Well, here we go again:
AIG, who received 175 billion in public tax payer dollars, in an attempt by the federal government to rescue this “failed” company, reported a historical loss of 6.7 billion in the last quarter (Oct-Dec) of 2008. Most people (I would think), in this scenario, would likely find it hard to believe that “any” executive, in this company would have “earned” a bonus. Nonetheless, AIG just recently gave 165 million dollars in bonuses to several executives.
Again, let me re-iterate: they receive 175 billion of “our” tax dollars, in the last quarter of 2008, they report the biggest loss by a company, in American history, and they just rewarded several executives with millions of dollars in bonuses.
When, and where will this madness end?