Edward Liddy Avoids The B-Word
AIG CEO Edward Liddy, facing tough questions from a congressional panel reviewing the government-subsidized firm's $165 million in bonus payments, sai...
Bonuses
Post-Post-Partisanship
Mike Lux | Posted 04.18.2009 | Politics
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Lincoln, FDR, and LBJ all did what they had to do, played the hardball that had to be played, to change the country. Obama should follow their example.
Exclusive: Why I Deserve My Bonus
James Heffernan | Posted 04.18.2009 | Comedy
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OK, so I bagged a chunk of change: $4,605,321.54, to be exact. But I'm here to tell you that I earned every penny of it.
AIG CEO: Employees Starting To Return Bonuses
AP | JIM KUHNHENN and TOM RAUM | Posted 04.18.2009 | Business
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WASHINGTON — Under intense pressure from the Obama administration and Congress, the head of bailed-out insurance giant AIG declared Wednesday th...
Geithner Gives Away 2 Trillion While Country Screams About A Few Hundred Million At AIG
Ian Welsh | Posted 04.18.2009 | Politics
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What Geithner is doing right now is similar to how a magician works. First he gets your attention on one thing "look, outrageous bonuses at AIG", then he does his trick while you're watching what he wants you to watch.
Why AIG and Jim Cramer Matter
Lincoln Mitchell | Posted 04.18.2009 | Politics
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The new economy, the one that not only gets us out of this crisis, but keeps us out of the next, will not have a place for either AIG type bonuses or Jim Cramer-type journalism.
Threat Level Raised: AIG CEO Warns Of Dire Consequences If Company Fails
HuffingtonPost.com | Ryan Grim | Posted 04.18.2009 | Politics
Edward Liddy, CEO of American International Group, warned a congressional panel Wednesday of "dire consequences" if the bailed-out insurer is allowed ...
Tax the Bonuses
Kirk Stambler | Posted 04.18.2009 | Politics
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Amid all the hand-wringing about whether or not the government has the power to stop AIG from paying bonuses to the very people who helped precipitate...
Flashback: It Was Bush, GOP That Opposed Executive Compensation Caps
HuffingtonPost.com | Sam Stein | Posted 04.18.2009 | Politics
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It is a rather curious spectacle to see congressional Republicans express outrage at the exorbitant bonuses being handed out by bailed-out companies a...
Should Obama Stop Trusting Geithner's Advice?
Miles Mogulescu | Posted 04.18.2009 | Politics
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If the American people come to see the Obama administration as complicit in Wall Street's unethical behavior, then Obama's entire economic program could end up in shambles.
The Death of a Brand
James Moore | Posted 04.18.2009 | Business
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AIG's predicament will be studied for years to come in marketing and communications classes. When the president of the United States starts bad mouthing your brand, it's not going to survive.
AIG, Populist Rage, and the Future of Banks
Howard Schweber | Posted 04.18.2009 | Business
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Lately the torches-and-pitchforks voices have begun to drown out serious discussion. Time to take a deep breath or two: populist rage is a rotten basis for policy-making.
AIG: The Media's Appalling Hypocrisy and Anti-Obama Bias
MJ Rosenberg | Posted 04.18.2009 | Media
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For eight years, the Republicans gave unprecedented trillion dollar bonuses to the richest people in America. Where was the MSM's outrage then?
CEO Bonus Pay Rises Despite Poor Performances (SLIDESHOW)
Huffington Post via WSJ | Julie Satow | Posted 04.18.2009 | Business
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Several chief executives were handsomely paid last year even though their company performed terribly, the Wall Street Journal reports. By most mea...
What to Do About "Mad as Hell"
Deepak Chopra | Posted 04.17.2009 | Politics
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What would it take to change a whole subculture that has escaped all ethical boundaries?
Upset with AIG? How About Your Bailout Funds Supporting Tiger Woods and Europe's Soccer Stars?
James Warren | Posted 04.17.2009 | Business
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There are few topics more fit for bailout-inspired vitriol than the sports marketing and sponsorship deals bargained by financial services firms and automakers surviving due to taxpayer largess.
Beyond Clawback: Using the Tax Code More Expansively to Address AIG Bonuses
Paul Abrams | Posted 04.17.2009 | Business
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The much-reviled US tax code contains within it thousands of treatments and exclusions that enable subclasses of people to enjoy deductions, credits or even exclusions from paying taxes.
Larry Summers' Ludicrous View On AIG Bonuses
Henry Blodget | Posted 04.17.2009 | Business
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If not for the taxpayer, AIG would be bankrupt, and the folks holding those contracts would be standing at the end of the creditor line.
Unacceptable Excuse of the Day
Fortune's Stanley Bing | Posted 04.17.2009 | Business
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The ongoing AIG mess provides us with an interesting sidelight today -- the use of an excuse that is no longer acceptable in the unwired global universe in which we now live.
AIG Underscores the Need for Real Time Financial Accountability
Rep. Carolyn Maloney | Posted 04.17.2009 | Business
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With so much confusion in the financial marketplace, one thing is apparent: the American people deserve to know what government-supported banks are doing and how our tax dollars are being used.
Good Work, AIG!
Jonathan Richards | Posted 04.16.2009 | Politics
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The bonuses may seem greedy, but look what quality stuff they're producing! ...
Getting Lehman Wrong a Second Time
Dean Baker | Posted 04.16.2009 | Business
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The sums of money going to bail out the financial industry dwarf the waste and pork that get John McCain and other budget hawks excited. Yet they are strangely calm about the bailout money.
Why Obama Was Smart to Come Out Strongly Against the AIG Bonuses
Mitchell Bard | Posted 04.16.2009 | Politics
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The Republicans were going to grab onto the populist anti-bank feelings in the country to position themselves as the party of the people, with the Democrats being cast as the party of the bankers.
Tim Geithner Needs To Answer For AIG
Henry Blodget | Posted 04.16.2009 | Business
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Americans will justifiably ask who got us into this mess. The answer, in part, is the same man who has yet to come up with a coherent plan to get us out of it:
How to Stop AIG's Bonuses
Bill Black, Tom Ferguson, Rob Johnson, Walker Todd | Posted 04.16.2009 | Business
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Today the task is to stop a grotesque abuse before it is too late. The path we outline here would do it, without throwing markets into turmoil.
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