AIG Execs: Because Greedy People will Always Find a Way to Get More Money

aig-logoSilly us for thinking insurance giant AIG would be faithful to the spirit of their agreement to forego bonuses to their highest level executives:

American International Group Inc., the insurer that said yesterday it scrapped bonuses for top executives after a U.S. bailout, will still pay 130 managers “cash awards” to stay with the firm, including $3 million to retirement services chief Jay Wintrob

Because “cash awards” are totally different than bonuses ….

Read the rest at TruthOut.


  1. My parental figure told me about this…

    My comments couldn’t be published – anywhere!

    What a healthy appetite these people have for green – other people’s green.

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