Tuesday, March 17, 2009
Maybe A.I.G. is legally bound by contracts to pay previously promised bonuses to some of its executives, but those executives are not legally bound to accept them. Instead of accepting these outrageous bonuses A.I.G. executives should accept some responsibility for their ineptitude and confess that they screwed up. How can they morally justify receiving such bonuses when the tax dollars of hundreds of thousands out of work Americans are enabling them to even have a company to work for in the first place? If the Obama administration and New York Attorney General Cuomo are not able to thwart these bonuses, then the names of those receiving them ought to be publicly displayed on a wall of shame and the Federal Government should make sure not a single one of them ever receives a government appointment or contract.