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you believin' this shit? AIG wants government blessing for exec. bonuses

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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-09-09 09:53 PM
Original message
you believin' this shit? AIG wants government blessing for exec. bonuses
Edited on Thu Jul-09-09 09:59 PM by spanone
AIG seeks clearance for more bonuses

American International Group is preparing to pay millions of dollars more in bonuses to several dozen top corporate executives after an earlier round of payments four months ago set off a national furor.

The troubled insurance giant has been pressing the federal government to bless the payments in hopes of shielding itself from renewed public outrage.

The request puts the administration's new compensation czar on the spot by seeking his opinion about bonuses that were promised long before he took his post.

AIG doesn't actually need the permission of Kenneth R. Feinberg, who President Obama appointed last month to oversee the compensation of top executives at seven firms that have received large federal bailouts. But officials at AIG,

whose federal rescue package stands at $180 billion, have been reluctant to move forward without political cover from the government.

http://www.msnbc.msn.com/id/31838220/ns/business-washington_post/
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Mojambo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-09-09 09:59 PM
Response to Original message
1. The last time these fuckers tried for the bonues
I wrote a little wish fulfillment short story that DUer's might enjoy.

It's called Terror at AIG.

http://mojambo.blogspot.com/2009/03/terror-at-aig.html
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Double T Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-09-09 10:04 PM
Response to Original message
2. wall street and the financial world are a culture of unconscionable psychopathic arrorgance.........
and insatiable greed. These fuckers of the entire USA think they have done nothing wrong.
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texastoast Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-09-09 10:06 PM
Response to Original message
3. Weeellllll then, it's time we jammed the switchboard
and say FUCK YOU DAMN NO to those thieving bastards.
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no_hypocrisy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-09-09 10:10 PM
Response to Original message
4. Let'em pay the damned bonuses BUT ALSO publish the names and addresses
of those poor deserving executives so we can share in their happiness.
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OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-09-09 10:16 PM
Response to Reply #4
5. Now, that's an idea I like. n/t
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katandmoon Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-09-09 10:48 PM
Response to Original message
6. Who thinks the government will actually turn them down?
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