[picantel]

Either congress is made up of retards or they are in on the scam with some nice kickbacks. AIG is playing everyone for suckers and is just using the bailout money as their own personal playground of fun.

AIG Swaps "Retention Bonuses" For Annual Bonuses'

In order to get a giant honking bailout from Congress, AIG pledged it would give up executives annual bonuses, but guess what? They found a way to give them anyway.

Instead, they're giving 130 managers "cash awards" to stick around. Retirement services chief Jay Wintrob will get $3 million in retention bonus pay.

“The expectation from the public and Congress was that they weren’t getting bonuses, not that they’d be pushed off by several months,” said David Schmidt, a consultant at executive pay firm James F. Reda & Associates. “That clearly violates the spirit of AIG saying they’ll forgo their bonuses.”

AIG defended the action, saying it was necessary to encourage the guys to remain while buyers were found for the various units.


Obviously it is important to retain a guy for a cool 3 million when he took the company into the ground.

[pavyracer]

Ahh...the benefits of capitalism. Sometimes I wonder what's the worse evil: greedy capitalism or bankrupt socialism?

[Tchocky]

AIG was deemed to big to fail. At least their bailout came with strings. Citigroup got the sweetest deal.

[Seattle Slew]

I vote for the former.

[quote=picantel;1257385]Either congress is made up of retards or they are in on the scam with some nice kickbacks. AIG is playing everyone for suckers and is just using the bailout money as their own personal playground of fun.

[THEGREAT30]

Bill Gates is going to be on CNN tommorrow telling us all how to fix the economy. How about for one he stops draining everyone dry that buys his products.

[Dark Horse]

The older I get, the more I'm in favor of the death penalty. You want to get rid of corruption in the financial system? Just execute every single corrupt motherf*cker. And watch them get honest fast. The alternative is an economic crisis for the entire country.

[wtf]

you know what dark horse in china they do put those guys to death for corruption. you know what it works. of course america is much too civilized to do some rational like this.

these corrupt dogs ruin so many more lives than you could ever imagine.