Really? AIG is giving some of their execs bonuses with bailout money? Blah... Greed is a very powerful motivation. I understand that AIG says that they were contractually obligated to pay 100% of 2007 bonuses in 2008, but there has to be a way to get around that! The money is not even the company's money - its every American Tax payer's. Now don't get me wrong, I am for the bail out because I think something needs to be done to prop up the economy - but this is a slap in the face of the taxpayers.
Well, I hope that somehow we can make them give the money back. Ideally, I'd love to see the morals of the individual prevail and see some of the executives who received bonuses turn them back over. I have to hope that those people will have some shame and see that they already have far more than the average American, and deal with tightening their belts (sigh... no new Porsche this year...).
Beyond griping I sent a little email to AIG, which I'm sure means nothing, but just maybe if thousands of others are doing the same we can show the public disapproval.
Check the gory details here.
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