Due to legal contracts, AIG pays $165M in bonuses on 3/15

[Doc Moose]

Ain't America great?  The taxpayers bail out AIG for $170B so far, and the execs get their $165M in bonuses on March 15.  A spokesman for AIG stated that these were in contracts with the execs and were legally binding for the company to pay out.  Their "hands were tied" and the legal expenses in lawsuits would be very expensive due to reneging on these contracts.

It works out to ~ $112,000 per exec, but some were much higher bonuses.

Maybe the guvmint will give us some high interest bonds as a reward for paying for this crap?  Naw, just a credit against our taxes, nyuk nyuk nyuk.

[Big Rig]

So in those contracts, was there not mention of performance??? If not, I want a job at AIG...

Seriously 

[Doc Moose]

that nobody checked out these bonuses???  A Treasury Dept. said that these bonuses were built into the employment contracts and they were received for sales of life insurance.
Sheesh, musta been life insurance for Congressional members!!! 

[Highbinder]

What would they have done if they didn't get the bailout money? They just keep robbing the Treasury and giving the money to the riches people in the world and we just keep voting them back in office year after year...its hard to understand Americans anymore, we don't stand for anything that this country use to be...never thought I'd  live to see us attacking countries for their oil, torturing people and robbing our citzens of their hard earned money, not counting the liberties we have given up in the name of terriotist...disgusting.

[Brad]

Legal contracts my a$$, if not for our tax dollars those contracts would be with the unemployment office.  On top of that the government is going to give them more of our money!!