to cash the check, the buyer says, &quot;Sorry, but despite the fact that we have a contract that has been reviewed by attorneys and approved by the state legislature, we are going to only pay you $125,000.&quot;I imagine, Alan, that if that happened to you, you would be screaming bloody murder. And I would agree with you; it wouldn&#039;t be fair.Certainly, Mr. Jews is making a lot of money. A LOT. Mel Gibson, Bruce Springsteen and author Tom Clancy make many multiples of what Mr. Jews makes each year, and I guarantee that each one has a contract that specifically spells out terms of their compensation. Just as none of them should be denied what was agreed to and is legally binding, neither should Mr. Jews.Our country was built on the premise of law, that a contract between two people is binding and enforceable by our courts. To arbitrarily deny that basic premise in this case by a government servant is a blatant misuse of the public&#039;s trust.</description> <content:encoded><![CDATA[<p>Alan, I had hoped to keep the issue of Mr. Jews&#8217; wage out of the discussion, but I knew that it might strike a cord with someone.</p><p>The REAL issue isn&#8217;t how much he makes, but the fact that he has a contract which the insurance commissioner is saying is not valid. That is tantamount to your selling your house for $250,000, moving out and into a new home, and then when you go to cash the check, the buyer says, &#8220;Sorry, but despite the fact that we have a contract that has been reviewed by attorneys and approved by the state legislature, we are going to only pay you $125,000.&#8221;</p><p>I imagine, Alan, that if that happened to you, you would be screaming bloody murder. And I would agree with you; it wouldn&#8217;t be fair.</p><p>Certainly, Mr. Jews is making a lot of money. A LOT. Mel Gibson, Bruce Springsteen and author Tom Clancy make many multiples of what Mr. Jews makes each year, and I guarantee that each one has a contract that specifically spells out terms of their compensation. Just as none of them should be denied what was agreed to and is legally binding, neither should Mr. Jews.</p><p>Our country was built on the premise of law, that a contract between two people is binding and enforceable by our courts. To arbitrarily deny that basic premise in this case by a government servant is a blatant misuse of the public&#8217;s trust.</p> ]]></content:encoded> </item> <item><title>By: Alan</title><link>http://ifawebnews.com/2009/11/16/ruling-on-severance-pay-is-a-study-in-abuse-of-commissioners-power/comment-page-1/#comment-1189</link> <dc:creator>Alan</dc:creator> <pubDate>Thu, 19 Nov 2009 19:06:01 +0000</pubDate> <guid
isPermaLink="false">http://ifawebnews.com/?p=8822#comment-1189</guid> <description>No one should make more that 4 times the family average salary in the US, which is around $38K ...that would solve the problem of wall street, judges, legislators and the likes of a Bill Jews. Want more than that???.....more the family average up.</description> <content:encoded><![CDATA[<p>No one should make more that 4 times the family average salary in the US, which is around $38K &#8230;that would solve the problem of wall street, judges, legislators and the likes of a Bill Jews. Want more than that???&#8230;..more the family average up.</p> ]]></content:encoded> </item> <item><title>By: John Darlington</title><link>http://ifawebnews.com/2009/11/16/ruling-on-severance-pay-is-a-study-in-abuse-of-commissioners-power/comment-page-1/#comment-1169</link> <dc:creator>John Darlington</dc:creator> <pubDate>Tue, 17 Nov 2009 16:32:39 +0000</pubDate> <guid
isPermaLink="false">http://ifawebnews.com/?p=8822#comment-1169</guid> <description>Reluctantly, I agree with the judge&#039;s decison as I do not believe at an ANY bureaucrat has the right to interfere with any legal contract. That being said, however, my personal opinion of Bill Jews and the outrageous severance agreement he was offered makes me wish that such a payment could have been prevented. No one, particularly Jews, is worth or should be entitled to such an amount. My God, that is more than most people make in a lifetime!John Darlington</description> <content:encoded><![CDATA[<p>Reluctantly, I agree with the judge&#8217;s decison as I do not believe at an ANY bureaucrat has the right to interfere with any legal contract. That being said, however, my personal opinion of Bill Jews and the outrageous severance agreement he was offered makes me wish that such a payment could have been prevented. No one, particularly Jews, is worth or should be entitled to such an amount. My God, that is more than most people make in a lifetime!</p><p>John Darlington</p> ]]></content:encoded> </item> <item><title>By: Laurie</title><link>http://ifawebnews.com/2009/11/16/ruling-on-severance-pay-is-a-study-in-abuse-of-commissioners-power/comment-page-1/#comment-1168</link> <dc:creator>Laurie</dc:creator> <pubDate>Tue, 17 Nov 2009 15:49:01 +0000</pubDate> <guid
isPermaLink="false">http://ifawebnews.com/?p=8822#comment-1168</guid> <description>So, do the taxpayers now get to bring suit again Mr. Tyler for the taxpayers&#039; dollars used to fund this personal vendetta? Good new for Mr. Jews. It&#039;s just sad that he had to wait all this time to get what he was already entitled.</description> <content:encoded><![CDATA[<p>So, do the taxpayers now get to bring suit again Mr. Tyler for the taxpayers&#8217; dollars used to fund this personal vendetta? Good new for Mr. Jews. It&#8217;s just sad that he had to wait all this time to get what he was already entitled.</p> ]]></content:encoded> </item> </channel> </rss>
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