Wednesday, March 25, 2009

A Disgraceful Performance

The Obama Administration has behaved worse than AIG when it comes to these so-called outrageous bonuses.

Holman Jenkins explains.

AIG employee Jake DeSantis resigns, very publicly.

It's a letter that every congressman and administration official should read. Every voter too.


Anonymous Anonymous said...

I'm sort of two minds about this. On one hand, the guy is right that he performed his job well and should get the compensation contractually owed to him. His analogy about refusing to pay the plumber because the electrician burned that house down is apt. "AIG executives" are not some borg-like creature making decisions as a unit and it is wrong to demonize all of them since many performed their duties well.

However, the guy is whinning a bit excessively. If AIG had not been bailed out, it would have gone into bankruptcy. How much would this guy have gotten paid it AIG went under? Probably pennies on the dollar. The only reason AIG has the money to pay him is because of the taxpayers bailing AIG out of its current situation.

Did he stay longer on the promise to get paid his bonus? I'm sure of it. Is it wrong to mislead him? Yes. But what is the difference in outcome to his "bottom line"? Probably nothing.

March 26, 2009 at 10:21 AM 

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