Anger Increasing Greatly
The government has given $170 billion of your dollars to AIG to stabilize them.
Angry yet?
For that $170 billion, the government owns 80% of a company worth $4.33 billion as of this writing.
Angry yet?
Via the New York Times – Andrew Cuomo sifts through the bonus payouts for AIG employees. From the $165 million in bonuses paid, 73 people received $1 million or more.
Angry yet?
The bonuses were “retention” bonuses designed as incentives for the recipients to remain with the company. Eleven people who received such bonuses over $1 million are no longer with the company. One person was paid $4.6 million as a retention bonus. He/She is gone.
Angry yet?
If not, what’s it gonna take?
Oh yeah…. the CEO suggested that up to half of each bonus be voluntarily given back.
Uncategorized | Drewbert | 19 March 2009 |
