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AIG Seeks Blessing for Bonus Plan

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“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.” (Washington Post [1], Friday)

Remind anyone of The Godfather?

FEE Timely Classic

“Brutes in Suits [2]” by Donald J. Boudreaux

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

Article printed from Foundation for Economic Education: http://www.fee.org

URL to article: http://www.fee.org/articles/in-brief/aig-seeks-blessing-bonus-plan/

URLs in this post:

[1] Washington Post: http://www.washingtonpost.com/wp-dyn/content/article/2009/07/09/AR2009070902702.html?hpid=topnews

[2] Brutes in Suits: http://www.thefreemanonline.org/columns/brutes-in-suits/

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