The Goldfish Chronicles

The AIG ’scandal’ is much fun.

I get the shock and horror on the part of the ‘taxpayer’ at money being spent on performance bonuses at a company who presumably ‘have not performed’ as a whole otherwise they wouldn’t be asking for a bail-out. It’s a problem though as companies do need to retain valuable staff and even companies in these situations should be giving bonuses to those who have performed. Presumably the lions share of the bonuses went to the top level, so hopefully the 90% congress tax issue has a reasonable non-taxed floor to allow performing employees to not get hit for board room greed.

The joke of it all though is that the government is bailing out a company whose board and highest level of leadership have failed financially in some way - why should they be shocked that the money is not well used. Hindsight would imply that the money should only have been given with indicate of an overhaul of the leadership leading to that lack of money.

This entry was posted on Thursday, March 19th, 2009 at 11:03 pm and is filed under Opinion. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.