Wednesday, March 18, 2009

AIG

AIG, one of the biggest financial institutions in the world, received $85 billion last fall in order to stave off failure. They are now receiving another $35 billion for the same purpose. At the same time, however, they are paying out $165 million in bonuses. Bonuses! There is general outrage about this not because of the total amount (it's merely pocket change compared to other stimulus and bailout dollars) but because employees who ran a company into the ground are receiving extra financial compensation for failing. If the local bakery employees suck, the bakery folds and they lose their job. If the massive multinational corporation employees suck, they get a bonus!

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