AIG Executive Bonuses, Seriously?
Today’s news AIG planning to use more tarp money to pay $175 million for executive bonuses is just a bit too much. President Obama also expressed his concern and outrage over the ailed financial institutes plan to burn up another chunk of tax payers money. This company is a failure and is currently afloat on tax payers money loaned from the federal government.
I can’t figure out what makes them so stupid they would attempt to do this, but there was also the big resort party they threw the first time they got bail out money. The fact that this company’s pay structure includes giving bonuses to executives that have run it into the ground is plenty of proof they deserve to fail. In all the places I have ever received pay bonuses it was as a reward for good performance and being productive beyond what was expected of me. This is obviously not what the executives and management of AIG is doing. I say put AIG down like a lame horse. Stop wasting good money on a defunct irresponsible organization.
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