if you worked 12 months for a $1 “salary” with the promise of a large payout at the end, would you really consider that payout as a “bonus” or as compensation for the work you had done for the past year?
I think it was a ruse...they knew they would receive millions in bonuses on the taxpayer’s dime. I think , they all should have been fired in the first place. They caused this melt down and should not be in a position to cause further problems. Today, we hear the loss of two AIG execs in France may cost billions. It never ends with these guys...They are not the smartest people in the room clearly.
Also, since some bonuses went to those who are no longer employed with AIG, some bonuses were clearly not retention bonuses...these guys bankrupted a company and put the entire global economy at risk...they should not be rewarded. I hear the AIG mess is being investigated so I hope some will be brought to justice in the end...orange jumpsuits -not bonuses are in order for many of these people.