These statements were taken from the AP –Associated Press:
“Chief Executive Edward Liddy expressed concern that the company may not be able to attract and retain talented employees if they believe their compensation is subject to adjustment by the Treasury.”
“About 400 employees and future employees in AIG's financial products division received bonuses. Documents provided by AIG to the Treasury Department said the awards ranged from $1,000 to nearly $6.5 million. Seven employees were to receive more than $3 million. Last week Cuomo said AIG paid bonuses of $1 million or more to 73 employees, including 11 who no longer work there.”
Last week the House passed a plan to tax 90 percent on bonuses paid to those employees of AIG whose income is more than $250,000. However Obama has disagreed with the tax bill.
So, do you believe that the Executives of AIG should have to return the money they received as bonuses? Should the contracts that they signed be taken into consideration?