AIG is going to pay out $165 million in bonus after 1) taking $170 billion tax payers dollars and 2) losing $61.7 billion in 2008 Q4, the largest in corporate history. People should be angry about this! It's appauling for a company to lose money and pay bonuses at the same time. How do I get a contractual obligation that if my company loses $61.7 billion a quater that I get a bonus? This is just another example of corporate greed putting themselves before anyone else.
I think the Obama administration should stop payment on the checks and put a retroactive law in place saying that any company talking bailout money is not allowed to pay cash bonuses to their employees or executives until over dollar is paid back. Since tax payers as a whole own 80% of the company, we should all be allowed to cast a vote for the board and CEO to get rid of these crooks!
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