Legal

Hugh Son of bloomberg.net reports that AIG continues to push forward more bonus payments (under another name) to an additional 38 "executives" of as much as $4 million. These "executives" earn salaries between $160,000 and $1million. On Nov. 26, Hugh Son of bloomburg.com reported that AIG will pay 130 managers "cash awards" to stay with the firm, including $3 million to retirement services chief Jay Wintrob.

This insider corporate culture of rewarding people for failure has to stop. Does Edward Liddy need to get jail time to think about how WRONG this is? He is responsible for AIG losing $25 BILLION last quarter. I'm certain that this pressure to get the AIG bonus distributed before the next AIG quarterly financial report goes public is because the losses will be astoundingly high. AND REMEMBER, THAT'S OUR MONEY AIG IS SPENDING.