Obama Wants To Block AIG Bonuses
@hidden1money1secret (191)
United States
March 16, 2009 3:07pm CST
President Obama is going to take action to block the 100 million+ bonuses to the AIG insurance company executives. The U.S. taxpayers have bailed out AIG to the tune of several hundred billion dollars.
Some think Obama should stop the huge bonuses. Others say to stay out of it.
What do you say?
2 people like this
6 responses
@ParaTed2k (22940)
• Sheboygan, Wisconsin
18 Mar 09
I guess he should have actually read the bill before he signed it into law.. especially the part that allowed for the bonuses.
@ANTIQUELADY (36440)
• United States
17 Mar 09
i hope he can blocki them. i think it's ridiculous that they are doing that. the executives are probably the reason they have gotten in such a mess to start with. some of the big shots need to llllive like us poor folks do & they might learn appreciation for us.
@surveytaker29345 (489)
• United States
16 Mar 09
I think that he should stop the bonuses. The executives in the company are being paid enough to do their jobs. Apparently, they are not doing their jobs very well. Otherwise, they would not have to accept bail out money. I think that if the bonuses are not stopped, the money should be revoked. If the company has the money to pay the bonuses, than they can save themselves and not take any help from the government.
@onedaysoon (651)
• United States
16 Mar 09
I think the bonuses should be stopped. The amount these people make without the bonuses is 10 times more than the average hard worker. I don't think it would hurt them to even take a pay cut themselves, in addition to the bonuses. Companies often end up laying off average workers so they can keep their high incomes, acting as if it is to keep the company going. But, if they each just took a small pay cut they could possibly save the company, with little help and let hard low wage workers keep their jobs.
@iridium (431)
•
17 Mar 09
i don't think that legally they can. ok so he can change the law but that would make everyone at risk for employers to just grab back huge amounts of your salary. Often these contracts are written so that theres a base salary, say $20000 and the rest of the $100000 salary is 'bonus'. its simply not right to deprive people of 80% of their income. ok for the board members who make the decisions but people who were just doing their jobs.. they have mortgages too.