U.S. pay czar says renegotiating AIG bonuses is a 'top priority&#3

[Frit0 Bandit0]

Employees in AIG Financial Products, the division whose complex derivatives contracts nearly led to the collapse of the insurance giant last fall, are due almost $200 million in retention bonuses in March.

 

 

.....Remember / Congress over AIG debacle

and I believe the start of the T-baggers

[GG]

Bah, why honor contracts? Brilliant idea, save $200 million so you never see the $100 billion that AIG owes.

[KD in CA]

Just curious, how much is the 'pay czar' and his department costing us every year?

[Nanker]

Just curious, how much is the 'pay czar' and his department costing us every year?

Oh, that's different. They work for the Government. That never costs anything. It's only a problem in the evil private sector where costs are terrible, rates unfair, windfall profits are out of control and people need the federal government to protect themselves from, well - themselves.

[DC Tom]

Bah, why honor contracts? Brilliant idea, save $200 million so you never see the $100 billion that AIG owes.

 

The average voter thinks that $100B is spent and unrecoverable anyway, so that $200M is just throwing good money after bad.

 

And the "czars" - or, more accurately, their boss - have to pander to the average voter to keep their jobs.