Deals from Amazon

Sunday, March 15, 2009

Questions I Want to Ask AIG Executives

Bonus: a sum of money granted or given to an employee in addition to regular pay, usually in appreciation for work done.

This is how Dictionary.com defines bonus. With this definition in mind, I am not sure how to react to the news about AIG executives receiving $165 Million in bonuses.

Bonus is something that you get when you perform better then expected or the company wants to share some of the profit with the employees. I understand if the bonuses were paid by companies who were profitable or companies that were rewarding their employees for their expectational performance. But,AIG which has received $170 Billion from the taxpayers to keep it afloat, rewarding bonuses to the same executives who remained blind to all the risk that the company was taking, putting not just the company but the entire US economy at risk: I fail to comprehend this.

Here are some questions that I would like to ask these AIG executives that are receiving their big bonuses today:
1. When your company reported the largest quarterly loss in corporate history of $61.7 billion in the last three months of 2008, how can you sit there and except this bonus with a straight face?
2. What are you going to do with the $165 million bonus? If you have no idea can I give some suggestions: buy a big house, a yatch, drive around in a Bentely or a Ferrari and don't ever come back again asking for bailout money.
3. When millions of hardworking people have lost their jobs, homes and life savings by the very actions that you guys took, how come you are being rewarded with $165 million and these hardworking people are left with nothing?
4. Is there no limit to your rapacious desire for more? Did you leave your moral and ethical compass at the door when you walked into AIG?

If any of you have other questions to ask the highly paid executives at AIG, please pen them.

No comments:

Post a Comment