Bailed out AIG gives bonuses to keep employees
Today, AIG, which received billions in tax payer dollars, announced it will be offering large bonuses to keep senior employees.
I have to wonder, with the over-abundance of highly qualified people in the job market right now, why AIG thinks it needs to offer bonuses to keep employees. Is it because the only way senior management can rake in more cash for themselves is to offer these bonuses?
So, where is Treasury and the Fed on this matter of the breach of public trust? Nowhere apparently. As has been stated innumerable times in all kinds of literature, the rich take care of the rich and the old boy buddy system is alive and well.
Meanwhile, the average American tax payer gets taken for a one way ride downhill and is asked to do with less and less.