Yesterday's news report on the insurance giant AIG really pissed me off. I know I'm not alone in feeling this way as Twitter, Facebook and the blogs are all showing the emotions of others who are steamed at the thought of a bailed-out bank doling out $165 million dollars in bonuses. On my Facebook profile this morning, I posted how I felt:
"AIG executives need to step forward and decline those bonuses. It's the right thing to do."
Within a short time, there were several who responded and shared their outrage as well.
"They have the nerve to ask for a bail out;then turn around and still give bonuses??"
"And they say that it is in their contract to receive those big bonuses. But as far as I am concerned, the contracts should be voided when you are using taxpayer's money."
According to the Huffington Post, the top 50 executives will receive the bonuses averaging about $112,000 each. AIG's lawyers insist that that the bonuses have to be paid out as part of their 2008 contracts or the company would face lawsuits. Seven of the top 50 executives have agreed not to accept the bonus money.
Only seven?
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