AIG & Bonuses . . . WTF?
* Warning rant ahead, bifocals optional.
I’ve been out of town lately so I have been somewhat lacking in the news department for the last month so when I started to catch up on a few things I was blown away about a few things. Probably many of you were too.
Turns out AIG again took millions of dollars of the bail out money the Government gave them and paid more executive bonuses. Now this is the second set of bonuses paid since the financial collapse started. One guy received six million dollars. I read that over fifty others got more than a million. All right, it is an outrage. But wouldn’t you want to work at a company that rewards failure on a historic level with million dollar bonuses?
I don’t know about you but I have never screwed something up on a job to the point where we had to go beg the Government for financial help three times and then the boss sat down with me to write a giant check. I wonder what you get for doing your job really well...