Comments on: Don’t Get Angry at AIG

By: Cough

Cough — Thu, 19 Mar 2009 16:08:50 +0000

http://www.cnn.com/2009/POLITICS/03/18/aig.bonuses.congress/index.html

By: Ely Rosenstock

Ely Rosenstock — Thu, 19 Mar 2009 13:29:19 +0000

@Cough What was the special clause?

By: Cough

Cough — Thu, 19 Mar 2009 11:32:08 +0000

I am angry that even thought a special “clause” was entered into the bailout by congress (ie: Chris Dodd) that allowed these bonuses, we have congress ripping the CEO of AIG a new one about something they approved.

By: Ely Rosenstock

Ely Rosenstock — Thu, 19 Mar 2009 01:29:49 +0000

@Anonymous Your right about the fact that we need more information but what constitutes an unconscionable contract? What is considered excessive compensation? The answers will be very subjective.

By: Anonymous

Anonymous — Thu, 19 Mar 2009 01:23:45 +0000

we don’t know if the contract is valid.
we if the contract was unconscionable when entered into.
we don’t know if the bonuses are considered excessive compensation.