Wind-Up Rubber Finger - Latest Comments on AIG Bonuses, why is this the government's business?

OGRE [Member] in response to: AIG Bonuses, why is this the government's business?

OGRE [Member] — Thu, 19 Mar 2009 00:21:53 +0000

The bonuses for AIG employees are RETENTION bonuses. AIG claims that the people who caused the problem are the only ones who know how best to fix it, because of the complexity of the products they offered. If they allow the products to fail then there would be a much greater fallout. The bonuses were designed to keep people from AIG employees from "walking" after this all went down. THIS DEAL WAS STRUCTURED WITH THE COMPLETE COOPERATION OF THE OBAMA ADMINISTRATION. I outline this in the most recent article.

George W. is not a Conservative in any way. I don't think anyone was under the assumption that he was.

Rob [Visitor] in response to: AIG Bonuses, why is this the government's business?

Rob [Visitor] — Wed, 18 Mar 2009 05:01:23 +0000

Contract or no contract, if you run a company to the ground, you get fired, not get a huge bonuses. I can't make a judgment on what the contract actually says, but I am willing to bet that bonuses would be tied to performance. Perhaps they were able to convince the board that convincing the government to give them all that money was the reason for the bonuses. Regardless, legal action should be the least of their problems, since they would be out of business without Uncle George bailing them out. You know, for labeling himself a conservative, W didn't act like it much when it came to doling out the cash on the first stimulus.