Un ‘f*&#*ng’ believable.
Insurance giant AIG, which has received $170 billion in tax-payer funded bailout, is paying out over $700 hundred million in bonus and retention payments to its employees, according to the Washington Post.
The feeble excuse – AIG is contractually obligated to pay the money.
But U.S. courts have routinely thrown out contracts on pay and benefits for ordinary workers during difficult times for a corporation.
So, why didn’t the U.S. administration declare the contracts void.
We are beginning to lose faith in the Obama administration.
Here’s an excerpt from the Washington Post story:
Insurance giant American International Group will award hundreds of millions of dollars in employee bonuses and retention pay despite a confrontation Wednesday between Continue reading »
Recent Comments