Sunday, March 15, 2009

One More Outrage ... and a Suggested Solution

Nothing like starting a Sunday morning with a good teeth-gnashing.

I refer, of course, to the news that AIG, recipient of some $170 billion-with-a-B bailout dollars, is proposing to pay $165 million in bonuses to their top executives.

The CEO says they have to pay those bonuses because (a) how else will they be able to keep "the best and the brightest" executives and (b) their lawyers say they have a legal obligation to pay and -- God forbid! -- they could be sued.

First, since these are the same people who drove AIG into the ground in the first place, let's fuggedabout the "best and brightest" argument. No one reading this is dumb enough to buy it, anyway.

As to the legal "problem," let's just ask each of the AIG executives on that Bonus List to voluntarily waive said bonuses. We'll tell 'em it's for the good of the country and they'll feel really, really good about themselves. Whatever.

Then, if they don't, we publish their names and addresses and phone numbers.

If they really are the best and the brightest, they'll go for that in a New York minute!


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