AIG: Leopards Don't Change Their Spots!
Bailed out insurance company AIG ask employees to voluntarily return their 165 million dollar "retention bonuses". In a funny conversation with an associate about the bailout of AIG and their "retention bonuses" he asked, "aren't bonuses supposed to be performance based? If they are a failing company, their performance must have been bad." I replied, "they performed pretty good to convince the Obama administration they needed to be bailed out." Though we both laughed this is a serious matter. What is serious is not the bonuses but the hypocrisy being shown by the Obama administration. It was stated plenty of times that the economic downturn was caused...