Monday, March 16, 2009

Obama anger at AIG bonus payouts

AIG came into criticism by President Barack Obama when they disclosed their information on paying bonuses to their executives. The government has provided AIG with a bailout to help the current economy, not to provide thier executives with a hefty bonus. As a taxpayer I am happy to see the government looking into cases where top executives are getting these fancy bonuses. Currently in this economic state I feel there is no reason for any executives to get texpayers money to meet there contractul demands. If the current executives are at fault they definately should not be paid any bonuses. I feel it is AIG's responsibility to know in this current economic state that taxpayers money should be going in the right places and not into high paying executives. I believe the government should only intervene if they feel AIG is not being responsible with their bailout package.

http://news.bbc.co.uk/2/hi/business/7945774.stm

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