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SHOULD THE AIG BONUSES STAY IN PLACE?

By Joe Jackson

Real Estate Agent with Keller Williams Capital Partners Realty 277320

March 18, 2009 05:47 AM

One view is NO!! They got billions of bail out $$$ and then paid over 100 million in bonuses. The bonuses may be subject to 100% tax.

The other view is YES. They were put into the contracts before the bailout $$ were issued and the current president of AIG was not the president when the bonuses were put in place.

Perhaps the bigger issue is why is there so much focus on this bonus amount? There are other larger issues, like Chase Bank ( who recieved 25 BILLION) NOW LOOKING AT SPENDING 400 MILLION TO outsource US jobs over seas!

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Amanda Wilson

EWM International Realtors, Inc. - Fort Lauderdale, FL

Real Estate Advisor

Joe, the problem is ... AIG is now owned 80% at least by the US taxpayer...and our bailout money went for bonuses to AIG executives--many of whom got us into this place in the first place.....75 AIG execs made $1M...and 11 of them are no longer with the company...one exec received 6.4M...regardless of what was in their contracts, it was up to the Obama administration to make certain that these bailout monies did not go for bonuses....there was no oversight....news of AIG bonuses was on the news back in January...why is everyone surprised now? that's the real news....Poor judgment....no one wants to hear of any excess in a down economy...keep blogging!

Mar 18, 2009 06:51 AM

Wendy Welborne-Kimery

Keller Williams-Lake Norman Mooresville,NC - Mooresville, NC

no!!

Mar 18, 2009 10:52 AM

Joe Jackson

Keller Williams Capital Partners Realty - Columbus, OH

Clintonville and Central Ohio Real Estate Expert

I think everyone is surprised now because it is a SMOKESCREEN to cover up other bigger problems

Mar 18, 2009 12:30 PM

Tom Boos

Sine & Monaghan Realtors, Real Living - Grosse Pointe Farms, MI

Providing the very best of service to Sellers and

No bonuses. They should be "circling the wagons". Any outward signs that taxpayer funds are being mismanaged or illspent should be nipped-in-the-bud.

Mar 19, 2009 02:14 AM

Now I have spoken with someone who works at Chase Bank.They accepted the bailout $$ but really did not want to( that what I read) They are a strong bank. This individual tells me he also may not receive, or be highly taxed on his bonus..

That does not seem right. You have a contract, your do your job, meet the goals of the company,only to have your bonus highly ngelotaxed.

Mar 22, 2009 06:46 AM

SHOULD THE AIG BONUSES STAY IN PLACE?

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