Ex AIG Boss: It's Not My Fault

I think “bonuses” might sound like a hand-out to hourly workers or someone who’s never worked in sales or management, and that's part of the rationale driving all the disbelief and media hysteria. To bring it down to a more fundamental equation and give it perspective, let's suppose the going market price for your employment services is $20.00 per hour. The company makes you an offer of $15.00 per hour but says if you meet this list of targets or goals that they have, we will give you the added $5.00 per hour that you would have made at years end in the form of a bonus... it simply ties your compensation to your effort. Now, the company decides the goals that the employee must achieve, and if they're intelligent, it’s tied to overall fiscal health in addition to other performance goals. The salary range may be subjective and established by a number of free-market factors; I'm not saying some of these individuals might not be overpaid; but I do know that these career people often constitute a different breed of employee who work many more hours, nights and weekends away from their families doing many things that most workers won't… just for the opportunity to operate in these pay ranges. I may be off a little, but I don't think the average hourly employee can even relate to a working environment like that; much less want to suffer the years of academic training and experience just to get the chance to sink or swim in positions of such weighty responsibility with sharks at your back at every turn. So, if you haven't been there, maybe you shouldn't throw rocks until you have an informed point of reference. It would also probably help to read up on AIG's changes & progress at: http://www.aig.com/home_385_131629.html Lastly, the money promised and paid to these employees really pales in comparison to the funds many of these politicians received in contributions for their wildly expensive campaigns, and have now doled back out with interest (using your money) to the same BBB companies (Big Beautiful Business). The hysteria and hype in Washington is designed to appease the majority of mostly uninformed voters and at the same time provides a media circus event to draw attention away from this legal but corrupting relationship between politics and business... which is what really needs to change. Reply

I think Terrified Citizen comments are to long. Could this be another Corona-King???? Reply

We're such a religious country and yet...where're the morals? Reply