Archive for March, 2009

23
Mar
09

AIG Bonuses

Originally written on 3/17/2009. Apparently I need to write more here, as I forgot to hit the publish button…

Lots of people are outraged by the bonuses and perks the executives at AIG have been getting. From what I’ve read, it looks like the AIG execs are getting $165 million in bonuses. Considering they were able to wrangle $170 billion in financing with another $30 billion pending, a .1% reward doesn’t seem like such a bad deal. Really, these guys were able to get effectively $200 billion dollars for a company they had driven into the ground. Who are we to say a commission isn’t in order?

 

Iowa Sen. Charles Grassley has the right idea, though. He’s suggested the AIG execs resign or commit suicide.

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