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.

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2 comments

  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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