He was working under a deferred compensation agreement. He was not expecting to work for $1 period. If we start breaking contract law whenever it is unpopular, then we will have no basis to seek public private partnerships and no ability to work for other than immediate compensation.
>>If we start breaking contract law whenever it is unpopular, then we will have no basis to seek public private partnerships and no ability to work for other than immediate compensation.
I agree. “A deals a deal.” If it’s not, if trust is lost, political risk skyrockets and valuations collapse.
The main stream media did a piss poor job of describing the details behind AIG’s bonus payments. Thankfully, the MSM is sliding into oblivion, as we speak.
Either way, if it wasn't for the 4 bailouts and 180 BILlion bucks, he wouldn't have even gotten that 1 dollar, let alone anything deferred.
Contracts are broken all the time. Thats when the courts come into play. But it seems very interesting that you don't hear alot of these 1-dollar-a-year folks saying they are going to sue obambi.
This guy was part of a company, one part of which was schemingly making enough money to let AIG pay him such a nice salary he could afford to work for $1/year.
Just because he wasn't in the department that was committing the holdup doesn't mean he wasn't getting part of the payoff.
I hate to agree with obambi’s clawbacks now, but if McCain and Bush had come out against this Bullsheet Bonus Bailout, we would have saved our Country TRILLIONS of dollars and much much more, our currency and possibly our freedom.
Thanks for the give and take