Tag: AIG

If you weren’t already pissed off enough about AIG, now we hear that AIG is suing the American Government. Seriously.

March 21, 2009

The Grumpy Lion brought this to my attention: While American International Group comes under fire from Congress over executive bonuses, it is quietly fighting the federal government for the return of $306 million in tax payments, some related to deals that were conducted through offshore tax havens. AIG sued the government in February in a … More If you weren’t already pissed off enough about AIG, now we hear that AIG is suing the American Government. Seriously.

If you weren't already pissed off enough about AIG, now we hear that AIG is suing the American Government. Seriously.

March 21, 2009

The Grumpy Lion brought this to my attention: While American International Group comes under fire from Congress over executive bonuses, it is quietly fighting the federal government for the return of $306 million in tax payments, some related to deals that were conducted through offshore tax havens. AIG sued the government in February in a … More If you weren't already pissed off enough about AIG, now we hear that AIG is suing the American Government. Seriously.

If AIG’s People Are “The Best And The Brightest” We’re In Real Trouble

March 17, 2009

AIG’s people ran a huge, global company into the ground.  HUGE.  GLOBAL.  They are the best and the brightest??? AIG wants to (or already has?) shell out millions in bonuses and retention pay because they are afraid they are going to leave???  I say, don’t let the door hit ’em in the ass on the … More If AIG’s People Are “The Best And The Brightest” We’re In Real Trouble

If AIG's People Are "The Best And The Brightest" We're In Real Trouble

March 17, 2009

AIG’s people ran a huge, global company into the ground.  HUGE.  GLOBAL.  They are the best and the brightest??? AIG wants to (or already has?) shell out millions in bonuses and retention pay because they are afraid they are going to leave???  I say, don’t let the door hit ’em in the ass on the … More If AIG's People Are "The Best And The Brightest" We're In Real Trouble

I Want To See Those AIG Employment Bonus Contracts — NOW

March 17, 2009

Any time someone is compensated with a bonus or commission structure it is based on performance.  I heard a  news clip with someone from AIG speaking saying that their life insurance sales staff were to get “x” for each policy sold and that is why they must pay out billions in bonuses.  BULLSHIT!!!  Sales staff … More I Want To See Those AIG Employment Bonus Contracts — NOW

We should have let AIG close their doors, they’re a bunch of sheisters (no pay, my ass)

November 30, 2008

“They just can’t help themselves, can they? Call it “retention pay” or “cash bonuses” or some other euphemism — but the fact is that your tax dollars are going to reward people who are lucky to even have jobs. There should have been a housecleaning that swept the entire top level of managers out on … More We should have let AIG close their doors, they’re a bunch of sheisters (no pay, my ass)

We should have let AIG close their doors, they're a bunch of sheisters (no pay, my ass)

November 30, 2008

“They just can’t help themselves, can they? Call it “retention pay” or “cash bonuses” or some other euphemism — but the fact is that your tax dollars are going to reward people who are lucky to even have jobs. There should have been a housecleaning that swept the entire top level of managers out on … More We should have let AIG close their doors, they're a bunch of sheisters (no pay, my ass)

“Mr. Obama is assembling a formidable economic team.”

November 23, 2008

Nov 22nd 2008 | WASHINGTON, DC      From Economist.com STOCKMARKETS soared on Friday November 21st when investors learned that Barack Obama would nominate Timothy Geithner as his Treasury Secretary. That might seem odd. The Federal Reserve Bank of New York president was already a favourite for the post. And he brings no magical solution to the … More “Mr. Obama is assembling a formidable economic team.”

"Mr. Obama is assembling a formidable economic team."

November 23, 2008

Nov 22nd 2008 | WASHINGTON, DC      From Economist.com STOCKMARKETS soared on Friday November 21st when investors learned that Barack Obama would nominate Timothy Geithner as his Treasury Secretary. That might seem odd. The Federal Reserve Bank of New York president was already a favourite for the post. And he brings no magical solution to the … More "Mr. Obama is assembling a formidable economic team."